Know How to Spot Scams When You Decide to Donate Money

Veuer

When you are in school you are taught to share, and as adults, making donations is one way to keep sharing. Here are a few ways to know before making a donation. Veuer’s Keri Lumm has more.

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00:00When you're in school, you are taught to share, and as adults, making donations is one way to keep sharing.

00:07Here are a few things to know before making a donation.

00:10Make sure the money is going to an actual charity.

00:13Scams are everywhere, even in the guise of a charity.

00:17Money Talks News suggests website Charity Watch can be a good place to check whether they are a legitimate group.

00:23Check their IRS status. Nonprofits are usually listed with the IRS as a 501 . This status should be clear when you make your donation.

00:34Get a receipt. As long as it is a 501 , you should get a receipt for your donation for tax purposes.

00:42It's nice to save a little on taxes when doing a good deed.

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