Willis Report: Check your charity - Dallas News | myFOXdfw.com

Willis Report: Check your charity

Posted: Updated:
NEW YORK -

Americans are the most generous people in the world giving an eye popping 310 billion dollars to charities last year. But if you like to donate, it pays to be sure your money is being used wisely.

According to the New York Attorney General's office, of charities that used telemarketers to fund raise, 62 cents of every dollar donated were kept by those telemarketers. In half of the fundraising campaigns run by telemarketers, the charities retained less than 30 percent of the funds raised. That's not a good return on investment.

And, it's not just pricey fundraising that puts your dollars at risk. Bloated executive salaries, mushy missions and sound alike charity names can all result in a waste of your charity dollars.

So, be sure to check out your charity before you donate. One great resource is CharityNavigator.org. This website does the heavy lifting for you, vetting many players. If your favorite charity is not on the site, ask basic questions. Is the organization a legitimate not for profit? If the entity doesn't have that designation, you can't deduct contributions on your taxes. Avoid any charity using telemarketers.

Read the mission statement. You should look for organizations that have concrete goals. Charities should also tell you how much of each dollar they receive is going to their cause. Watch for high operating expenses.

Finally, if you have a specific charity you want to give to, be sure to get the name exactly right before you stroke a check. Scammers try to take advantage of your goodwill by promoting ventures whose names sound legit or mimic those of established charities.

Use your charity dollars wisely. Remember, the more care you give in dispensing your money, the more causes you can help.

  • Good Day ArchiveMore>>

  • Casting Call: August 27

    Casting Call: August 27

    Tuesday, September 2 2014 1:42 PM EDT2014-09-02 17:42:30 GMT
    Check out the Good Day Atlanta Casting Call for the week of August 27.
    Check out the Good Day Atlanta Casting Call for the week of August 27.
  • Good Day Atlanta

    From bean to cup: Inside Smyrna's Rev Coffee Roasters

    From bean to cup: Inside Smyrna's Rev Coffee Roasters

    Tuesday, September 2 2014 8:02 AM EDT2014-09-02 12:02:31 GMT
    If you're idea of a good cup of coffee is something strong from the old one-cup in your kitchen, it's time for a coffee education!
    If you're idea of a good cup of coffee is something strong from the old one-cup in your kitchen, it's time for a coffee education!
  • Nonprofit pairs shelter dogs with jail inmates

    Nonprofit pairs shelter dogs with jail inmates

    Monday, September 1 2014 1:24 PM EDT2014-09-01 17:24:57 GMT
    There is a program giving inmates and dogs a second chance. Canine Cellmates saves dogs from being euthanized and pairs them up with inmates at the Fulton County Jail.
    There is a program giving inmates and dogs a second chance. Canine Cellmates saves dogs from being euthanized and pairs them up with inmates at the Fulton County Jail.
Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices