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Maximizing the Impact of Your Non-Cash
Charitable Donation
Every year people donate money and items to charity. If you
decide to donate your household goods instead of cash, there
are some things that you should consider ahead of time.
The first thing you will want to consider is whether someone
else can use your items. In general, if the item is something
that can no longer be used by you, then your charity is not
going to be able to use it either.
If the items that you are looking to donate are useful, you can
consider selling them first and donating the proceeds to your
charity. Cash is a lot easier for the charity to use and for
you to claim on any tax returns. You can also help your charity
maximize its profits by cutting out the middle men they would
need to pickup, deliver, and sell your donations. You can
consider online auctions, garage sales, or for sale ads in your
local paper.
If you decide that it is better to donate the items themselves,
always think locally. This means that there will be fewer
charges to the charity to pick up items, or that you can even
deliver the items themselves. Plus, you will have the
satisfaction of knowing that you are doing something to better
your own community.
However you decide to donate your items, you will want to make
sure that you get a receipt, especially on higher-value items.
Your charity should be able to provide you with these. You will
then want to save these receipts for tax time so that you can
properly itemize your charitable donations.
Another thing to consider before donating your items is to make
sure that you find a good charity. Some are better at using
donations for their cause than others.
First, look for a charity that can communicate what it does. It
should have a clear mission statement and be able to describe
its programs. By being able to do this it shows that they are
focused on making a difference in their given field. It also
helps you to weed out the ones that are scams or simply out to
get your well meant dollars.
Next, you will want a charity that can define its goals, both
in the short and long term. If they are unable to do this, they
really have no way to prove that they are successful and are
making good use of your donations.
Along similar lines, your charity should be able to tell you
the progress it has made toward the goals that you have. With
so many charities out there, you want to make sure that you
have a charity that is actually accomplishing goals and will
make good use of your donation. Ask for proof on what they are
doing.
Next, ask yourself if the charity makes sense in how it
accomplishes goals. The ends do not always justify the means,
so make sure that you agree with everything that the charity
does, not just the end cause that they are supporting.
Also, you want to decide if you can trust your charity. Most
charities are actually honest and well-managed. However, there
are scams out there. You should always feel comfortable with
the charity of your choice. Do what ever you need to do to make
sure that you are comfortable with your decision. Your charity
should be willing to provide you with any information that you
need.
Also, consider if you are willing to make a long-term
commitment to the charity of your choice. Since ultimately, the
goal of your donation is to make a difference for your cause.
Finding the right charity is being able to find one that you
can use for a long time to make your donations.
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