Making a charitable donation has many benefits, it helps make a positive impact in the lives of others, you feel good about giving and it can be tax deductible. Here are few steps to help you with your philanthropic endeavors.

What percentage of their budget is spent on administrative costs?

Charitynavigator.org is a great website full of information on charities and their transparency with their funds.

Are they tax deductible?

To determine if the organization you would like to give to is tax deductible visit the IRS website. There is a tool on their site called Exempt Organizations Select Check. This is a search tool that enables you to search for an organization and review information about their federal tax status and filings. Here is the direct link to this tool: www.irs.gov/charities-non-profits/exempt-organizations-select-check.

Warmly,
Stacy

(This article is not intended to provide you with tax advice. Consult with your CPA for any questions regarding your tax deductions and charitable giving).