Donate Wisely: Use Your Head And Your Heart

Whether responding to a terrifying natural catastrophe halfway around the world, or to a local family in need, when disaster strikes, Americans open their pocketbooks. But with so many worthy organizations to choose from, and so many solicitations by phone, mail, and by personal appeal, it is sometimes hard to know how to distribute funds earmarked for giving.

Before You Write That Check, Check.

The Better Business Bureau's Wise Giving Alliance launched the charity-reporting system www.give.org, which provides information on more than 500 national charities and nonprofit groups at no charge. Click on an organization's name, and you'll find information including compliance and governance information, and whether donations are tax-deductible.

Ask Questions

Don't be afraid to ask questions when you're asked to give. Find out how much of your gift will be used for overhead, the specific project the money will go toward, and other important information.

Check for Security and Privacy

If giving online, confirm that the charity uses appropriate security measures.

Budget for giving.

Plan your philanthropic activities right into your budget just as you would other financial obligations. Use Wachovia's Online Banking with BillPay to make regular payments at the same time you pay your bills.

Stretch Your Dollars Further

Check to see if your employer will match gifts made by their employees or make grants to organizations recommended by employees.

Give Your Time

One of the most rewarding things you can do is donate your time and skills for a cause and feel the satisfaction of making a difference first hand.

Keep the Receipt

For gifts of less than $250, a canceled check or credit card statement is sufficient for IRS requirements. For larger gifts, you'll want to get a receipt from the charitable organization.

Tight Budget? You Can Still Help

Donating small amounts over time adds up. Add a few dollars to your bill at the supermarket check out to support local food banks. Food collections at local schools, churches, or libraries give you the opportunity to contribute a can or two without impacting your family's dinner. Local Toys for Tots campaigns allow you to bring a smile to a child's face at the holidays, one gift at a time.

You Can Say No

If you feel uncomfortable when asked to give, don't be afraid to say no. You can also ask for more information and take time to think before making your decision.