Safeguarding Donations

by | Nov 6, 2024 | Financial, Tax-Minimizing Strategies | 0 comments

Throughout the year, we all want to make a difference in the world. We are all looking for opportunities to donate to a great cause. 

At this time of year, the generosity shown to charitable organizations is astounding! 

There are many people in need this year in particular, and I know my friends here will be looking for opportunities to help. 

Unfortunately, some defraud those just trying to do some good. Every year, stories of identities and money are stolen when a kind-hearted individual attempts to donate to a fake organization. 

However, here is a list of tips from the FTC that can help you meet your goal of helping those in need while avoiding fraud.

🔬 Do your research. If you get an email or see a story on social media about a particular charity, look it up online first. Search for things like the name of the charity along with words like “complaint,” “fraud,” or “scam.” 

⚠️ Be careful how you pay. It is likely a scam if someone asks that gift cards, cash, or money orders be sent for their charity.

🐢 Don’t rush. Scammers will try to hurry your decision to give. Real organizations will want you to do your research. Scammers will use tricks to get you to donate. For example, if they guarantee a sweepstakes or drawing win if you donate, it is illegal and likely a scam.

Let’s ensure our kindness counts and reaches those who truly need it. Your support can make a difference. 🌍💙

Source: https://consumer.ftc.gov/features/donating-safely-and-avoiding-scams 

The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Eric Riggenbach

Executive Director

I have been in the financial and insurance industry since 1990 and began my career while pursuing a Bachelor of Science in Business Management.

For the last 30 years, I have embraced further education by obtaining a Securities registration, and further education with a bachelor’s degree in economics and finance from Cambridge.