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2015-01-01

What to know before writing a check

(SPM Wire)

It's the season for charitable giving, but do you know where your hard-earned money is really going when you donate to a particular charity? With scams and misspent funds an all too common scenario, it's important to get savvy.
While many Americans know it's crucial to do some background research before writing a check, many donors don't know all the indicators to watch out for, according to new data.
Americans consider finances to be the most important indicator of trust in a charity, according to a study by the Better Business Bureau (BBB). However, the BBB recommends taking a more holistic approach toward reviewing a charity.
A good place to start your research is by checking whether a charity is accredited by the BBB Wise Giving Alliance, which evaluates charitable organizations on 20 holistic standards covering governance, effectiveness reporting, finances, appeal accuracy and other issues, to assist donors in making informed giving decisions.
To investigate a charity, check out www.give.org.
This holiday season, don't just be generous, be wise.