It’s fun to involve your kids in discussion about where to make charitable donations. You know your kids will have opinions about what topic, place, or issue is meaningful to them. But once you have honed in on the type or charity you want to support, how do you determine that your money will be used effectively?
It turns out that only 35 percent of donors do any research before making a contribution. Fortunately with the internet, it has become a lot easier to investigate the legitimacy of organizations and how they use their donations. Typically, you should look for charities where 65 to 75 percent of their budget supports the cause with 25 to 35 percent going toward administrative expenses. Below are several websites that can help you navigate the field. If you know the name of the organization you are considering, type it into the database and review the information. Many of these sites also have cause categories you can browse to help identify a group that meets your areas of interest and your standards.
- American Institute of Philanthropy
- Better Business Bureau’s Wise Giving Alliance
- Center for High Impact Philanthropy
- Charity Navigator
- Give Well
© YesKidzCan!, 2012