Fundraising efforts have begun after last week’s devastating fire that destroyed much of the famous and historically important Cathedral of Notre Dame in Paris. Many generous people decided to donate money toward rebuilding efforts. However, you should be careful because scammers are ready to take donations too.
Here are some tips to consider before you will donate to an organization:
- Research the organization first.Search online for the name of the organization plus the word “complaint” or “scam.” Read what others say the about the organization.These organizationscan also help your research.
- It’s important to ask questions. If you get a call from someone asking for money to help rebuild the Cathedral, ask them how exactly your money will be used. Do some research before donating to any organization you are not familiar with.
- Crowdfunding sites may not monitor how donations are spent. Research any charity before you give. Online fundraisers should tell you who gets your donation and how your money gets to the charity. They should also tell you if they keep any part of your donation as a fee.
- Donations to foreign organizations generally are not tax deductible. Iftax deductions are important to you, make sure the group is established in the U.S. Check the IRS’s Tax Exempt Organization Searchto see if your donation would be tax deductible. Remember that donations to individuals, like in crowdfunding sites, are not tax deductible.
If you need more information and tips on how to donate go to FTC.gov/Charity.
