On February 16, 2025 By newsroom Topic: Money Safety
Not all charities efficiently use donations to support veterans. Follow these steps to ensure your contribution goes to a credible and effective organization.
Use trusted resources to evaluate a charity's financial transparency and effectiveness:
- CharityWatch
- Charity Navigator
- BBB Wise Giving Alliance
Tip: Aim for charities with consistently high ratings across all platforms.
If a charity isn’t listed by watchdogs, conduct your own research:
- Review their website for:
- Mission statement.
- Board of directors.
- Financial reports, especially IRS Form 990.
- Red Flags: Missing or unclear information indicates a lack of transparency.
Tip: Use platforms like GuideStar (free registration) to access IRS Form 990.
Ensure the organization aligns with your goals:
- Example:
- Homes for Our Troops: Builds homes for severely injured veterans.
- Wounded Warriors Family Support: Assists families of wounded, injured, or killed service members.
Charity telemarketers often take a large cut of donations:
- Use calls as prompts to investigate the charity further.
- Donate directly through the charity’s website if you choose to support it.
Not all nonprofits qualify for tax deductions:
- Check the charity’s website for tax status.
- Cross-reference with the IRS Tax Exempt Organization Search for certainty.
Support veterans responsibly by researching charities thoroughly and prioritizing those that are transparent, effective, and aligned with your values.
