PFL #14 Charitable Giving

An organization that is more focused on the service it provides than on making money is a _____ organization.

• nonprofit
• poorly managed
• for-profit
• bankrupt

Before volunteering for an organization,

• ask how much they will pay you.
• make sure they know you are busy and you will work when you have nothing else to do.
• make sure you can keep your commitment to them.
• ask if they have other volunteers your age.

Which one of these statements is good advice to follow when evaluating a charitable organization?

• If you get an e-mail from an organization you do not know, click on the link in the e-mail to find out more information.
• Check out an organization’s mission before making a donation.
• Be sure the president or director of the organization is well paid before making a donation.
• Contribute only to organizations using professional fundraisers.

You can go online to check out charitable organizations at which of the following Web sites?

• Guidestart.com
• Gradstare.com
• Guidestar.org
• Giftgivers.org

Depending upon your level of income, you

• have the right to deduct all of your donations from your personal income tax.
• can avoid paying any personal income taxes if you donate enough money to charitable organizations.
• may be able to deduct all or part of your donations from your personal income taxes.
• may need to increase deductions to offset the cost of making cash contributions to charitable organizations.

Charitable contributions

• should be a part of your budget or monthly spending plan.
• are a personal matter and should not be included in a budget or financial plan.
• have a negative impact on your budget and should be avoided.
• Should be a low priority unless you have a lot of money to throw around.

In-kind contributions refers to

• giving your time to charitable organizations.
• giving to people when working with charitable organizations.
• donating things you do not need to an organization.
• donating items of value to the receiving organization.

Most people make charitable contributions because

• they want to feel appreciated.
• it makes them feel good when they do.
• it makes them look good in the community.
• they want to avoid paying personal income tax.

Charitable contributions come in many forms, including all of the following EXCEPT

• donating personal property.
• paying someone to work in your place.
• volunteering your time.
• making cash donations.

Which of the following provides the MOST reliable information about a charitable organization?

• Speaking with the president or director about the mission of the organization.
• Visiting the organization’s Web site.
• Reading the materials mailed out by the organization.
• Checking out the organization on one of the philanthropy Web sites such as guidestar.org.