Things to Consider When Donating Money to an NGO
Things to Consider When Donating Money to an NGO
Donating to an NGO is not only beneficial for the organization, but it also gives the donor a feeling of happiness and fulfillment. Extending financial support to a charity organization that works for the welfare of the underprivileged section is a great way to do your bit for society. Most people want to donate to an NGO, but they feel unsure about giving away their hard-earned money as they are not certain about the reliability of NGOs. So, before you make a donation for disabled or for children education from underprivileged section or support any other cause, you need to ensure that your donation is going in the right hands to help the needy.
Mentioned below are a few things you need to consider when donating money to an NGO.
Select an Important Cause
While some NGOs work for the health and medical support for disabled from underprivileged people, others are committed to providing educational support and food provision for poor children. Each donor has a certain cause that they care about and want to do their bit. So, first, you need to recognize the basis or cause that you wish to support. It will allow you to choose the right NGO working in that particular field.
Know about the Goal
One of the most important things you have to be careful about is researching the goal and mission of the charity organization. It is wise to spend some time checking the NGO website and collecting details about their mission and the causes they support. Rather than giving your money blindly to an NGO, you should research and follow your instincts. Remember, marketing campaigns tell a lot of things about the goals of the company, so check them before donating money. Once you know about their commitments and how they do their charity work, it will give you a sense of assurance when donating money.
Privacy and Protection
Most people prefer donating money to a charity without talking about the same. They do not want to get featured on the front page of the newspaper and magazine whenever they donate a certain amount of money to an NGO. So, you must keep the confidentiality aspect in mind and ask about the process. As you will be providing sensitive financial details, the NGO must have a safe mode to protect your information.
Ensure the NGO is Registered
A crucial step when donating money to a charity is to ensure that it is a registered NGO. Remember, there is a big difference between a simple non-profit organization and NGO that has charitable status. A charitable organization provides donors with receipts for income tax purposes. So, you will get a donation deduction under 80g of the Income Tax Act. Donating to a registered NGO also means that you will be giving money to a credible charity organization. The NGO will provide you with all the information to help you make a wise decision.
So, these are a few things you have to consider when donating money to a charity organization. If you also donate to NGOs that send you an appeal for support, you can consider these organizations. With a little research, you can find many local and national level NGOs that work for humanity.