Plan your Giving. Be informed, keep records and ask questions.
Tips for Giving Wisely
Budget and Be Informed
Plan your philanthropic activities right into your budget just as you would other financial obligations. Don’t be afraid to ask questions when you’re asked to give, including the specific name of the solicitor and his or her relationship to the organization, how much of your gift will be used for overhead, the specific projects the money will go toward, and other important information. Give only when you feel comfortable that your dollars will be going to support an organization you know and believe in. You can research Central Florida’s nonprofit organizations by using Guide Star, www.guidestar.org.
Keep The Right Records
For gifts you make to your charitable fund you will receive from us a properly worded receipt as a confirmation of these tax-deductible contributions. Gifts made from your fund will not be recognized with a receipt, as you have already received the deduction and thank you for the original gift.
Ask About Matching Gifts
Many employers match gifts made by their employees or make grants to organizations recommended by employees. Be sure to ask your company if it can help your gift to stretch even further. Remember, your gift can be confidential. If you prefer to have gifts from your charitable fund remain confidential, please let us know.
Consider Alternative Forms of Giving
Don’t overlook the benefits you and your cause can receive from bequests, charitable gift annuities, gifts in kind, endowments, and many other creative forms of giving. Ask your tax adviser or attorney to help create the best plan for you and your family.
In addition to financial support, consider giving your time and skills. Not only will you help the organization, but you’ll also make contacts, hone your skills, and learn more about the charitable cause to which you’re committing your time and money.
Don’t Forget You Have The Right To Say No
Give generously when you can, but if you’re unsure or feel uncomfortable—or if an organization simply falls outside your plan for giving—don’t be afraid to say no. Or, ask for more information and take more time to think before making your decision.
Be A Proactive Giver
You don’t have to wait to be asked. Plan a giving strategy in advance. Consult with our staff about how your gifts can be most effectively used and where you can make a real difference in the community.
Once you’ve carefully considered these tips and have decided to create a fund with the Community Foundation of East Central Florida, you can get started by contacting our staff at 386-734-4075.