Are Your Charitable Donations Being Spent Wisely?
Criticism of the lack of relief spending by Haiti aid groups highlights the need to check whether your giving is getting results.
It's been a year since an earthquake turned much of Haiti's capital to ruins and Americans generously gave nearly $2 billion to charities to help provide relief to the island nation. Yet, according to a report by Charity Navigator, nearly two-thirds of the money donated for relief efforts remains unspent.
While some say the charities should have spent more by now to do more, others say relief organizations have acted properly by not rushing to dole out cash (see an NPR report on aid groups' critics and defenders). Regardless of where you stand on the matter, it's a reminder to keep tabs on how the charities you give to use your gifts -- and to always check out groups before you donate to them.
Charity Navigator is a great source of information about how charities spend their money. You also can check out charities at the Better Business Bureau's Web site.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Also use our checklist for evaluating a charity's spending and finances to see whether you should take your donation elsewhere.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
Award-winning journalist, speaker, family finance expert, and author of Mom and Dad, We Need to Talk.
Cameron Huddleston wrote the daily "Kip Tips" column for Kiplinger.com. She joined Kiplinger in 2001 after graduating from American University with an MA in economic journalism.
-
Stock Market Today: Stocks End Higher in Whipsaw Session
The main indexes were volatile Thursday with Nvidia earnings in focus.
By Karee Venema Published
-
Trump Picks Dr. Oz as Head of Medicare and Medicaid
President-elect Donald Trump picked Dr. Mehmet Oz to lead the Centers for Medicare and Medicaid Services. Here's what to know about the former TV host.
By Kathryn Pomroy Published
-
Skip the Sales Tax
taxes Save money back-to-school shopping in 17 states with sales tax holidays this summer.
By Rivan V. Stinson Published
-
What to Do If Someone Files a Tax Return in Your Name
Scams Take these steps if you think you're a victim of tax fraud.
By Cameron Huddleston Published
-
2014 Sales Tax Holidays for Back-to-School Shopping
Tax Breaks You can shop tax-free for clothing, computers, school supplies and more on certain days in these 16 states.
By Cameron Huddleston Published
-
How I Dodged a Phony IRS Tax Scam
Scams Here's what I did to avoid becoming a victim when someone called and tried to rip me off.
By Cameron Huddleston Published
-
Traveling? Better Budget for Taxes
Travel You’ll pay plenty for hotels, rental cars and restaurant meals.
By Sandra Block Published
-
IRS Warns of E-mail Tax Scam
Scams Watch out for bogus e-mails claiming there's a problem with your 2013 tax return.
By Cameron Huddleston Published
-
IRS Has $760 Million in Unclaimed Refunds
taxes Here's how to find out if you're owed money and how to claim it.
By Cameron Huddleston Published
-
How to Avoid Tax Scams
Scams Take these steps to lower your risk of becoming a victim of fraud or identity theft during tax season.
By Cameron Huddleston Published