7 Signs The Charity isn’t Legit

When natural disasters strike, people are quick to open their hearts as well as their wallets to help out those in need. But it is always important to remain vigilant of individuals or groups that are ouDavid Mantekt there to steal your well-intended donations.

With the devastating earthquake that struck Nepal earlier this month, the outpour of support around the world has been incredibly and very welcomed. But it is during times like this that donors can become careless in an effort to help as quickly as possible. Understandably, time is of the essence when it comes to situations like those currently faced by the people of Nepal but the best and speedier help can come from well-established charitable organization.

If a person wants to help out the thousands displaced by the earthquake, H. Art Taylor, president and CEO of the Wise Giving Alliance of the Better Business Bureau, recommends giving to established organizations that already maintain a presence in the affected area.

Along with that, the Wise Giving Alliance has some signs that donors should look out for to discern legit charities from those that may have ill-intentions:

1. Only accepting cash donations or wire transfers

2. Can’t breakdown how donations will be used

3. Can’t verify their nonprofit status

  • It is important to note that legitimate nonprofit organizations, in order to maintain their status, have to make public a wealth of information regarding their operations, assets, employee salaries, and security. This information is easily accessible through organizations that track charities.

4. The name sounds like the name of an already established org.

5. Puts pressure on donating immediately

6. Requests donations over the phone

7. Little to no proven track record

Source: http://www.cheatsheet.com/personal-finance/7-signs-that-the-charity-youre-donating-to-isnt-legit.html/?a=viewall