Experts urge charitable Bronx residents to use caution
(11/24/05) THE BRONX ? Representatives of the Better Business Bureau want Bronx residents to be cautious with their charitable donations this holiday season.
According to Better Business Bureau officials, scammers often use holiday goodwill to take money from unsuspecting individuals. In order to make sure donations go where they?re supposed to, residents should not be afraid to ask questions of any charitable organization. Those wishing to donate should ask for an organization?s annual report, its 990 report and a copy of its financial audit.
Representatives of not-for-profit charities say all three items are public records and should be made freely available to prospective donors. Better Business Bureau officials warn residents to be cautious of any charity that does not openly offer the documents. In addition, experts say donors should be weary of any organization whose donations are not tax-deductible.
Related link: Better Business Bureau