If a mutual fund sales rep called during dinner to give you his spiel, you’d probably hang up or insist that he send a prospectus outlining the fund’s management, portfolio and performance relative to its peers. A group of former hedge fund managers, tech entrepreneurs and academics have applied the same no-nonsense approach to philanthropy.
Charity fund-raising reaches a fever pitch in the holiday season — and your mailbox will likely be stuffed with appeals for help. Before you open your wallet, you need to understand the complex IRS record-keeping and other rules. Also, make sure the charity is eligible to receive tax-deductible contributions. Search the IRS database of exempt
Lending your financial support to worthy causes feels good – until you feel sapped by frequent requests. Learn how to decline a request or solicit donations from others without overstepping boundaries, and give money in a way that’s meaningful. My friend asked me to contribute to a film project he is crowdfunding, but I would