Making intentional impact with compassion and confidence 1 Why do - PowerPoint PPT Presentation

Making intentional impact with compassion and confidence 1

Why do we give? Tradition, Relationship to Cope with Tax deduction Healing Values, beliefs the agency tragedy Pursuit of Somebody Responsible Set an example Dedication meaning and Asked Citizenship for others to a cause purpose Support Casual - as Desire to make Participate in workplace Leave a legacy things come up a difference Community giving To give back / Self esteem, Personal Notoriety / recipient Makes us happy belonging, self- branding recognition of services Actualization Be a good Feel Emotional Know it matters To right wrongs empowered experience person 2

Making the greatest possible impact. Intentional. Planned and Researched Budgeted. Realistic and Meaningful Reviewed. Confirmed and Accountable 3

1. Intentional - Planned and Researched • How to research charities • Protect yourself from scams 4

Giving to a responsible agency/program increases meaningful impact.  Value of the donor’s dollar  Address the core issue  Accountability and transparency 5

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Feeding the Homeless Food for the Homeless Feeds 100 people per day Feeds 50 people per day Admin cost: %6 Admin cost: %12 7

Why is that charity executive making so much money? 8

Good intention  good outcome. One-Way giving is harmful ____________________________ Solutions that identify and address core issues, and uplift and empower individuals, are more impactful. 9

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Should always be substantiated by evidence of impact. 12

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Cold-Calling / Emailing High-pressure tactics Bad-mouths No History / Longevity another Charity (esp. response/relief efforts) charity Information unavailable Asks for banking You have to pay Name closely / cc info over the to get a prize or resembles EIN, mission, phone donate in well-known goals, impact, Asks for return for a charity name links to annual report, 990, etc. donations in chance to win a or name is cash prize generic 14

National Association of State Charity Officials: http://www.nasconet.org Division of Consumer Services Office of the Attorney General (850) 410-3800 (866) 966-7226 (800) HELP-FLA (435-7352) 15

Infosec.ucf.edu 407-823-2711 infosec@ucf.edu 16

Tools for charity research  Talk to the charity – visit them if possible  Visit their website and social media sites  IRS Charity Verification  consumer.ftc.gov (search: charitable scams)  BBB Wise Giving Alliance  Charity Watch  Snopes.com  Charity Navigator  GuideStar Tip: Google charity name + “scam”, “complaint” 17

UCF Campaigns – Donor benefits & Protections • Where to give, how much to give, and how to give are your personal choice. • You should never feel coerced or manipulated into supporting a charitable event or campaign at UCF. Campaign Manager / Responsible office Reporting Compliance, Ethics, and Risk Options Employee Relations (Human Resources) UCF Police / Victim Services Information Security 18

UCF Campaigns – Planning Ahead January February March April May June I Believe Knight-Thon Relay for Life United Way Campaign* (Children’s (American Book Drive Miracle Cancer (local literacy Network) Society) initiatives) July August September October November December Heart Walk United Way Food Drives, Adopt a (American Campaign* Toy Drives Family/ Heart begin holiday Association) projects *Payroll deduction opportunities 19

GuideStar Rating: Platinum (highest rating) Charity Navigator Rating: 4 stars (highest rating) 20

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What should you ask a charity? 23

2. Budgeted - Realistic and Meaningful • Identify your passions • Making a donor Budget • Other ways to make a difference 24

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Give homeless Coins in a box Panhandlers and A friend’s cause RAK person a new (pet rescue, cold-callers or campaign coat RMH, etc) Organization People asking for In-Kind donation Natural disaster Donate to a you’re a member help drives fund scholarship fund of calls you Price-up Gas, mileage, Support a Holiday Give at church campaigns at other volunteer friend’s surgery campaigns stores expenses fundraiser Donate at a Attend a charity Sponsor heart Contribute charity tour or Bell ringers event walk walker homemade food function Kids at Publix Send flowers to Text to donate Workplace giving Person in line raising $ for a a woman’s campaign short on bill campaigns class trip shelter 26

A household with an average total income of around $70,000 will give $1,900 a year. Bureau of Labor Statistics, bls.gov, Consumer Expenditures Report 27

Adjusted Gross Income Approx Avg % of AGI (AGI) Amt IRS Statistics of Income, 2014 Up to $25,000 $1,800 12.3% $50,000 $2,500 6.8% $75,000 $2,900 4.8% $100,000 $3,300 3.8% $200,000 $4,100 3% $500,000 $7,400 2.6% 28

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Smart Giving. One pack of Smarties = $300 One Smartie = $20 30

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What is tax deductible?  Qualified organization  File Form 1040 and itemize deductions on Schedule A  Receiving a benefit – impact on value  Fair market value for item donation  Records required  Over $250  Over $500  Item/group of items over $5,000 https://apps.irs.gov/app/eos/ 32

What is tax deductible?  File Form 1040 and itemize deductions  Qualified organization  Receiving a benefit impacts deductibility  Fair market value for item donation Records required for taxes  All donations  A donation over $250  In-kind donation over $500  In-kind donation over $5,000 https://www.irs.gov/pub/irs-pdf/p526.pdf 33

What is NOT tax deductible? EXAMPLES:  A contribution to a specific individual  A contribution to a nonqualified organization  The value of your time or services  Your personal expenses 34 https://www.irs.gov/pub/irs-pdf/p526.pdf

Sticking to your budget: Panhandlers & other temptations  Refer to your budget  If safe, talk to the person.  What’s their story?  What are their real needs?  Refer them to United Way 2-1-1  Gotta do it? Envelope it. hfuw.org/gethelp 35

Sticking to your budget: In-Kind Donations  Reduce waste  Helps you organize  Doesn’t cost you extra money  Still tax-deductible (sometimes)  BOGO – B uy o ne, G ive o ne! 36

Sticking to your budget: Other ways to give  Give time & talent  Name a charity as a life insurance beneficiary  Donate blood or hair, become an organ donor  Write a letter to an at-risk youth, elderly person, or incarcerated person  Grow fruit & veggies in your garden to donate  Charity registry for your wedding or birthday  Help those around you 37

3. Reviewed - Confirmed and Accountable • ROI (Return on Investment) 38

Making the greatest possible impact. Intentional. Planned and Researched Budgeted. Realistic and Meaningful Reviewed. Confirmed and Accountable 39

• What resources can you use to research a charity? • What are some things to look for / ask a charity? • What does BOGO stand for? • What is the difference between Administrative Cost and Campaign Fee? • Other than money, how can you give back? • How do charities maximize the value of your donation? • If you suspect fraud, what should you do? 40

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