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

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

Dec 13, 2023 233 likes •649 views

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

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Making intentional impact with compassion and confidence

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Tradition, Values, beliefs Dedication to a cause Relationship to the agency

Somebody Asked

Tax deduction Responsible Citizenship Casual - as things come up Desire to make a difference Participate in Community Personal branding To give back / recipient

  • f services

Makes us happy Cope with tragedy Set an example for others Support workplace giving Self esteem, belonging, self- Actualization Healing Pursuit of meaning and purpose Leave a legacy Notoriety / recognition Feel empowered Emotional experience Be a good person To right wrongs Know it matters

Why do we give?

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

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  • How to research charities
  • Protect yourself from scams
  • 1. Intentional - Planned and Researched
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Giving to a responsible agency/program increases meaningful impact.

Value of the donor’s dollar Address the core issue Accountability and transparency

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

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Why is that charity executive making so much money?

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

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Should always be substantiated by evidence of impact.

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Cold-Calling / Emailing Charity Information unavailable

EIN, mission, goals, impact, links to annual report, 990, etc.

No History / Longevity (esp. response/relief efforts) Name closely resembles well-known charity name

  • r name is

generic High-pressure tactics Asks for banking / cc info over the phone Asks for donations in cash You have to pay to get a prize or donate in return for a chance to win a prize Bad-mouths another charity

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

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

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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”

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Campaign Manager / Responsible office Compliance, Ethics, and Risk Employee Relations (Human Resources) UCF Police / Victim Services Information Security

  • 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.

Reporting Options

UCF Campaigns – Donor benefits & Protections

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*Payroll deduction opportunities

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

UCF Campaigns – Planning Ahead

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

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What should you ask a charity?

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  • Identify your passions
  • Making a donor Budget
  • Other ways to make a difference
  • 2. Budgeted - Realistic and Meaningful
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Panhandlers and cold-callers People asking for help A friend’s cause

  • r campaign

Organization you’re a member

  • f calls you

RAK In-Kind donation drives Give at church Price-up campaigns at stores Holiday campaigns Sponsor heart walk walker Bell ringers Attend a charity event Coins in a box (pet rescue, RMH, etc) Natural disaster fund Gas, mileage,

  • ther volunteer

expenses Contribute homemade food Give homeless person a new coat Donate to a scholarship fund Support a friend’s surgery fundraiser Donate at a charity tour or function Workplace giving campaign Person in line short on bill Kids at Publix raising $ for a class trip Send flowers to a woman’s shelter Text to donate campaigns

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Bureau of Labor Statistics, bls.gov, Consumer Expenditures Report

A household with an average total income of around $70,000 will give $1,900 a year.

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Adjusted Gross Income (AGI) Approx Avg Amt % of AGI

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%

IRS Statistics of Income, 2014

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Smart Giving.

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One pack of Smarties = $300 One Smartie = $20

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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

What is tax deductible?

https://apps.irs.gov/app/eos/

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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

What is tax deductible?

https://www.irs.gov/pub/irs-pdf/p526.pdf

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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

https://www.irs.gov/pub/irs-pdf/p526.pdf

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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.

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hfuw.org/gethelp

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Reduce waste Helps you organize Doesn’t cost you extra money Still tax-deductible (sometimes)

BOGO –

Sticking to your budget: In-Kind Donations

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Buy one, Give one!

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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

Sticking to your budget: Other ways to give

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  • ROI (Return on Investment)
  • 3. Reviewed - Confirmed and Accountable
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Intentional. Planned and Researched Budgeted. Realistic and Meaningful Reviewed. Confirmed and Accountable Making the greatest possible impact.

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  • 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?
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