Deborah Badillo, CFP®
Client Advisor
February 7, 2023

Our MEIRA clients are increasingly utilizing charitable giving by donating to charities through Qualified Charitable Distributions (QCDs) from their IRA Investment accounts (if you’d like to learn more, please let us know). In some cases, we’ve had clients who wanted assistance in identifying a charitable organization, so I developed a bit of a how-to-guide below.

Researching the Right Charity

One way to research charities is by utilizing credible online resources. The three most common websites to search are:

  1. (a Better Business Bureau giving alliance)

Why research a charity? There are many factors that you’ll want to consider when donating to a charity and you do not want to donate by name alone. By doing the proper amount of research and due diligence, you can ensure that the money you donate is used more toward the charitable cause that you’d like to support (instead of going predominantly to fund company overhead costs, for example).

Some organizations may spend too much on administrative and fundraising marketing costs or are outright scams. Keep in mind that anywhere from 0% to 50% or more of your donation can go to cover business overhead and not directly to the cause.  

Charitable Endowments

A recent NPR article I read on charities highlighted charitable endowments. One gauge of the success of a charity (and its overall management) can be how much the charity raises each year that goes into an endowment to fund the charity versus going directly to fund operating expenses. By doing a proper level of diligence, you can feel more confident that your money is going to a charity that deserves your assistance. 

Be sure to review the charity's own website for information, as well, so that you’re comfortable with the level of transparency that they offer about their services and process. Ask to speak with someone in development at the charity if you have questions that you can’t find answers to online.

Alternative Charities

Typically smaller and lesser-known non-profits, can be found online from rating groups such as:

Lastly, if the charity is local, visit and volunteer to make sure the donation feels right to you!

Clint McCalla, CFP®
Senior Client Advisor
January 16, 2024
Important Tax Updates for 2024
As tax season gets underway, please take a moment to review the included tax resource from the MEIRA Wealth team which reflects important updates for the 2024 tax year.
Linda Lubitz Boone, CFP®
October 18, 2023
Do You Know Someone Who is Living With Dementia?
Do you know someone who is living with Dementia? Or, do you think one day you may be a caregiver for someone who has Dementia—perhaps a parent, sibling or close friend? Or, do you believe your children may need to be a caregiver for you one day? We've created our Dementia and Caregiver Educational Series to help provide you with tools you'll need to face these challenges.
Linda Lubitz Boone, CFP®
September 5, 2023
Estate Planning From the Heart
I believe that life is about living well and dying well. Have you heard about the Conversation Project? I hadn’t until just recently when one of my favorite newspaper columnists, Ellen Goodman, resurfaced in a Google search about end-of-life issues. Many of you—in my age range—may be very familiar with Ellen, a Boston Globe and Pulitzer Prize winner whose columns chronicled social change and its impact on American life.
View all insights
We're committed partners, working alongside our clients to illuminate possibilities, create a financial roadmap, and help them pursue a quality life, reimagined.
Let's talk

Reimagining life's defining financial moments.  Together.®

LinkedIn Social Share Icon
(305) 670-4448
LinkedIn Social Share Icon