Teaching Kids to Donate Wisely | Part II
The holidays are a great time to teach kids about charitable giving. If they get an allowance or earn money from chores, you can encourage them to donate to a cause of their choosing. But help them learn to give with their heads as well as their hearts. Teach them how to identify legitimate charities, and how to avoid the many scam artists posing as charities this time of year.
PARENTS: Teach Your Kids About Donating to a Charity
As a parent, you want to teach your children that the holidays are about more than the number of presents under the tree. The holidays are about giving too, and a great way teach your children that lesson is to help them donate part of their allowance to a charity of their choice.
Begin by researching charities together. Find a cause you support or an organization that works on something you are passionate about. There are lots of groups big and small, national and local, that could use your donation, so make sure you help your child pick something that has meaning to them.
You can verify that a charity is legitimate by checking with one of the many organizations that keep an eye on charities, such as the Better Business Bureau or GuideStar. Remember, that not all charities are listed, especially newer, smaller ones, and if the charity you’re interested in supporting isn’t listed, you can request more information from that charity. If you ask, a legitimate charity will send you their mission statement and a description of how they use donations. If anything about a charity makes you uneasy, trust your gut and help your child pick a different organization to support.
Check to make sure your donation is tax-deductible by asking for a receipt that clearly states the amount you donated can be deducted and explain what that means to your child. You want to help them understand the whole process of donating and possible tax deductions are a part of that.
When you’re ready to make the donation, write a check instead of sending cash. Cash can get easily lost or stolen. Have your child give you the cash amount of the donation and then you can write a check for them.
Take the time to teach your child the importance of giving back this holiday season by donating to an organization your family supports. With these tips from Kids.gov, you can select a charity that will put your donation to good use.