(1888PressRelease)
July 25, 2008 - With more than 5,300 charitable organizations in America alone, it can be difficult to discern where your charitable donation would do the most good. Rodman & Rodman recommends that donors research charitable organizations through Charity Navigator before making contributions.
Charity Navigator, an independent charity evaluator found at charitynavigator.org, can help charitable donors better understand how charities work – from how much of a charity’s revenue is expended on programs, to how efficient a charity is, to the services the charity delivers.
Rodman & Rodman also advises charitable donors to:
• Check that the charitable organization status is 501(c)(3). This status is granted to organizations by the IRS which it has determined to qualify as a charitable organization under their strict guidelines.
• Do your homework and check the financial solvency of the charitable organization by reviewing the organization’s financial records.
• Save all acknowledgements; receipts or cancelled check(s) from donations you have made for tax filing purposes.
“Oftentimes emotion is the motivating factor for individuals when it comes to choosing a charity in which to donate. But, before writing a check, donors may be interested to know where their money is really going. There are charities out there that always seem to need money, yet it may not be due to reduced contributions. It may be due to inefficient operations,” noted Steven P. Rodman, CPA, MST, president of Rodman & Rodman. “We recommend that charitable donors visit charitynavigator.org, where they will find in-depth information about where their charitable donation is going.”
Rodman & Rodman, P.C.
Founded in 1961, Rodman & Rodman, P.C. provides accounting, tax and business services to small and medium-sized companies throughout New England. With a focus on strategic planning, Rodman & Rodman goes beyond traditional accounting services and takes a proactive approach when serving clients to increase, preserve and sustain clients’ financial net worth.
From business valuations, taxation, audits, fraud detection and prevention services and succession planning to a variety of accounting IT services including software selection, implementation and training, the team at Rodman & Rodman serves as comprehensive advisors to clients. For individual clients, the company offers personal advisory services such as planning for real estate transactions, obtaining financing, estate planning and retirement planning as well as planning for college education. Rodman & Rodman Certified Public Accountants are located at 3 Newton Executive Park in Newton, Mass. For more information, visit their website at www.rodmancpa.com or contact Jen Reading at (617) 965-5959.
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