© Oklahoma State Department of Education. All rights reserved.1 Charitable Contributions Standard 14.1 Charitable Giving

1.1. Identify types of charitable giving (e.g., monetary gifts, gifts-in-kind, and volunteer service) Describe the impact of charitable giving on the individual (e.g., budget, time, personal satisfaction, tax benefits) and the community. 1.3 Identify tools to research a charitable organization’s mission/purpose, activities, and recipients (e.g., specific organizations’ Web sites, Guidestar®, and regulatory agencies). 2 © Oklahoma State Department of Education. All rights reserved.

Charitable Giving Charitable Giving The act of * to charitable organization or to those in * 3 © Oklahoma State Department of Education. All rights reserved.

Charitable Giving Giving back to society is part of being a * citizen and should be part of a * plan. 4 © Oklahoma State Department of Education. All rights reserved.

Charitable Giving Andrew Carnegie ◦ One of the most famous American philanthropists (charity donor) ◦ Donated fund for libraries across our country “People have a moral obligation to give to others during their lifetime.” © Oklahoma State Department of Education. All rights reserved.5

Why Do People Give? Reduce * suffering © Oklahoma State Department of Education. All rights reserved.6

Why Do People Give Promote * © Oklahoma State Department of Education. All rights reserved.7

Why Do People Give? Building a sense of * © Oklahoma State Department of Education. All rights reserved.8

Why Do People Give? Supporting Human * and * © Oklahoma State Department of Education. All rights reserved.9

Why Do People Give? Advancing Experimentation and * © Oklahoma State Department of Education. All rights reserved.10

Why Do People Give? * Progress © Oklahoma State Department of Education. All rights reserved.11

Types of Charitable Contributions * Tithing Total cash donations were $295 billion in 2006 * Items of Value * Your time and talents 12 © Oklahoma State Department of Education. All rights reserved.

Gifts In-Kind A non-cash contribution to a charitable organization which can be given a cash value ◦ Used * © Oklahoma State Department of Education. All rights reserved.13

Costs and Benefits of Giving Benefits ◦ Make you feel * ◦ Helping * ◦ * deductions Costs ◦ Takes * ◦ Can be expensive, especially if * planned ◦ Can be * or implusive expenses 14 © Oklahoma State Department of Education. All rights reserved.

Tax Deduction An * that a taxpayer can * from taxable income ◦ Examples  Home mortgage interest  Charitable gifts © Oklahoma State Department of Education. All rights reserved.15

Tax Deductions Can be an * to donate Not * contributions qualify for deductions ◦ Check with the IRS © Oklahoma State Department of Education. All rights reserved.16

Cost/Benefit Analysis Risk/Reward Relationship A * used to choose among alternatives involves weighing the * of a product or service against the * it will provide © Oklahoma State Department of Education. All rights reserved.17

Costs/Benefits Giving *, money or other resources ◦ * longer available to you Feeling * about your decision to help the organization or the * it serves © Oklahoma State Department of Education. All rights reserved.18

Charitable Contributions Become a part of your * monthly expenses ◦ Otherwise, they can become * or * decision and have a negative impact on your personal finances © Oklahoma State Department of Education. All rights reserved.19

Earnings Earnings Charitable organizations provide * services. People give to * organizations for a variety of reasons. Charitable contributions * others. Charitable contributions include cash, * and volunteering. Charitable contributions should be part of your * spending, not an emotional or impulsive decision. 20 © Oklahoma State Department of Education. All rights reserved.

21 Charitable Organizations Standard 14.2 Charitable Giving

Payoff Payoff Identify the reasons to research charitable organizations. Explain how to research charitable organizations. Use the PACED model to evaluate a charitable organization. 22 © Oklahoma State Department of Education. All rights reserved.

Philanthropy Philanthropy Philanthropy means “* to others.” The goal is to * others in some way. People tend to be *. © Oklahoma State Department of Education. All rights reserved.23

Scammers Scammers Take *of this situation. They * the money for themselves instead of using it to * others.  If caught, they will be *.  If found guilty, they face fines and/or *. © Oklahoma State Department of Education. All rights reserved.24

BE AN * CONTRIBUTOR MAXIMUM BENEFIT FROM YOUR GIFT © Oklahoma State Department of Education. All rights reserved.25

Nonprofit Organization Nonprofit Organization A * organization providing services or activities without commercial or monetary *; organized for purposes * than earning a * © Oklahoma State Department of Education. All rights reserved.26

Evaluating Non-profit Organizations How do you know they are doing what they say they will do? How do you know where your money really goes? What questions should you ask? What are reliable sources of information? 27 © Oklahoma State Department of Education. All rights reserved.

Be sure you are donating to a * charity and not just a good “*.” To get the most for your money © Oklahoma State Department of Education. All rights reserved.28

A Good Organization Spend at least * of all money raised to support its programs Remaining * would pay for salaries and other administrative costs © Oklahoma State Department of Education. All rights reserved.29

Question to ask before contributing? Do you * the organization’s purpose and the programs it provides? © Oklahoma State Department of Education. All rights reserved.30

Question to ask before contributing? Do know * this organization is needed? © Oklahoma State Department of Education. All rights reserved.31

Question to ask before contributing? Can you * the organization’s short-term and long- term goals? © Oklahoma State Department of Education. All rights reserved.32

Question to ask before contributing? Do you know how it is * toward those goals. © Oklahoma State Department of Education. All rights reserved.33

Question to ask before contributing? Does the information from the organization make * to you? © Oklahoma State Department of Education. All rights reserved.34

Question to ask before contributing? Can someone in the organization * your questions? © Oklahoma State Department of Education. All rights reserved.35

Question to ask before contributing? Are you willing to build a * relationship with this organization? © Oklahoma State Department of Education. All rights reserved.36

Question to ask before contributing? Are you * with what the organization is planning to do and what it has done in the past? © Oklahoma State Department of Education. All rights reserved.37

Making Good Choices About Giving Avoid responding to * asking for contributions. Could be a * to get your credit card number and use it * Part of your money will go to pay the telemarketer Better to make a donation * to the organization 38 © Oklahoma State Department of Education. All rights reserved.

Making Good Choices About Giving Never * to s asking for money. More than likely, it is a *! Did you give your address to this organization? 39 © Oklahoma State Department of Education. All rights reserved.

Making Good Choices About Giving Beware of “*” names. 40 © Oklahoma State Department of Education. All rights reserved.

Making Good Choices About Giving Be * where you contribute, such as cash in * by the cash register. It is better to contact the organization and send them a check * 41 © Oklahoma State Department of Education. All rights reserved.

Making Good Choices About Giving Check out organizations *. 42 © Oklahoma State Department of Education. All rights reserved.

Making Good Choices About Giving Reliable Sources © Oklahoma State Department of Education. All rights reserved.

Volunteering One of the most * contributions you can make © Oklahoma State Department of Education. All rights reserved.44

Volunteering Fun Can meet * people Build * Help others meet their * Makes you feel * © Oklahoma State Department of Education. All rights reserved.45

Earnings Earnings Because your resources are *, you need to make * choices about charitable organizations. *out a group before you get involved or before you contribute. Uniformed choices can be *. 46 © Oklahoma State Department of Education. All rights reserved.