the staff of the Ridgewood blog
Roseland NJ, Many New Jersey residents want to help besieged Ukrainians amidst Russia’s invasion by contributing to charities, but the New Jersey Society of CPAs (NJCPA) is warning that scammers also want to help — they want to help themselves to donors’ money.
https://wefunder.com/the.king.
Taking the time to research charities can help donors make certain that their donations are being used for the intended purpose.
The first step is determining whether the charity is a Sec. 501(c)(3) not-for-profit organization. The IRS’s exempt organization search can assist with that. You can also search for a charity via the New Jersey Division of Consumer Affairs.
The GuideStar and Charity Navigator websites offer additional information. GuideStar provides access to recent IRS Form 990, Return of Organization Exempt From Income Tax, filings, which can be used to gauge how much a not-for-profit spends on programs.
Charity Navigator and other organizations rate charities on a number of criteria, but if you’re researching this carefully, it’s worth a careful check of their methodology to make sure you know what the ratings are based on.
Experts advise that money should never be donated over the phone, links in email solicitations should not be clicked, and high-pressure tactics seeking to get you to pay immediately are a sign of danger. Other tips include:
- Slow down. You don’t have to give immediately. It’s worth repeating that doing some upfront research can potentially spare you headaches down the road.
- Make sure you’re visiting the correct website when donating. Again, GuideStar and Charity Navigator can help. Rather than clicking on a link, you would be wise to go to a reputable site to get the URL and then type it in manually.
- Know who’s asking. Don’t assume a request to donate is legitimate because a friend posted it on social media. Your friend might not personally know the charity or how it spends money.
- Don’t pay with cash or a debit card. A credit card provides more security.
- After donating, check your accounts regularly. Look for any suspicious activity or unauthorized charges and set up notifications, through your bank or a banking app, that will track your credit card transactions and alert you to account activity.
If you believe you are the victim of a scam, contact your financial institution to put a hold on your credit card and notify the attorney general in your state, then file a complaint with the FBI’s Internet Crime Complaint Center.
The New Jersey Society of Certified Public Accountants (NJCPA), with more than 13,000 members, represents the interests of the accounting profession and advances the financial well-being of the people of New Jersey. The NJCPA plays a leadership role in supporting the profession by providing members with educational resources, access to shared knowledge and a continuing effort to create and expand professional opportunities. Visit njcpa.org.
