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So, What Would You Do With This Phone Call?

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phone_call.jpgYou answer the phone, and there’s this nice lady on the phone.

She says she works for Greenpeace and asks if you would like to make a donation to save the whales that are being killed in the Norwegian Sea.

Of course! You’ll help them fight these animal abusers!

You decide to donate $100 to the good cause—your savings for four months.

But hold it: how do you know if your money ends up at the right address?

 

 

If you’re really dealing with an organization like Greenpeace, you’re dealing with legit people. But did you know that a lot of these unsolicited phone calls have some risky details behind them?

A lot of charities outsource their fund raising and will allow these companies to take a percentage for doing so. Great idea, but unfortunately these solicitors don’t always play by the rules.

For instance, some of these companies that call you will not tell you that only 15% of your money actually goes to the charity. The other 85% ends up right in their pocket1!

So what should you do?

Ask the solicitor what percentage of your donation ends up at the actual charity.

By law these companies have to tell you how much they take in.

Of course disreputable companies won’t exactly tell you the truth, so play it simple. Big tip: Don’t donate on the phone. Ask the company to send you material about their group. Tell them you’ll mail your donation, if you like what they send you.

And here’s another heads up:

Many times, if you give to the disreputable callers, they sell your contact name and information to other disreputable groups.

Want to read other “scams” like these? Be sure to explore the “Nick’s News” section.

Good luck. Cheers, Will.


1 According to an article by HeraldNet.com

Web Links

January 2009

Did you recently get a new computer or other electronics and you don't know what to do with the old stuff. Then check out these sites:

Where Can I Donate or Recycle My Old Computer and Other Electronic Products? — This page from the Environmental Protection Agency can help you find a local program, manufacturer and retailer programs, and government-supported donation and recycling programs.

Electronics Reuse and Recycling Center from GreenerChoices.org — This site from Consumer Reports provides various information about what you can do with your old electronics including donating and recycling.

Federal Reserve Consumer Help
This site is loaded with information from the Federal Reserve Board. Learn more about checking accounts, credit reports, deposit insurance, electronic banking and more. Other sections include file a complaint, find an answer, and other resources.

Tax Tips for 2009
Beginning January 5th, the IRS will issue more than 70 tax tips through the April filing deadline. These easy-to-understand tips cover a wide range of topics.

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