Charities around America can be a great way for us all to join our strengths together and fight for a cause. Golden Financial Services believes that a portion of your life should be dedicated to helping others.

Not all charities are good. Of course to find reputable charities you can always check out the charity with the Better Business Bureau (BBB).

However, not all charities are listed with the BBB.

On this page, we will give you some tips that will help you to be smart about choosing charities, and ensure that you are never misled into donating to a charity that profits off the money donated or a scam charity for that matter.

How to find reputable charities?

1. The definition of a “Charitable Organization” according to the Wikipedia, is “a type of non-profit organization formed for charitable purposes”. Therefore it is important to know that the charity is approved by whatever organization they are claiming to represent.  For example, we started “Kick Cancer in the Butt”.  Our charity raises money for Memorial Sloan-Kettering Cancer Center in New York.  We were approved by the hospital. We can provide documentation showing this.   If a charity cannot provide documentation showing that they are approved by the “organization” they are raising money for, then that could be a red light.

2.  Financial Records – A charity should provide financial proof on their website of where every dollar donated goes. Every dollar should be accounted for.  If you see a charity put only 40% of the money towards the cause or even 50% of the money towards the cause, this is a red light.  80% or more of the money should go towards the cause, according to Golden Financial Services.  20% or less of the money raised, should go towards expenses.  Charities like Red Cross spend about 9 cents out of every dollar, on expenses. 

However, CharityWatch says “no more than 40%” of the money raised by a charity should go towards expenses.  We believe that is a little high.  Whatever the case is, just make sure that you look at a detailed financial statement or report illustrating where every dollar went to.  If you are not comfortable with that report, then move on.

Here are a few Good Charities that we Recommend. 

1. St. Jude Children’s Hospital Here you can visit their website.  This hospital focuses on finding cures and better treatment for children with cancer.

2.  Food Drives – Most towns or local areas to you will have a food drive where they give food to the poor.  Food drives always need more food and volunteer help to give out the food.  Food drives usually will give out food once per month, and some will do it every week.  Google your “area food drive” and you will find the food drive closest to you.

3.  Rady Children’s Hospital in San Diego – A hospital that provides cancer cures and treatment for children.  Here is their website.

They have a Ronald McDonald House as part of the hospital where families can stay while their children are at the hospital.  It is a beautiful facility, with hotel-like rooms, and it really eases the stress, on top of the obvious stress of someone’s child having cancer.  

4.  Memorial Sloan-Kettering Cancer Center in New York The largest cancer center in the world.  They provide the newest clinical trials and the most effective treatment for all cancer patients.   Golden Financial Services created a charity called Kick Cancer in the Butt”.

We are having our first 5k and 10k run/walk in 2014, where 100% of the proceeds will go to Memorial Sloan-Kettering Cancer Center in New York.  We obviously believe this to be one of the best hospitals in the world.

To view additional San Diego Churches and Charities that we recommend visiting here. To learn more about Golden Financial Services and our credit card relief programs visit this page next.