NEW STUDY: AMERICANS MISINFORMED BEFORE DONATING TO CHARITIES

BBB Wise Giving Alliance Data Shows Lack of Understanding, Scrutiny Amongst Donors

Memphis, Tenn., Dec. 2, 2014 – New data on how Americans donate to charities pinpoints a lack of donor understanding and the need for simple tools to help donors give wisely. The study reveals that Americans consider finances to be the most important indicator of trust, which is a misguided review of a nonprofit organization according to the BBB Wise Giving Alliance.

Americans would verify their trust in a charity by looking at:
• 46 percent said finances;
• 20 percent cite ethics;
• 14 percent use name recognition of the charity; and
• 11 percent said results.

In fact, no single measure can signal if a charity is trustworthy or not. Judging a charity by its overhead ratio or impact as sole barometers cannot accurately portray the overall performance and health of an organization.

“Donors using only one piece of information may have a false sense of confidence,” comments Art Taylor, president and CEO of BBB Wise Giving Alliance. “It is best to holistically review a charity before donating. That can seem like a large undertaking, but the BBB Wise Giving Alliance standards make it easy for donors to ensure they are giving their time and money to a trustworthy charity.”

The most important action a donor can take before donating is to check the trustworthiness of the charity. BBB Wise Giving Alliance evaluates charitable organizations on 20 holistic standards covering governance, effectiveness reporting, finances, appeal accuracy and other issues to assist donors in making informed giving decisions.

“At the National Foundation for Transplants, we’re honored to be an accredited charity with the BBB’s Wise Giving Alliance,” said Connie Gonitzke, President & CEO of the Memphis-based National Foundation for Transplants. “We pride ourselves on being good stewards of funds and making sure our patients receive the highest standard of assistance, and we appreciate the work the BBB is doing to make donors aware of how their gifts are helping.”

“At Give.org, we have done the work for donors with our rigorous evaluations,” adds Taylor. “Just look up a charity and quickly see if it is BBB accredited. In one easy step you will know if the charity is trustworthy.”

ABOUT BBB WISE GIVING ALLIANCE
BBB Wise Giving Alliance (BBB WGA) verifies the trustworthiness of nationally-soliciting charities by completing rigorous evaluations based on 20 holistic standards that address charity governance, effectiveness reporting, finances, fund raising, appeal accuracy and other issues. In support of this mission, local Better Business Bureaus report on regionally-soliciting charities. There is no charge to charities for the evaluation, and resulting reports are available at Give.org.

About NFT
NFT is a nonprofit 501(c)(3) organization based in Memphis, Tenn. that has been helping transplant patients overcome financial obstacles since 1983. NFT provides fundraising expertise to transplant patients by organizing fundraising campaigns in the patients’ own communities. NFT’s fundraising campaigns have generated nearly $70 million to assist patients. NFT assists more than 2,500 transplant candidates and recipients nationwide. For more information about NFT, please call 800-489-3863 or visit www.transplants.org.
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