In the outpouring of private aid in response to the earthquake in Haiti last week, there are the inevitable scammers who seek to cash in on others’ generosity. In response to this eventuality, Investment News is reporting that advisers are recommending that their clients give to well known organizations. Further, advisers are asking clients to exercise caution when dealing with telemarketers soliciting a donation.
When it comes to your assets, checking into where your donation is going is equally advisable as checking into a potential broker to oversee your accounts; in either situation, you want to know where your money is going. Should you make a donation, remember to request documentation of your donation and have copies for tax purposes. If anything has been shown over the past two year, it is that when money changes hands there are those who are out to take advantage of good will and trust.
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