Melvin Feller Discusses How You Can Become a Savvy Supporter of Your Favorite Charity

Melvin Feller Discusses How You Can Become a Savvy Supporter of Your Favorite Charity

Melvin Feller Business Group in Burkburnett Ministries and Dallas Texas and Lawton Oklahoma. Our mission is to call and equip a generation of Christian entrepreneurs to do business as ministry. We provide workshops and resources that help companies discover how to do business God’s way and provide a positive outreach as the director. When the heart of a business is service rather than self it can be transformed into a fruitful business ministry earning a profit and being of service to the community and their customers. Melvin Feller is currently pursuing another graduate degree in business organizations.

Your Favorite Charity by Melvin Feller

Be Proactive In Your Giving

Smart givers generally do not give re-actively in a knee-jerk reaction. They do not respond to the first organization that appeals for help. They take the time to identify which causes are most important to them and their families. In addition, they are specific about the change they want to affect. For example, they do not just support generic cancer charities, but instead have targeted outcome goals for their giving, such as providing mammograms to at-risk women in their community.

Hang Up The Phone and Eliminate The Intermediary

Your Favorite Charity By Melvin Feller

Informed donors recognize that for-profit fundraisers, those primarily used in charitable telemarketing campaigns, keep 25 to 95 cents of every dollar they collect. These donors never give out their personal information — like credit card accounts, social security numbers — over the phone. If they like what they hear in the pitch, they will hang up, investigate the charity on-line and send their contribution directly to the charity, thereby cutting out the intermediary and ensuring 100% of their donation reaches the charity.

Your Favorite Charity by Melvin Feller

Be Careful Of Sound-Alike Names

Uninformed donors are easily confused by charities that have strikingly similar names to others. How many of us could tell the difference between an appeal from the Children’s Charity Fund and the Children’s Defense Fund? Their names sound the same, but their performances are vastly different. Would you be surprised to learn that the Children’s Charity Fund is a 0-star charity while the Children’s Defense Fund is a 4-star charity? Informed donors take the time to uncover the difference.

Confirm 501(c) (3) Status

Wise donors do not drop money into canisters at the checkout counter or hand over cash to solicitors outside the supermarket. Situations like these are irresistible to defraud artists who wish to take advantage of your goodwill. If for no other reason than they want to take the tax deduction, smart givers only support groups granted tax-exempt status under section 501(c) (3) of the Internal Revenue Code.

Your Favorite Charity by Melvin Feller

Check The Charity’s Commitment To Donor’s Rights

Giving to charity should not be a one-sided relationship. It should work more like a partnership. Smart donors seek out charities that want partners and not merely donors by checking if the charity has a donor privacy policy whereby the organization promises to never sell or trade the donor’s contact information. Furthermore, smart donors know that in the majority of cases the onus is on the donor to ‘opt-out’ of having their personal information shared with other entities. To save you time, our financial ratings include an assessment of each charity’s commitment to donor’s rights.

Obtain Copies Of Its Financial Records

Your Favorite Charity by Melvin Feller

Savvy donors know that the financial health of a charity is a strong indicator of the charity’s programmatic performance. They know that the most efficient charities spend at least 75% of their budget on their programs and services and less than 25% on fundraising and administrative fees.

They understand that a charity’s ability to sustain its programs over time is just as important as its short-term day-to-day spending practices. Therefore, savvy donors also seek out charities that are able to grow their revenue at least at the rate of inflation, that continue to invest in their programs and that have some money saved for a rainy day. However, when considering groups, savvy donors ask the charity for copies of its three most recently Forms 990. Not only can the donor examine the charity’s finances, but also the charity’s willingness to send the documents is a good way to assess its commitment to transparency.

Review Executive Compensation

Sophisticated donors realize that charities need to pay their top leaders a competitive salary in order to attract and retain the kind of talent needed to run a multi-million dollar organization and produce results. However, they also do not just take the CEO’s compensation at face value; they benchmark it against similar-sized organizations engaged in similar work and located in the same region of the country. In general, salaries tend to be higher in the northeast and at arts and education charities. Sophisticated donors also put the CEO’s salary into context by examining the overall performance of the organization. They know it is better to contribute to a charity with a well-paid CEO that is meeting its goals than to support a charity with an underpaid CEO that fails to deliver on its promises.

Your Favorite Charity by Melvin Feller

Start A Dialogue To Investigate Its Programmatic Results

Although it takes some effort on their part to assess a charity’s programmatic impact, donors who are committed to advancing real change believe that it is worth their time. Before they contribute, they talk with the charity to learn about its accomplishments, goals and challenges. These donors are
prepared to walk away from any charity that is unable or unwilling to participate in this type of conversation.

Your Favorite Charity by Melvin Feller

Concentrate Your Giving

When it comes to financial investments, diversification is the key to reducing risk. The opposite is true for philanthropic investments. If you have really taken the time to identify a well-run charity that is engaged in a cause that you are passionate about, you should then feel confident in giving it a donation. Spreading your money among multiple organizations not only results in your mail box filling up with more appeals, it also diminishes the possibility of any of those groups bringing about substantive change as each charity is wasting a large percentage of your gift on fundraising and overhead expenses.

Your Favorite Charity by Melvin Feller

Share Your Intentions And Make A Long-Term Commitment

Smart donors support their favorite charities for the long haul. Again, they see themselves as a partner in the charity’s efforts to bring about change. They know that only with long-term, committed supporters can a charity be successful. In addition, they do not hesitate to tell the charity of their giving plans so that the organization knows it can rely on the donor and the charity does not have to waste resources and harass the donor by sending numerous solicitations.

Melvin Feller Business Consultant, Business Owner, Burkburnett ministries and Graduate Student Candidate in Business Organization

Melvin Feller Business Consultants Ministries Group in Texas and Oklahoma. Melvin Feller founded Melvin Feller Business Consultants Group and Burkburnett Ministries in the 1970s to help individuals and organizations achieve their specific Victory. Victory as defined by the individual or organization are achieving strategic objectives, exceeding goals, getting results or desired outcomes and a positive outreach with grace and as a ministries. He has extensive experience assisting businesses achieve top and bottom line results. He has broad practical experience creating WINNERS in many organizations and industries. He has hands-on experience in executive leadership, operations, logistics, sales, program management, organizational development, training, and customer service. He has coached teams to achieve results in strategic planning, business development, organizational design, sales, and customer response and business process improvement. He has prepared and presented many workshops nationally and internationally.