1) Nonprofit Charity Scams, 2) Why the IRS is Looking Into Charitable Donor Advisor Funds & 3) Nonprofit Horror Story: Summer Camp

In 2022 the Federal Trade Commission received over 10,000 reports of charity scams resulting in $22 million lost. While charity scams tend to happen the most during the holiday season anyone can be scammed throughout the year.

In today's episode, we explore the world of nonprofit scams and how you can avoid getting your hard-earned money taken by unsavory means.

Plus, in today's news segment, we talk about DAFs. What's a DAF? A donor-advised fund, or DAF, allows donors to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time with the fund not having a requirement "to pay out of their funds within a certain time frame to receive immediate tax breaks".

Donors are flocking to DAFs for an array of reasons but the IRS is paying closer attention to these money accounts with increased accusations of abuse and money shelling.

And, in today's Nonprofit Horror Story host Swim Karim shares a personal story from his time as a camp counselor with the Autism Society of North Carolina.

If you're anything like me you like a nice cup of tea to start and finish your day in the nonprofit world. That's why host Swim Karim goes to ArtofTea.com for all his tea needs. Visit Art of Tea for 10% off your next purchase of tea and tea accessories today, right here: https://artoftea.go2cloud.org/SHC

Sources:

https://apnews.com/article/donor-advised-fund-irs-hearing-2a3b282a07892c9c74f00dcee4ad6f83

FTC Scams Tips: https://dos.ny.gov/news/consumer-alert-department-states-consumer-protection-division-issues-charity-scam-prevention

FCC Charity Holiday Scams : https://www.fcc.gov/beware-holiday-charity-scams