Enable Accessibility
×
Close
Personal Online Banking
All personal banking clients, please enter your online credentials here:
e‑Treasury Business Banking
Log in
Safeguarding your online banking sessions is our top priority. For information about how you can help protect your online banking sessions, or if you need additional assistance with your e-Treasury log-in, please contact Client Support at [email protected] or 855.274.2800.

Download our e-Treasury Secure Browser

Business Online Banking
If you need assistance, please contact Client Services at [email protected] or 855.274.2800.
e‑Treasury
Log in
Safeguarding your online banking sessions is our top priority. For information about how you can help protect your online banking sessions, or if you need additional assistance with your e-Treasury log-in, please contact TM Service at [email protected] or 212.575.8020.


Download our e-Treasury Secure Browser

Download the Sterling e-Treasury Token Client


Business Online Banking
If you need assistance, please contact Client Services at [email protected] or 855.274.2800

For optimal viewing experience, please use a supported browser such as Chrome or Edge

Download Edge Download Chrome

5 do’s and don’ts for charitable giving during the holidays

Published on November 22, 2023 | LPL Financial

The fourth quarter holidays are often seen as one of the prime times to take out your checkbook — not only do many charities put in extra efforts helping others this time of year, but donating is also a smart financial move. Giving to a charity before the end of the year can help reduce your tax burden when April 15 rolls around.

Here are five crucial do’s and don’ts when it comes to charitable giving.

DO: Make Sure the Organization Has Clear Goals

When you give to a charity, you want to know that the funds are going to good use. This can require research to identify which charities make the best use of donated funds. Nonprofit and government organizations are required to create certain financial reports so potential donors can see what percentage of each donation directly benefits those in need. Plus, doing a deep dive into the operations of a charity you’re considering supporting can help avoid falling for a scam.

DON’T: Feel You Need to Give to Every Charity

There are tens of thousands of potential charities: how do you choose? Whether you prioritize charitable giving to organizations that serve a mission close to your heart, are part of your community, or fulfill some other objective that interests you, it’s important to plan your giving so that you’re not stretched thin.

DON’T: Assume Giving Time is Preferred Over Money

You may be tempted to donate your time or volunteer with a charity in lieu of donating cash. But ultimately, most charities will tell you that money does go farther than donor hours. Coordinating a team of volunteers may require additional time and effort, while paying for professionals can be far more efficient.

DO: Keep an Eye Out for Fake Websites

Charity scammers are out in full force during the holidays, mimicking nonprofit websites to try and skim donations from unsuspecting victims. To avoid charity scammers, follow these tips:

  1. Avoid clicking a link to visit a charitable website via a donation button or from a link emailed or texted to you. Instead, navigate directly to the website from a search engine or your address bar. Just clicking on the link could redirect you to a dangerous site.
  2. Don’t donate until you find evidence that a charity exists and is legitimate. If a charity can’t be found via a Google search or doesn’t have a legitimate website, it may be false.
  3. Before you send a donation by mail, verify the mailing address from the charity’s site.

DON’T: Forget About Charitable Donations After the Holidays

Many charitable organizations are inundated with donations and volunteers over the holidays, only to see many of these resources dry up once New Year’s Day arrives. If you want to really make a difference all year long, consider scheduling monthly or quarterly donations to provide continuous support for your favorite causes. In addition to giving, you can also check into volunteer opportunities, another way to remain involved with charities closest to your heart.

Important Disclosures:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.

This article was prepared by WriterAccess.

LPL Tracking # 1-05337697.

Related Resources

Webster InvestmentsArticles
Wealth, Family, and Legacy: A Guide for High-Net-Worth Individuals in the Sandwich Generation
Wealth and estate planning are vital for all individuals but are particularly essential for high-net-worth (HNW) individuals in the sandwich generation. “Sandwich generation” refers to individuals caring for their aging parents and children simultaneously. Not only do these individuals have to consider their wealth management, but they also must plan how their assets will be […]
Webster InvestmentsArticles
Stars, Stripes, and Stocks: 3 Ways Investors May Pursue Financial Freedom
What does the term “financial freedom” mean to you? For some, it means freedom from a particular workplace or industry. For others, it means the opportunity for an early retirement or the ability to start a long-desired business. Consider these three strategies that may help investors pursue financial independence on this Independence Day. Start Early […]
Webster InvestmentsArticles
3 Ways Planning For Retirement is Like Planning For Summer Break
For kids, teens, and college students, summer break often represents freedom from schedules, responsibilities, and all those other drains on your time. Retirement actually can provide a similar level of freedom, but only if you’ve adequately prepared, planned, and saved. Below, we discuss three ways that planning ahead for your retirement can be like scheduling […]
Connect With Us
Learn more about Webster products, services and the communities we serve.
We’d love your feedback
×