When you first graduated from school, the last thing you probably thought about was giving what little money you had back to your school. But now that you are doing better in life, you may be considering donating to your alma mater.

Giving back may seem like a win-win for you and your school, since your charitable donation (in most cases) is tax deductible. But how can you be sure your money is actually going toward something that you deem worthwhile?

Here are three tips you may want to consider:

Donating to your alma mater is a worthwhile goal. With some careful planning, you can ensure that your donation will pay off in more ways than one.

Related Resources:

  • Four Simple Rules for Giving to Colleges (Tax Prof Blog)
  • Not All Charitable Donations Are Tax Deductible (FindLaw’s Law and Daily Life)
  • 5 Things to Remember About Holiday Donations (FindLaw’s Law and Daily Life)

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