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Donate directly to veterans’ charities instead of letting Donald Trump take the (tax) credit

January 29, 2016

So The Donald actually did it. He bailed on the final GOP debate before Iowa voters caucus on Feb. 1 to pick their favorite presidential candidates in both parties.

Instead Donald Trump held an event at Drake University in Des Moines, Iowa, ostensibly to benefit veterans' charities.

Veterans Day 2015 at Arlington National Cemetary_Veterans Affairs photo by Robert TurtilVeterans Day 2015 observance at Arlington National Cemetery. Veterans Affairs photo by Robert Turtil.

OK. Props to Trump's people for pulling it all together so quickly.

But it was done in a way that, unsurprisingly, kept the focus on Trump.

Trump again grabs the spotlight: He set up a special website where his supporters can donate funds for veterans. What he didn't do, at least at last check, was spell out exactly where the funds raised would go. The vets' website is as vague as the rest of Trump's "huge" proposals.

Rather, any money given through the website goes to the Donald J. Trump Foundation. Yep, that's the candidate's own 501(c)(3).

An examination of the foundation's gifts by NBC News shows that since 2010 around $5 million has been handed out, but only $35,000 has gone to veterans groups.

Plus, your favorite veterans' charity might not get any money from Trump. Some veterans and military nonprofits have expressly said that they don't want any part of Trump's event.

Make your own charity choice: Might I suggest that if you want to give money to help veterans, do so directly. Select a reputable, Internal Revenue Service-qualified nonprofit and write that group, not Trump's foundation, a check.

No, it's not just that I hate the idea of Trump getting any credit. I do. I admit it. I think the guy's a jerk and does things, including running for president, only for The Donald's benefit.

But I recommend you bypass Trump's website because by donating directly to a respected and well-known veterans' charity you will know exactly what good cause your money will support.

Check out the charities: As with any charitable gift, do your homework. Check out the charity's literature and website. Gather information from outside groups that regularly review and rate nonprofits.

Charity Watch, originally founded as the American Institute of Philanthropy, is one such watchdog group. Below is its January 2015 evaluation of groups serving the needs of veterans and the military.

Charity Watch veterans groups review January 26 2015

Also check out the Better Business Bureau's Give.org charity guide, Charity Navigator's reviews of veterans' nonprofit groups, and the IRS' online list of approved 501(c)(3) tax-exempt organizations.

Remember, too, that things can change. The Wounded Warrior Project, for example, is on the Charity Watch 2015 list. But the group's spending decision are now under scrutiny, partly because of the attention it received when Trump mentioned it as he was spit-balling his counter-debate event.

It might be deductible: Finally, I'd be a terrible tax blogger if I didn't remind you that if you do donate to a veterans' (or any) qualified charity and itemize deductions, you can claim your gift on your tax return for the year in which you donated.

And remember to get a receipt!

You also might find these items of interest:

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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