Today marks the end of Charity Fraud Awareness Week, an international campaign that the IRS has recently joined to help bring attention to scams targeting charities. Unfortunately, charitable organizations are often victims of fraud, cybercrime, and scammers looking to take advantage of tragedies, including the COVID-19 pandemic. In fact, the Fraud Advisory Panel estimates that on average, charities lose 5% of their revenue to fraud every year. The IRS also warns taxpayers of fake charities and scammers requesting disaster relief donations, especially over the phone. Always do your research before donating to any organization!
For more information on the Charity Fraud Awareness campaign, click here.