3 Tips For Verifying if a Charity Solicitation is Legit

 

By nature, most of us want to help others in need, often by contributing our time and/or money to charitable causes.

Some charities, however, may not be legitimate, cautions Victory State Bank, Staten Island’s only community-based business bank.

People need to be diligent in protecting themselves from scams designed to trick them into donating money into the pockets of fraudsters, warns the financial institution.

When a charity you are not familiar with telephones you for a donation, the New York City Department of Consumer Affairs suggests you do the following:

1 Ask for its New York State charities registration number.

2) Ask the caller to send you something in the mail that you can read and think about before making a donation.

3) When deciding to give, contact the NY State Department of Law Charities Bureau. All legitimate charities must be registered with the Charities Bureau.

§        Ask the Charities Bureau the following questions:

§  Is the charity registered?

§  How long has it been registered for?

§  What percentage of the money actually goes to the charity?

§  Does the charity pay someone to solicit for it?

§  How many complaints have been filed against this charity?

 

 

About Victory State Bank

 VSB Bancorp, Inc. (OTCQX: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online at www.VictoryStateBank.com.

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