Quick Tips about Donations to Charity

Don’t Waste Your Money Paying Fundraising Companies for Gimmicks for Charity

Some years we get a gaggle of gimmicks in the mail from fundraising companies trying to get us to donate to charities. The most useful were the return address stickers. The least useful were the carrot seeds, although our guinea pigs liked the resulting sprouts. We’ve received note cards, fridge magnets, and posters too.

The idea is a simple one: the person who receives these “gifts” is supposed to feel guilty and send in a donation.

It’s very irritating.

It’s also a waste of money. I don’t want 50 cents of every 1 dollar I give to a cause going to a fundraising company. I also don’t particularly want to fill up my blue bin and garbage can with someone else’s idea of what I want.

Personally, I never send a contribution in response to these campaigns. (They can tell if you use the enclosed donation form and/or envelope that you were somehow motivated by their mailing.) I do sometimes donate to those charities, but I do it in other ways.

Perhaps if enough of us refused to give in to this emotional blackmail they’d move on to another technique, hopefully one that’s less expensive and less wasteful.

Watch Out for Scam Charities

We’ve probably all been accosted at the entrance to the grocery store by some rather awkward teenager asking us to buy a chocolate bar for charity. Before shelling out money for something you likely don’t want anyway, be sure to check a bit further as to what the charity is.

You likely know the schools closest to your store. If it’s one of them, it’s probably for real. But recently (or perhaps they have only been getting caught recently) there have been cases of criminal fraud. Teens have been hired to sell chocolate bars for a charity that doesn’t exist. You can read about what example of this in the Mississauga News.

So be a bit cautious.

You Can Give the Money and Refuse the Refuse

If I actually took delivery of a poinsettia from every person I know who is trying to sell them for their fundraiser I would be able to stock my own greenhouse. Similarly, anyone who looks like I do does NOT need to buy and eat any more chocolate bars, pre-buttered popcorn, chocolate almonds, or other snacks.

Most of these flowers and treats are being sold by my friends’ kids. Others are for reasonably worthy causes like a local youth outreach program. I don’t mind donating to these causes (even though there is no tax receipt involved) but I don’t want their stuff.

Guess what? You can give them the money and NOT take the item. It always startles people, but then they realize it’s a win-win. They can give my money straight to the group without ordering anything. In that case the group gets more money because they don’t have to spend part of it paying for something to give me. Or they can (and I suspect some of the ravenous boy band members do this!) take my donation and eat the treat themselves. Either way, their cause gets supported, and I don’t expand either florally or figure-atively.

Related Reading

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How To Set Stock and Price Alerts for your CIBC Investor’s Edge Account

After setting your Preferences for all Alerts from Investor’s Edge, you can set up alerts for specific stocks using Stock Alerts. Stock Alerts use prices that are delayed at least 15 minutes from real time. Alerts are emailed to you.

For detailed instructions about setting up your Alert Preferences, please review the first section of How to Set Market Alerts for your CIBC Investor’s Edge Account.

In general, click on Quotes and Research, then click on My Alerts. In the Preferences section, type your email address or addresses in the appropriate fields. If desired , enter your Wireless Address, being aware that each Alert may result in multiple text messages each incurring a charged from your service provider. Select in which format, HTML or Text, to receive alerts. When your selections are correct, click on the Save button.

Setting a Stock Alert and a Stock Price Alert for your Investor’s Edge Account

On the My Alerts page, click on the Stocks tab.

From the drop-down list select Canadian or US for the stock market of interest.

In the Add New Alert (Enter Symbol) field, type the trading code for the stock of interest and press Enter or click on the Go button.
For example, I typed: BCE
A new page will be presented listing all of the choices for Stock Alerts for this stock.

Choose which Stock Alerts you wish from the following list and select the appropriate limit values. If you need to type in data, I have indicated it with the symbol ***.

In the Price and Volume Alerts section

  • Price drops below *** or rises above ***
    The program will tell you the last price and the daily change as a value and as a percentage for the selected stock.
  • Price gap [Up; Down] At opening trade
  • P/E drops below *** or rises above ***
    The program will tell you the current P/E ratio for the selected stock.
  • Reaches a new 52-week [High; Low; High or Low]
    The program will tell you what percentage the selected stock is off its 52-week High or Low and what date that High or Low was reached.
  • Price changes [+/- 2.5; 5; 10; 20%;] from previous close
    The program will tell you the previous close and the date of that close.
  • Crosses its [30 day] moving average
  • Changes [+/- 2.5; 5; 10; 20%;] faster than the [S&P TSX/Composite; DJIA; NASDAQ] over the last [7; 14 days]
  • Trading volume exceeds 10 day avg by [10; 20; 30; 40; 50%]
  • RSI over bought/sold
  • RSI under bought/sold
  • Stock split announced

In the Earnings Estimates section

  • Quarterly earnings estimates announced
    The program will tell you the date of the most recent announcement.
  • Annual earnings estimates announced
    The program will tell you the date of the most recent announcement.

In the News Alerts section

  • News stories from Reuters (in depth stories, breaking news and analysis by email)

In the Analyst Reports Alerts section

  • Analyst reports for all providers (Company-based analyst research)

NOTE: In addition to setting the parameters for an Alert you MUST also click the check mark box beside the item or the Alert will not get set.

When you have made all of your selections, click on the Save button.

Once you have set a Stock Alert It will be listed on the Overview tab page.
To Edit or Delete it, you can click on the appropriate link on the Overview page.

Further Information

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