The Telemarketing Sales Rule (TSR)—up until now, I had no idea that this rule existed. The reason I discovered this fantastic rule was because my colleague, Joe Ecuyer, informed me of its existence and of his adventures using it with telefunders (telemarketers who solicit contributions on behalf of charities). Every time he receives a phone call from a telefunder, he asks them what percentage of his potential contribution will reach the hands of the charitable organization that they are soliciting for—the most recent telefunder answered a whopping 5%.
The TSR does not require a telefunder to disclose the percentage or amount of the contribution that goes to a charitable organization, but if a potential donor does raise the question, then the telefunder must answer truthfully.
Now that the holiday season is upon us, and our wallets are feeling a little more charitable than usual, it is likely that telefunder calls will increase. Like Joe, I received such a call the other night, and was informed, after inquiring, that 10% of my potential contribution would go to the charitable organization that the telefudner was representing—I hung up the phone.
The best thing one can do to see that their money goes as far as possible with a charitable organization, is research. And the amazing thing about the internet is that there are several non-profit websites that do the research for us. Laura Peebles, a Senior Fellow at Bloomberg BNA, pointed me in the right direction with several examples of wonderful non-profit websites that provide the necessary information to help us make informed decisions: Charity Navigator, Catalogue for Philanthropy, United Way, and GuideStar. So if you’re feeling extra charitable this year, do your research and donate to wonderful causes, while leaving the greedy middleman out of the picture.
Don’t let telefunders steal your holiday gifts, leave that up to the Grinch.
With access to the Estates, Gifts and Trusts Portfolios Library, you’ll benefit from the premier resource that features research, planning, and implementation tools on one platform.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)