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2025-01-24
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MALVERN, Pa., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, announced today that it will present at the following investor conferences in December 2024: For more information or to arrange meetings at either of these conferences, please contact: info@vpgsensors.com . About VPG Vishay Precision Group, Inc. (VPG) is a leader in precision measurement and sensing technologies. Our sensors, weighing solutions and measurement systems optimize and enhance our customers’ product performance across a broad array of markets to make our world safer, smarter, and more productive. To learn more, visit VPG at www.vpgsensors.com and follow us on LinkedIn . For Investors: Vishay Precision Group Steve Cantor, 781-222-3516 info@vpgsensors.com

Darius Tahir | (TNS) KFF Health News President-elect Donald Trump’s choice to run the sprawling government agency that administers Medicare, Medicaid, and the Affordable Care Act marketplace — celebrity doctor Mehmet Oz — recently held broad investments in health care, tech, and food companies that would pose significant conflicts of interest. Oz’s holdings, some shared with family, included a stake in UnitedHealth Group worth as much as $600,000, as well as shares of pharmaceutical firms and tech companies with business in the health care sector, such as Amazon. Collectively, Oz’s investments total tens of millions of dollars, according to financial disclosures he filed during his failed 2022 run for a Pennsylvania U.S. Senate seat. Trump said Tuesday he would nominate Oz as administrator of the Centers for Medicare & Medicaid Services. The agency’s scope is huge: CMS oversees coverage for more than 160 million Americans, nearly half the population. Medicare alone accounts for approximately $1 trillion in annual spending, with over 67 million enrollees. UnitedHealth Group is one of the largest health care companies in the nation and arguably the most important business partner of CMS, through which it is the leading provider of commercial health plans available to Medicare beneficiaries. UnitedHealth also offers managed-care plans under Medicaid, the joint state-federal program for low-income people, and sells plans on government-run marketplaces set up via the Affordable Care Act. Oz also had smaller stakes in CVS Health, which now includes the insurer Aetna, and in the insurer Cigna. It’s not clear if Oz, a heart surgeon by training, still holds investments in health care companies, or if he would divest his shares or otherwise seek to mitigate conflicts of interest should he be confirmed by the Senate. Reached by phone on Wednesday, he said he was in a Zoom meeting and declined to comment. An assistant did not reply to an email message with detailed questions. “It’s obvious that over the years he’s cultivated an interest in the pharmaceutical industry and the insurance industry,” said Peter Lurie, president of the Center for Science in the Public Interest, a watchdog group. “That raises a question of whether he can be trusted to act on behalf of the American people.” (The publisher of KFF Health News, David Rousseau, is on the CSPI board .) Oz used his TikTok page on multiple occasions in November to praise Trump and Robert F. Kennedy Jr., including their efforts to take on the “illness-industrial complex,” and he slammed “so-called experts like the big medical societies” for dishing out what he called bad nutritional advice. Oz’s positions on health policy have been chameleonic; in 2010, he cut an ad urging Californians to sign up for insurance under President Barack Obama’s Affordable Care Act, telling viewers they had a “historic opportunity.” Oz’s 2022 financial disclosures show that the television star invested a substantial part of his wealth in health care and food firms. Were he confirmed to run CMS, his job would involve interacting with giants of the industry that have contributed to his wealth. Given the breadth of his investments, it would be difficult for Oz to recuse himself from matters affecting his assets, if he still holds them. “He could spend his time in a rocking chair” if that happened, Lurie said. In the past, nominees for government positions with similar potential conflicts of interest have chosen to sell the assets or otherwise divest themselves. For instance, Treasury Secretary Janet Yellen and Attorney General Merrick Garland agreed to divest their holdings in relevant, publicly traded companies when they joined the Biden administration. Trump, however, declined in his first term to relinquish control of his own companies and other assets while in office, and he isn’t expected to do so in his second term. He has not publicly indicated concern about his subordinates’ financial holdings. CMS’ main job is to administer Medicare. About half of new enrollees now choose Medicare Advantage, in which commercial insurers provide their health coverage, instead of the traditional, government-run program, according to an analysis from KFF, a health information nonprofit that includes KFF Health News. Proponents of Medicare Advantage say the private plans offer more compelling services than the government and better manage the costs of care. Critics note that Medicare Advantage plans have a long history of costing taxpayers more than the traditional program. UnitedHealth, CVS, and Cigna are all substantial players in the Medicare Advantage market. It’s not always a good relationship with the government. The Department of Justice filed a 2017 complaint against UnitedHealth alleging the company used false information to inflate charges to the government. The case is ongoing. Oz is an enthusiastic proponent of Medicare Advantage. In 2020, he proposed offering Medicare Advantage to all; during his Senate run, he offered a more general pledge to expand those plans. After Trump announced Oz’s nomination for CMS, Jeffrey Singer, a senior fellow at the libertarian-leaning Cato Institute, said he was “uncertain about Dr. Oz’s familiarity with health care financing and economics.” Singer said Oz’s Medicare Advantage proposal could require large new taxes — perhaps a 20% payroll tax — to implement. Oz has gotten a mixed reception from elsewhere in Washington. Pennsylvania Sen. John Fetterman, the Democrat who defeated Oz in 2022, signaled he’d potentially support his appointment to CMS. “If Dr. Oz is about protecting and preserving Medicare and Medicaid, I’m voting for the dude,” he said on the social platform X. Oz’s investments in companies doing business with the federal government don’t end with big insurers. He and his family also hold hospital stocks, according to his 2022 disclosure, as well as a stake in Amazon worth as much as nearly $2.4 million. (Candidates for federal office are required to disclose a broad range of values for their holdings, not a specific figure.) Amazon operates an internet pharmacy, and the company announced in June that its subscription service is available to Medicare enrollees. It also owns a primary care service , One Medical, that accepts Medicare and “select” Medicare Advantage plans. Oz was also directly invested in several large pharmaceutical companies and, through investments in venture capital funds, indirectly invested in other biotech and vaccine firms. Big Pharma has been a frequent target of criticism and sometimes conspiracy theories from Trump and his allies. Kennedy, whom Trump has said he’ll nominate to be Health and Human Services secretary, is a longtime anti-vaccine activist. During the Biden administration, Congress gave Medicare authority to negotiate with drug companies over their prices. CMS initially selected 10 drugs. Those drugs collectively accounted for $50.5 billion in spending between June 1, 2022, and May 31, 2023, under Medicare’s Part D prescription drug benefit. At least four of those 10 medications are manufactured by companies in which Oz held stock, worth as much as about $50,000. Related Articles National Politics | Donald Trump Jr. emerges as a political force of his own as he helps his father launch a second term National Politics | The rising price of paying the national debt is a risk for Trump’s promises on growth and inflation National Politics | What to know about Brooke Rollins, Trump’s pick for agriculture secretary National Politics | After Trump’s Project 2025 denials, he is tapping its authors and influencers for key roles National Politics | Republicans push back against Democrats’ claims that Trump intelligence pick Gabbard is compromised Oz may gain or lose financially from other Trump administration proposals. For example, as of 2022, Oz held investments worth as much as $6 million in fertility treatment providers. To counter fears that politicians who oppose abortion would ban in vitro fertilization, Trump floated during his campaign making in vitro fertilization treatment free. It’s unclear whether the government would pay for the services. In his TikTok videos from earlier in November, Oz echoed attacks on the food industry by Kennedy and other figures in his “Make America Healthy Again” movement. They blame processed foods and underregulation of the industry for the poor health of many Americans, concerns shared by many Democrats and more mainstream experts. But in 2022, Oz owned stakes worth as much as $80,000 in Domino’s Pizza, Pepsi, and US Foods, as well as more substantial investments in other parts of the food chain, including cattle; Oz reported investments worth as much as $5.5 million in a farm and livestock, as well as a stake in a dairy-free milk startup. He was also indirectly invested in the restaurant chain Epic Burger. One of his largest investments was in the Pennsylvania-based convenience store chain Wawa, which sells fast food and all manner of ultra-processed snacks. Oz and his wife reported a stake in the company, beloved by many Pennsylvanians, worth as much as $30 million. ©2024 KFF Health News. Distributed by Tribune Content Agency, LLC.BISMARCK — The North Dakota State Board of Higher Education and Bismarck State College President Doug Jensen are parting ways. Following a special meeting Friday, Dec. 20, in which the board that oversees the state's university system went into executive session for about an hour, board members voted unanimously to accept a separation agreement with Jensen. The board did not discuss the reasons for Jensen's departure or the details of the agreement that was reached. "We'll have some words for him (Jensen) to follow shortly," Board Chair Tim Mihalick said in the meeting. Jensen was hired as Bismarck State College president in March 2020 after the retirement of Larry Skogen. Jensen previously served as president of Rock Valley College in Rockford, Illinois, and as president of Alabama Technology Network. His contract with Bismarck State College was renewed at a meeting of the State Board of Higher Education on June 25 and was set to last until June 30, 2026. His base salary at the time was set at $258,952. While president of Bismarck State, Jensen oversaw growth in enrollment, a change in athletics from junior college status to NAIA and expansion of campus buildings. According to Jensen's contract, if he is fired without cause, he is entitled to a payout of his current contract or the option to "retreat" to a tenured faculty position. A replacement for Jensen was not immediately disclosed.

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OWINGS MILLS, Md. (AP) — The biggest question facing the Baltimore Ravens right now has little to do with Lamar Jackson or even a defense that started the season poorly. It's about a kicking conundrum that has turned into a crisis. Can the Ravens make it to the Super Bowl with Justin Tucker? One of the more surprising subplots of this NFL season has been Tucker's decline from one of the greatest of all time to a week-in, week-out liability. Sunday's loss to Philadelphia might have been the nadir — he missed two field goals and an extra point in a game the Ravens ultimately lost 24-19 . “Points were at a premium in the game. They have been in a few of these games. Sometimes we haven't made the most of our opportunity to score points,” coach John Harbaugh said Monday. "We're racking our brains, talking to Justin, looking at what we're doing. I'm very confident that it's going to get fixed. I believe it will. It has to. “And he's the guy to get it fixed.” Harbaugh has given every indication that he's standing by Tucker, who is in his 13th season and is under contract through 2027. When he's at his best, he's the type of kicker that gives his team a clear advantage in close games, but this season he has missed eight field goals. Sunday showed that against a good defensive team, the Ravens (8-5) can't simply assume their excellent offense will pile up points. There almost certainly will be close games in the weeks to come. Tucker's ability to come through will be tested again, and it's hard for Baltimore to feel too confident at the moment. “When he was hitting, three or four years ago, hitting bombs, we were going 57, 58, 56 pretty regularly," Harbaugh said. “That's tightened up a little bit.” The Ravens continue to do a good job stopping the run. Although Saquon Barkley did eventually surpass the 100-yard mark late in the game, Baltimore held the Eagles to 140 yards on the ground, well below their usual output. Even beyond Tucker's problems, Sunday wasn't a great showing by Baltimore's special teams. Tylan Wallace was shaky returning punts, and the Ravens had to start four drives inside their own 20 and two inside their own 10. “They had great bounces, and they downed right down in there,” Wallace said. "I’m pretty sure we’ll come back and talk about those and see what we can do to avoid those.” The Ravens' defense continued to show signs of improvement, holding Philadelphia to 252 total yards. “I think we’ve just locked in on some things, and we’re playing our deep coverages better, bottom line,” Harbaugh said. "You watch the coverage, you watch the guys’ spacing, positioning, eyes, the communication, the checks that get made, and you just keep chasing doing the right things. It’s not (that we) changed the defense. We’re just playing it a lot better.” Harbaugh was vague on receiver Diontae Johnson's situation. He was active Sunday but didn't play, and he has only one catch in four games since the Ravens acquired him in a trade from Carolina. “I’m going to have to wait just to clarify it,” Harbaugh said. "There’s some moving parts there that we’re going to have to figure out and explore and just see where we’re at. I know that’s not the answer you want, but that’s the best I can do in fairness to everybody right now.” The Ravens were missing pass-rushing ace Kyle Van Noy (hamstring/neck) on Sunday, and WR Rashod Bateman was dealing with knee soreness. Through his first 12 seasons, Tucker made field goals at a 90% clip. That's dropped to 70% this season. He had a 95% success rate from under 50 yards, and that's dipped to 83%. The Ravens have this week off before a Dec. 15 road game against the New York Giants. Then comes a home matchup with Pittsburgh that may determine whether Baltimore has any shot to win the AFC North. AP NFL: https://apnews.com/hub/nfl

ENGLEWOOD, Colo. (AP) — What's stoking the Denver Broncos' surprising surge is the growing connection between rookie quarterback Bo Nix and veteran wide receiver Courtland Sutton. Whenever the Broncos (7-5) need a clutch catch, a key flag or a timely touchdown, Sutton is usually the one delivering it like he did Sunday when he caught eight passes on 10 targets for 97 yards and a pair of touchdowns that sparked the Broncos' come-from-behind 29-19 win at Las Vegas. “Courtland played tremendous,” coach Sean Payton said. Again. “He’s just reliable,” Nix said. “He's just always there when you need him.” Sutton's size (6-foot-4 and 216 pounds) and experience (he's in his seventh NFL season) make him an ideal target and safety valve for the rookie QB whose confidence is growing by the week. “He’s smart. He’s savvy. He makes plays when the ball’s in the air,” Nix said. “You can trust him. When it’s up in the air, it’s his or nobody’s. It’s not going to be a pick.” Nix's first touchdown toss to Sutton was an 18-yarder that allowed the QB to break Marlin Briscoe's 1968 Denver rookie record of 14 TD passes, and the two connected again with 5:30 left to make it a two-score game. The Broncos trailed 13-9 at halftime and Nix said they knew they had to get the ball into Sutton's hands more in the second half after he had caught the only pass thrown his way in the first half (for 17 yards). “Didn’t target him (much) in the first half,” Nix said. “We come out and say, ‘Look, Courtland, this is your half.’ We take over the game. He goes for two touchdowns. That just kind of speaks for what he means to our team.” Sutton has been on a tear after since he wasn't targeted a single time in Denver's 33-10 win at New Orleans on Oct. 17. (Payton mentioned as recently as last week what an anomaly that game was because there was a heavy diet of plays for Sutton that just didn't pan out for various reasons.) In his six games before that goose egg, Sutton had 21 catches on 49 targets for 277 yards and a touchdown. In the five games since, he's caught 36 of the 48 balls thrown his way for 467 yards and three TDs. Plus, he threw a touchdown pass to Nix on a “Philly Special” at Baltimore in Week 9. “I think we're just scratching the surface,” Sutton said. Thanks in part to the chemistry between Nix and Sutton, the Broncos are in position for the seventh and final playoff spot entering December. The passing game, thanks to the Nix-Sutton connection. The running game. Javonte Williams had just 2 yards on eight carries and Audric Estime ran three times for 15 yards against the Raiders' run-heavy fronts and a steady diet of blitzes. Jaleel McLaughlin saved the day with seven carries for 44 yards. OLB Nik Bonitto. His 10 sacks make him the first Denver defender with double-digit sacks since 2018, when Von Miller did it. Once again, the Broncos' special teams, with the exception of K Wil Lutz, who hasn't missed a field goal attempt or extra point since his protection unit cratered at Kansas City three weeks ago and allowed the Chiefs to block what would have been the game-winning kick as time expired. On Sunday, the Raiders had a successful fake punt and a 59-yard kickoff return. Payton isn't saying much about the injuries to DE Zach Allen (heel) and CB Riley Moss (knee) except that to him they're not serious setbacks for either player. 2 — The Broncos are two games above .500 for the first time since starting the 2021 season with three wins. The Broncos host Cleveland (3-8) on Monday night ahead of their bye week. AP NFL: https://apnews.com/hub/nflIf you’re sitting on a pile of travel or credit card rewards with no immediate travel plans, donating them to a charity is an easy way to have a positive impact. And it's a popular way to give: In 2021, Alaska Airlines Mileage Plan members donated around 94 million miles to charities at an approximate cash value of $2.6 million, according to the airline. Beyond the social benefits, miles donations also qualify as activity on your loyalty account and can prevent the rest of your rewards from expiring .

Tesla Stock Falls As Analyst Says 'Animal Spirits' Spur Post-Election Rally, Not FundamentalsHigh-rolling investors have positioned themselves bullish on Fiserv FI , and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in FI often signals that someone has privileged information. Today, Benzinga's options scanner spotted 14 options trades for Fiserv. This is not a typical pattern. The sentiment among these major traders is split, with 64% bullish and 28% bearish. Among all the options we identified, there was one put, amounting to $31,140, and 13 calls, totaling $1,846,413. Expected Price Movements Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $225.0 for Fiserv over the recent three months. Volume & Open Interest Development Looking at the volume and open interest is an insightful way to conduct due diligence on a stock. This data can help you track the liquidity and interest for Fiserv's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Fiserv's whale activity within a strike price range from $100.0 to $225.0 in the last 30 days. Fiserv Call and Put Volume: 30-Day Overview Largest Options Trades Observed: Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume FI CALL TRADE BULLISH 01/16/26 $30.4 $28.8 $30.0 $220.00 $450.0K 388 511 FI CALL SWEEP BULLISH 01/16/26 $30.0 $28.9 $30.0 $220.00 $360.0K 388 309 FI CALL SWEEP BULLISH 09/19/25 $24.3 $23.0 $24.2 $220.00 $207.5K 60 186 FI CALL SWEEP BULLISH 01/16/26 $37.1 $35.6 $37.1 $210.00 $185.5K 46 50 FI CALL TRADE BULLISH 01/16/26 $30.7 $29.4 $30.4 $220.00 $152.0K 388 188 About Fiserv Fiserv is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing, for us banks and credit unions, with a focus on small and midsize banks. Through the merger with First Data in 2019, Fiserv also provides payment processing services for merchants. About 10% of the company's revenue is generated internationally. Having examined the options trading patterns of Fiserv, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance Fiserv's Current Market Status With a trading volume of 993,428, the price of FI is down by -0.49%, reaching $220.47. Current RSI values indicate that the stock is may be overbought. Next earnings report is scheduled for 71 days from now. Expert Opinions on Fiserv In the last month, 3 experts released ratings on this stock with an average target price of $251.33333333333334. Unusual Options Activity Detected: Smart Money on the Move Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access .* In a cautious move, an analyst from Compass Point downgraded its rating to Buy, setting a price target of $278. * Maintaining their stance, an analyst from Tigress Financial continues to hold a Buy rating for Fiserv, targeting a price of $244. * An analyst from BMO Capital persists with their Outperform rating on Fiserv, maintaining a target price of $232. Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely. If you want to stay updated on the latest options trades for Fiserv, Benzinga Pro gives you real-time options trades alerts. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Mastercard Finalizes Acquisition of Recorded Future

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VALPARAISO, Ind. (AP) — All Wright had 26 points in Valparaiso's 93-77 victory against Central Michigan on Saturday night. Wright shot 7 for 16 (4 for 8 from 3-point range) and 8 of 8 from the free-throw line for the Beacons (5-4). Tyler Schmidt scored 21 points and added six rebounds. Jefferson Monegro had 16 points and shot 3 for 5 (2 for 3 from 3-point range) and 8 of 8 from the free-throw line. The Chippewas (5-4) were led in scoring by Anthony Pritchard, who finished with 20 points and six rebounds. Ugnius Jarusevicius added 18 points and six rebounds for Central Michigan. Jakobi Heady had 13 points, six rebounds and three steals. Valparaiso led Central Michigan 36-31 at the half, with Wright (13 points) its high scorer before the break. Valparaiso took the lead for what would be the final time on Schmidt's 3-pointer with 10:13 remaining in the second half. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Putin Says Russia May Use New Missile Again After Attack on UkraineLOS ANGELES (AP) — Two-time Cy Young Award winner Blake Snell says it was a really easy decision to sign with the World Series champion Los Angeles Dodgers and the presence of three-time MVP Shohei Ohtani played a part, too. Snell was introduced Tuesday at Dodger Stadium accompanied by his agent Scott Boras. The left-hander finalized a $182 million, five-year contract last Saturday. “It was really easy just cause me and Haeley wanted to live here, it’s something we’ve been talking about for a while,” Snell said, referring to his girlfriend. “Then you look at the team. You look at what they’ve built, what they’re doing. It’s just something you want to be a part of.” Last month, Snell opted out of his deal with San Francisco to become a free agent for the second consecutive offseason after he was slowed by injuries during his lone year with the San Francisco Giants. Snell gets a $52 million signing bonus, payable on Jan. 25, and annual salaries of $26 million, of which $13.2 million each year will be deferred . Because Snell is a Washington state resident, the signing bonus will not be subject to California income tax. “It just played out the way that people around me felt comfortable with, I felt comfortable with, they felt comfortable with,” Snell said. “We talked and found something that could work for both of us. You want your worth, you want your respect, and you want enough time to where you can really make a name for yourself. I've made a name for myself outside of LA, but I'm going to be invested.” Two-way star Ohtani, who signed a record $700 million, 10-year deal a year ago, had a historic first season with the Dodgers. He helped them win the franchise's eighth World Series while playing only as designated hitter and became MVP in the National League for the first time after twice winning the award while in the American League. “It helps with him in the lineup for sure. That’s big motivation,” Snell said. “You want to be around players like that when you’re trying to be one of the best in the game. Yeah, it played a big part.” Snell joins Ohtani and fellow Japanese right-hander Yoshinobu Yamamoto atop Los Angeles’ rotation. All-Star Tyler Glasnow will be back after having his first season in LA derailed by a sprained elbow. Ohtani didn’t pitch this year while recovering from right elbow surgery but is expected back on the mound in 2025. The rest of the rotation includes Tony Gonsolin, Landon Knack, Dustin May, Bobby Miller and Emmet Sheehan. “I pitched on six-man, five-man, four-man rotations,” Snell said. “I'm good with it all as long as we have a plan, we'll execute it.” Snell, who turns 32 on Wednesday, went 5-3 with a 3.12 ERA in 20 starts this year, throwing a no-hitter at Cincinnati on Aug. 2 for one of only 16 individual shutouts in the major leagues this season. He struck out 145 and walked 44 in 104 innings. He was sidelined between April 19 and May 22 by a strained left adductor and between June 2 and July 9 by a strained left groin. Snell won Cy Young Awards in 2018 with Tampa Bay and 2023 with San Diego. He is 76-58 with a 3.19 ERA in nine seasons with the Rays (2016-20), Padres (2021-23) and Giants. He has known Andrew Friedman, Dodgers president of baseball operations, since he was 18. In the aftermath of winning the World Series and discussing how the Dodgers could repeat next year, Friedman said, “All conversations kept coming back to Blake.” “Usually in major league free agency, you're buying the backside of a guy's career, the accomplishments that they have had,” he said. “With Blake, one thing that's really exciting for us is, as much success as he's had, we feel like there's more in there." Snell was 2-2 against the Dodgers in his career. “We couldn’t beat him, so we’re going to have him join us,” Friedman said. .___ AP MLB: https://apnews.com/hub/MLB

If you’re sitting on a pile of travel or credit card rewards with no immediate travel plans, donating them to a charity is an easy way to have a positive impact. And it's a popular way to give: In 2021, Alaska Airlines Mileage Plan members donated around 94 million miles to charities at an approximate cash value of $2.6 million, according to the airline. Beyond the social benefits, miles donations also qualify as activity on your loyalty account and can prevent the rest of your rewards from expiring . But if you’re in the habit of maximizing points and miles, you might also want to stretch the value of your charitable donations as far as possible. And by that measure, some methods of donating points and miles fall short. Here’s what to consider before donating your miles and points . Many loyalty programs make it easy to redeem your points and miles for a donation directly through their rewards portals. But some portals — especially those from airline and hotel programs — don’t publish the cash value a charity will receive for your miles or points. That means the charity may receive less value for your donation than you’d think, while also making it hard to compare the value of a donation with the value of other options for redeeming your points. Best Western Rewards is one of the few loyalty programs that publishes a cash value for charitable points donations. The charity will receive $2 for every 500 points you donate, for a point a value of 0.4 cent each. NerdWallet values Best Western points at 0.6 cent apiece, so you would receive 33% less value for your donation relative to using them for a hotel stay. Generally, the Internal Revenue Service (IRS) doesn’t count points and miles as a source of income, so if you donate them, you can't deduct the cash value of your gift. This lack of favorable tax treatment for the consumer combined with the uncertain value you’ll often receive for miles and points donations should have you at least consider other avenues for your philanthropic endeavors. Keep in mind that this drawback only matters for taxpayers who itemize deductions on their income tax returns. If you're like most people and take the standard deduction instead of itemizing, you wouldn't be able to get a charitable tax deduction from any donation. Some rewards programs have a minimum donation amount for select charities. For example, you’d have to donate at least 2,000 Southwest Rapid Rewards points for a donation to the Make-A-Wish Foundation. That minimum amount makes it tougher to donate points that may be collecting dust in your loyalty account. To maximize the value of your donation, consider a charity that books travel directly with your miles or points rather than donating directly through your loyalty program's portal. For example, Miles4Migrants uses donated airline miles and credit card points to directly book award travel for refugees and asylum seekers. “Instead of maximizing points and miles to book a dream trip, we do it to help refugees reach safe new beginnings,” said Patrick Stouffer, partnerships manager at Miles4Migrants, in an email. Miles4Migrants has redeemed over 775 million donated miles in pursuit of their mission, with a cash value of over $17 million. That expertise allows them to get more value out of every donation. “Our team has the specialized knowledge necessary to stretch the value of every point or mile, ensuring donations go as far as possible,” Stouffer said. “Even if you aren’t able to reap any tax advantages of donating your points, at least you’ll know they made the largest possible impact.” Direct cash donations help avoid the downsides of donating miles and points. If you have a credit card that earns cash back , or if you earn cash rewards through a shopping portal like TopCashBack or Rakuten , consider cashing out and donating those rewards instead of your miles and points. With a cash donation, you’ll know the exact value a charity will receive from your donation and likely qualify for a potential itemized deduction on your taxes. Some rewards programs make this process simple and transparent. Travel rewards programs sometimes incentivize charitable giving by offering bonus points for your cash donations. For example, American Airlines offers 10 AAdvantage miles for every dollar members contribute to the charity Stand Up To Cancer. That extra incentive can be an individual boon for your charitable donation. Just be aware that any points or miles you receive from such promotions will reduce the tax deductibility of your contribution. American Airlines values those bonus miles you receive through donations at 3 cents each. So if you donate $100 and receive 1,000 AAdvantage miles, American values those miles at $30. You’ll receive a tax form declaring those rewards as $30 in income, giving you a qualifying tax deduction of $70. When you donate cash and receive bonus points, the charity still receives your full donation and you get a slug of points. While you'll have to pay taxes on those points, it can still be a big win for your future travel plans. More From NerdWallet Craig Joseph writes for NerdWallet. Email: cjoseph@nerdwallet.com . The article Should You Donate Your Points and Miles to Charity? originally appeared on NerdWallet.

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