Regardless of how or where we choose to give, most of us would like to feel confident that our financial donations are being used wisely. Thanks to technology and some out-of-the-box thinkers in the social sector, we now have a bevy of new tools at our fingertips and excellent educational resources that will guide our giving in a smart and purposeful way. (more…)
Traditionally, we recognize, commemorate, and celebrate special occasions, milestones, and holidays with gifts. However, many individuals are looking for meaningful alternatives to giving and receiving more “stuff.”
If you are one of those looking for a different kind of gift, consider making a donation in the name of the individual, couple, or organization that you want to honor. In addition, in lieu of receiving gifts, you can request a donation to a cause that is near and dear to your heart. The concept of alternative gifts is growing in popularity, and a number of online resources are available to assist you in making this type of charitable donation. (more…)
Regardless of how or where we choose to give, most of us would like to feel confident that our financial donations are being used wisely. Thanks to technology and some out-of-the-box thinkers in the social sector, we now have a bevy of new tools at our fingertips and excellent educational resources that will guide our giving in a smart and purposeful ways.
Picking a Charity
Until recently, most guidelines for charitable giving recommended that we spend time researching charities and then select from those that limit overhead to less than 20 percent of their total budgets. However, many experts now question these criteria because expense ratios alone provide a limited perspective of a charity’s value and effectiveness. (more…)
If you’ve sighed at the sight of Christmas decorations sitting cheek and jowl with Halloween décor, you’re not alone. The holiday “season” seems to begin in October and last a full three months.
The longer the season, the more time consumers have to spend on gifts. So it’s no surprise that holiday spending has been rising steadily since 2008. In 2017, Americans were expected to shell out $967.13 each for holiday gifts, according to the National Retail Federation. Nationwide, Americans were likely to spend between $678.75 billion and $682 billion, an increase of 3.6 to 4 percent over 2016, according to the National Retail Federation. (It hasn’t yet updated those estimates with actual numbers, but you get the idea: December is a big month for gifts and giving, regardless of your religion or your income.) (more…)
- Find your passion and focus your giving. Think about two or three areas or
causes you want to support and make this your philanthropic mission. Not only
will your gifts have more impact, but you will also find your giving more satisfying.
- Know your charity. Charities have an obligation to provide detailed information to interested donors. Request written literature and a copy of the charity’s latest annual report which should include a list of the board of directors, a mission statement, and the most recent audited financial statements.
The term “philanthropist” tends to conjure images of society’s elite who bequeath a portion of their tremendous wealth to large institutions such as hospitals, universities, and museums. However, current trends in charitable giving indicate that a growing number of philanthropists are ordinary people who share an extraordinary desire to “give back” and to “make a difference.”
Instead of inherited assets, these new philanthropists are likely to bring their own earned income to their favorite causes and to give generously while still living. Another trend is to support human services and community based organizations rather than the larger, more prominent charities. In addition, this new generation of donors is demonstrating more personal involvement by also contributing their time, energy, and expertise. (more…)