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Create a Budget and a Calendar

Consider your annual income and expenses and decide what you are comfortable setting aside for charitable giving. Remember, giving to a 501(c)(3) organization is tax-deductible. Determine when you’ll make your gifts to the organizations you choose to support. Will it be mid-year when you receive your annual bonus? Will you set up a recurring monthly contribution? This arranged frequency is preferred by charities as it allows them to have a more informed idea of how much money they will have available to budget for the projects ahead.

Similarly, decide how much time in a year can you afford to spend volunteering. Can you book a weekly slot at a food bank? Commit to donating blood every two months? This decision will be as personal as your calendar and lifestyle.

Then, take a few moments to think about your passions, values, and beliefs. What do you love? What frustrates you? If you could be remembered for changing the world in one way, what would it be?

Once you’ve identified what you’re passionate about, you can find an organization that aligns with your values and goals. Use Charity Navigator’s search tool help you find your perfect match.

Donate Money

Never feel like your gift is too small to make a difference. While major gifts are an important revenue source for most nonprofits, individual donations are also necessary. A diverse support base makes charities more sustainable.

We recommend limiting the number of charities you support. Rather than supporting 10 organizations with $10, consider supporting 2 organizations with $50. This is more beneficial to the charities and increases your investment in their work.

When Should You Donate?

Posted on January 31, 2023January 26, 2023 by Shield Insurance Agency

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Think back on the past few years and ask yourself: When do you usually donate? Are you volunteering during the holidays? Giving money when people in your life ask for you to join them in supporting a cause? While there is nothing wrong with donating at any time, your donations can do the best if you build a giving strategy with the needs of nonprofits in mind.

An Argument for Recurring Donations

Whether it’s television, meal kits, make-up, or games, chances are you have a subscription where you’re automatically billed monthly, quarterly, or annually. Subscriptions have proliferated in most areas of our life, and it follows that more and more donors are turning their one-time annual gifts into automatic recurring gifts. The impact of recurring giving programs on nonprofit programmatic innovations simply cannot be overstated.

If you’re on the fence, here are a few reasons why you may want to consider turning your one-time financial gifts into recurring gifts:

● Donate when it’s easier on your budget and less of a hassle for you and the charity.

Like your other subscriptions, recurring donations are automatic and effortless. This saves charities’ effort in asking you to donate again and saves you from having to fill out donation information repeatedly.

● Your support makes more of a difference.

Nonprofits with a robust recurring giving program are able to better set long-term strategic plans, knowing they’ll have a certain level of support from recurring donors.

● It shouldn’t stop you from taking advantage of donation matches.

If you love to multiply the impact of your generosity by donating to match campaigns. As long as you reach out to an organization to confirm they will accommodate your wishes, you can have a gift (or gifts) from your recurring giving plan allocated toward an active match campaign when they occur.

Similarly, charities with volunteer needs can benefit from consistency. Do you have two hours a week or a Saturday per month that you can commit to an organization? Putting yourself on their schedule (and showing up!) is a great way to provide stability and support for an organization. These opportunities are increasingly available online as well as in person. Find the best match for your skills, interests, and availability here.

Times When Recurring Donations Aren’t Appropriate

While recurring donations have many benefits, they are not the be-all-end-all of giving. There are reasons that charities may prefer to receive donations and volunteer support at particular times.

Processing donations can be costly. For smaller donations, organizations may prefer to receive lump sums. If you aren’t sure what a charity prefers, ask! Preferences will vary, and organizations know exactly what they need to thrive.

Organizations may also face volunteer boom and bust cycles throughout the year. For example, food banks often have an excess of volunteers during the holidays, but struggle to find enough volunteers in the summer. Offering to fill in when volunteers are scant can help bridge these gaps and keep nonprofits running smoothly.