When you decide to give, you may not realize that donating to charity does more than just help your favorite cause. Actually, giving can also provide you with many personal benefits. Whether you choose to make charity donations supporting people living in poverty, advocating to protect the environment or addressing other global issues, charities need your help to continue their selfless initiatives.
But giving can feel just as good as receiving. Are you still on the fence regarding why people donate to charity. Below are our list of reasons why you should consider donating to charity be it online or offline.
Financial Benefits
Did you know that donating to charity can land you financial benefits in the form of donation tax deductible? When you make a donation to a registered charity, you will receive a tax receipt for your donation. You can then submit this receipt with your annual tax return to receive a tax credit of up to 52% of your donation.
Furthermore, you can save on capital gains tax when you donate securities directly. This guarantees more dollars are going to helping others because you’ll be able to give more to your favorite charity.
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Experience Lifelong Benefits
If you are not in the best of positions to contribute financially to charity, but are looking for other ways to give back, you can consider volunteering your time instead. This is the ideal way to meet new, like-minded people, learn new skills to add to your resume, or complete necessary community hours for school programs.
You can also take part in the community that supports your favorite cause. For instance, if you attend a fundraising event for your favorite charity, you’ll meet new, like minded people who care about the same cause.
The Bottom Line
There are numerous reasons why you should consider making charity donations. From teaching kids the importance of giving and promoting feelings of happiness to experiencing lifelong benefits when you donate your time and the financial benefits, be rest assured good things are destined to come your way.
Nevertheless, you should always ensure that you’re donating to a reputable charity organization to enjoy the above and other benefits. This means you should spend some time doing your homework before deciding on anything. It is then that you won’t regret your decision after making charity donations to the right organization.
