Donations: the Gift of Giving

We often talk about the benefits of volunteering—how it affects happiness and even your health. But we have yet to talk about the benefits of donating.

While donating may not be as “hands-on” as volunteering, giving money or goods is a valuable way to help an organization achieve their mission.  Without these much needed items, nonprofits would not be able to keep their doors open.

According to the Giving USA Foundation, 80-83% of households donated in 2012 which added up to a little more than $316 billion dollars. Whether these people are donating because they feel like they have to, they want to make a difference or simply because they want to get a tax credit, the results are the same for the individual and the benefitting organization.

Let’s take a look at some of the benefits of donations:

Donations are tax deductible

When you donate to a charitable organization or a non-profit group, the amount you donate is tax deductible.

Giving can improve your sense of well-being

Knowing that you’ve made a sacrifice to help others can give you a sense of purpose.

Giving lets you know you are making a difference

When you give to an organization that supports a cause that is important to you, you get to see your dollars go to work where it matters most.

Matching gifts

Many corporations will match your charitable donations, making your dollars go twice as far!

Setting a strong example

Donating goods and clothing is a great way to educate younger generations about the many people in our society who lack basic needs.

Every little bit helps

Remember—even if you think that your gift will be small or insignificant, it will make an impact. Every dollar, item or even smile toward a good cause helps.

If you’d like to share stories about your giving post a comment below!

Image courtesy of Flickr user Barrett Anspach.