As soon as we think about making a donation - whether it be dropping loose change in a jar or writing a check to a charity of your choosing - it is natural to get reservations. You might feel that money is too tight at home, or like your donation won’t make a difference - which is a completely unwarranted fear. Whether you’re interested in tax benefits or have selfless motives, you can end up getting back a lot more than you give when you donate valuable items, cash, or even your time. The emotional, psychological, and financial benefits of charitable giving offer much more satisfaction than splurging on yourself or your family. Here are the top 4 benefits you can receive from charitable giving:
Greater Life Satisfaction:
Making a real impact on a cause you truly care about will add more meaning to your everyday life. If you are feeling stuck in life, sometimes all it takes is a simple act of giving to the community to get you back on track. Whether you are giving or receiving, a gift of any kind evokes a sense of happiness and gratitude. Robert Emmons shares the science behind how charitable giving can help to create a meaningful life.
Increase Community Standing
Being part of a local community organization gives you the opportunity to bring the community together to help with specific causes. If you are looking to give but are unable to spare any money, the best thing you can share is your time. Help to create community awareness and bring people together to solve local issues and create a happier place to live.
Promote Generosity to Your KidsGiving is contagious. The best thing you can do as a parent, role model, or public figure in your community is to give back and teach kids the importance of giving. When your kids see you donating money and time, they're much more likely to adopt a giving mindset as they grow up.
Tax DeductionFinally, as many already know, charitable contributions can reduce your tax burden at the end of the year. If you give to an IRS-approved charity, you can write off donations on your tax return.
If you are still feeling unsure about donating valuable items, cash, or even your time, start with the little things. Learn more about local causes and find ways that you can make a difference. Start showing up to local organization meetings and learn what they are currently doing to make a difference in the community - and don’t be afraid to share your own ideas. If you are ready to take the next step in charitable giving, check out bbbscentralmn.org to see our different volunteer options.