8 Ways You Can Make a Donation to Charity
Today, there are numerous ways in which to make that donation to your favorite cause, from using your checkbook to setting up a foundation or entering your credit card number online. Your donation can be made at all price points and packaged according to your preferences, convenience, and size of your pocketbook.
Use Your Checkbook
Donating to a charity by writing a check is still the most common form of philanthropy in the world. It is relatively simple and certainly direct. Some of us may have trouble even finding our checkbooks anymore, but we are still more likely to write a check to a charity than hand over our credit card to an online donation form, especially if we are giving a substantial amount.
Give Through a Donor-Advised Fund
Making a donation through donor-advised funds are becoming more popular.
Donor-advised funds are charitable giving accounts offered by a sponsoring organization that is designed as an accessible, simple and less expensive alternative to private foundations. Put your money in, let the sponsoring institution manage it and then make a donation to the cause of your choice.
Set Up a Private or Family Foundation
Some high-net-worth donors and families set up private family foundations for their charitable activities.
Although some private foundations are large and well known (the Rockefeller Foundation, for example), with matching staffs, most of the approximately eighty thousand private foundations are unstaffed and have less than $1 million in assets.
Your foundation is the best way to make sure your charitable contributions entirely match to your values and interests.
Join a Giving Circle
If you've ever belonged to a book or investment club, then you know the basics of a giving circle. Giving circles are relatively new to the philanthropic scene but have gained ground rapidly. Making your donation through a giving circle is both fun and practical.
If you are concerned about making a donation to a particular issue, or even a geographic area, you may want to seek out intermediaries that are working specifically on that issue or in that locale. Making your donation through a trusted group that knows a cause inside and out can be reassuring.
Online giving is often called crowdfunding. Donors of modest means, in the aggregate, can make an enormous difference. Online giving is still not the main way that donors give, but it is the fastest growing method.
Young people love online giving. Some charities are exclusively online. Charity: water, which furnishes communities in developing countries with fresh, clean water; and Kiva, which provides micro-loans to small entrepreneurs around the world, are examples of these digital age organizations.
Donate Your Car, Food, or Clothing
Donating your old car could be just the trick to get it out of your driveway and to do some good. Although there are car donation scams, you can do it in more ways than ever that benefit a great charity. Just follow our rules of the road.
Don't forget about donating other things too, such as furniture, appliances, food, and clothing. Food pantries and thrift shops have more needs than ever. Find these charities in your neighborhood and know that you are engaging in the most direct giving of all.
Give Your Time
Volunteering doesn't cost you a dime, and it is the "in" thing to do these days. More volunteers than ever, in all age groups and from all backgrounds, are finding their way to causes that inspire them. Whether you have one hour a week or one day a year to give, use our tips to help you find your perfect volunteer opportunity.