Topic: Should I donate to charity? - page 9. (Read 1826 times)

Yes, of course.
But I think you need to check their background and how the money is used. They should be transparent about that and tell money distribution, policy of that and how much money is used for overhead.

according to the person is a good intention and action when we can profit and a small part is given to someone, it is also the actions of the wise, and not many people who want to be wise, this one of them, for people who first we take care of is the closest person like family, orphan, home neighbor, and friends who are in need of our help.

Yes if i have many money i will donate on charity because everytime i see childrens in street my hearts breaks.

You are ignoring a very important thing. Donating money is the easiest part. You need to make sure that this amount is properly utilized. That is the difficult part. You need to constantly track the movement of your money, and for which purpose it is being used. I am saying this out of my own experience, as I have seen NGOs squandering the money donated to them.

My heart breaks whenever i see childrens in the streetside knowing that they don't have shelter, no enough food, no one to tkae good care of them. And i just thought if i am just a multi millionaire or had a lot of money i will surely give them anything they need. Or i will brought them into the agencies that can help them and i will donate to that charity for the poor childrens they are helping .

Obviously I can speak for natural persons...because everyone has a different income level and that means among others...a different level of disposal income and not less important, a different level of risk adversion ( which would make you save more or less just in case) , but what i would definitely advocate is for companies to donate a percentage of their profit to social causes..i believe companies have a great social responsibility with the communities they operate in.

yes, for those who already feel able to contribute, I think the action is good enough because it can help ease the burden of people we contribute to be able to meet the needs of their lives that are less able

Any amount is very helpful into a charity. Many children and maybe elders will be provided by their need by your donation. In Donating Money, their is no limit.

This is a wallet created by you, right? I can see zero transactions in this wallet. What do you think about the users in this forum? Do you think that they are all idiots? Please take your scam and spam to somewhere else. If I want to donate to charity, I have dozens of options to chose from. I don't need your scam account.

If you are financially able to support a charitable cause, by all means you should do it.

There are many charities that are very worthy causes.  I've worked with non-profits and charities for the past 12 years, so I can give you a few pointers.  There's really no bad way to support something you believe in, but from experience here's my suggestions:

Some people like giving to charities that are large and well-known.  Some of these are very well-deserving.  If you're in the United States, or looking to support a U.S. based charity, you can see ratings of all the large charities on this website, Charity Navigator: https://www.charitynavigator.org/

One thing that many people find important when considering charitable giving is the amount of your contribution that goes towards the cause.  For example, if you donate $100 to feeding the poor, how much of your money actually goes to those in need and how much of the money is used by the charity to cover their costs of overhead and operations.  There's no perfect way to figure out what is the optimal number.  Ideally, all of your money would go toward feeding the poor directly, but in reality, the charities need to pay for staff, office space, electricity, and other costs, so it's likely that some percentage of the funds they bring in goes towards these costs.  Usually, a good benchmark is under 20% overhead / 80% toward the direct "program services".  Some charities can do much better than this ratio, it really depends on what their charitable purpose is and how large of an operation they are.  Larger operations often can save costs overall because they can essentially "buy in bulk", so sometimes they can do a ratio of 90% / 10% or even better.

If you're looking to support a charity that's local to you, this website lists all charities in the U.S., large and small: https://www.guidestar.org/Home.aspx Sometimes supporting a charity that is closer to you is preferred by people, I can understand that. GuideStar lists all U.S. qualified charities.  They'll be listed on their site as a "public charity" as opposed to a "private foundation".  Private foundations are generally large funds that are set up by philanthropists (an example is the Bill and Melinda Gates Foundation) for purposes of giving money to charitable purposes.  They generally do not raise money from the general public.

One thing to make sure of is that you're legitimately donating to a charity.  Just like anywhere else, there are scams that set up fake websites and fake fundraising campaigns.  Make sure that you don't fall victim to one of these scams.

Another thing to be careful about is crowdfunding websites, like GoFundMe.  Though there are legitimate charitable causes on there, there are also many fakes, so make sure you're dealing with a real charity before you donate.

In the United States, if you donate to charity, you can claim a tax deduction for the amount of your donation, subject to certain limits.  I'm not an accountant so you should consult one if you plan on making large donations.  One special thing to note as it relates to cryptocurrency: Donations of cryptocurrency can, if donated in the right way, significantly lower capital gains taxes, which can reduce your income tax liability substantially.  There are crypto-savvy accountants that can help you with that, it is similar to if you donate stock.  Essentially, donating an asset to charity allows you to claim a deduction for the full market value of the asset.  If you first converted it to dollars and then donated those dollars, you would be subject to capital gains taxes on any gain on the value of the crypto/stock/etc., so you can see how, if you are able to work with a charity to donate in crypto, you can significantly reduce your taxes by offsetting capital gains with charitable contributions.  Again, talk to a tax professional, I am not one, etc.

Another way you can support charities is by donating things that you no longer need, such as an old computer, or old clothing or other things that are still useful but that you don't have a use for any longer.  If possible, try to give something that is at least functional.  Some charities will accept things that aren't functional, like a broken computer, but if it's the case, try to make sure they're able to accomodate that.  Some charities really are small and unable to store and/or have repaired something that they can't use.  Also, some are so small that they literally have nowhere to put donated goods, so in those cases, money is probably best.

Outside of the United States, most countries do have a government registry of charities, so it is always a good idea to make sure the organization you're supporting is listed.  I do not know all of the rules on every country, but many countries allow you to claim some tax benefit for supporting a cause.  A good place to look for such a list would be on the government websites for your country.

In any event, supporting something that you care about is a great thing to do!  One last thing to always keep in mind: charities also often need volunteers to give their time to help them accomplish their mission.  If you have time to spare, consider volunteering!

Good luck with your crypto trading.  I hope you all make lots of money, so much that you're all able to donate some to good causes that you support!

Best regards,
Ben

it is the right thing to do, charity at least can share and lighten the burden of people with our charity

Yes, we should donate. It's a best way to help others especially those who is in need. In this, you can be a blessing to others.

Yes you should, after making a lot of money and stuff, and you have excess, I think it is expedient to donate to charity there by helping the less privilege, also helping the society to develop both morally and structurally.

You should donte to charity's  if you rich people. Eventually poor or rich people can donate charity's if they want to donate.

The best solution is to make good deeds. Money doesn't solve any problems. Though positive and constructive actions ma be beneficial to everyone))

Hello
Of course you need to donate
course if you search , please beware of whom you will give away, because there are a lot of people who are in the bad light, and I hope you will do the right thing

world is full of inequialities, whenever you feel like sharing, just look around, you will find plenty in need of help.

I stopped giving money to charity years ago. Over here on the emerald Ilse they were found to be not as transparent as they should. I do give to charity in other ways. Food, nappies, clothes

It would be very noble if you can alot portions of your earning to help those who are in need. It brings great joy to be able to help others especially the less fortunate.

If someone is living in poverty, it should be their responsibility to work hard and get out of it. You have to spend YOUR money on YOURSELF and YOUR FAMILY. Coz you worked hard to earn this money.