People donate to charity for many different reasons, often as a way to give back to the community or support a cause that is close to their heart. If you are considering supporting a charity financially or are already a donor and want to learn more about how your donations benefit the organisation, here are some benefits of donating regularly:
- Help those in need
It may seem obvious, but by donating regularly you help support charities in their mission to aid people and animals in need.
- Impact your community
You are directly contributing to the growth and development of your community by donating to and supporting charities in your area.
- Inspire others to donate
By donating regularly, you inspire friends and family to do the same. Whether they support the same organisation or another that aligns with their interests, that organisation receives more and is therefore more prepared to help others. If you have young children in your life, sharing your support of a charity with them will help them learn the importance of giving and develop a sense of community service.
While once off donations are always appreciated, there are more benefits to both you and the charity when you donate regularly.
- It’s better for the organisation
Very often when people donate once or twice a year, they do so in a large lump sum. However, if every person who donates to an organisation in one year were to donate a small amount every month, it would add up to be more for the organisation overall.
- It’s better for you
Donating a small amount every month is easier on your budget as you can spread the financial impact over the entire year. You are also entitled to a tax deduction based on your donation of up to 10% of your taxable income to an approved charitable organisation under Section 18A of the Income Tax Act.
- Monthly income means cash flow
Charitable organisations, like businesses, have monthly and yearly expenses for example, paying salaries and rent. Regular donations ensure that the organisation has cash on hand to pay for these expenses and is covered in the case of an emergency such as war or (as we have just experienced) a pandemic.
- Long-term planning
The predictable income allows for organisations to plan for all eventualities. This includes budgeting for future expenses, new campaigns or saving for emergencies.
- Participation and engagement
When donating to a charity regularly, you are more likely to take an active role in the organisation. By participating in fundraising campaigns, donation drives or spreading the message to friends and family, you are helping to boost the reach of the organisation and in turn develop a sense of community.