Charitable Giving a Year-Round Cause
As the year comes to a close, you have likely been overwhelmed with requests for charitable contributions by nonprofit organizations new and known. It’s just that time of year. While at least one-quarter of charitable giving by individuals takes place during the holiday season of the fall and winter (Center on Philanthropy at Indiana University), here’s a push to start thinking about your philanthropy at year-beginning.
In the new year, why not consider planning out your giving sooner. This way, you are not rushing to identify causes and organizations and balancing charitable giving with budgets tapped out with holiday shopping and travel spending. Just my two-point-twelve cents!
Americans and many other folks around the world look forward to their holiday giving and many make it a family event, inviting children and relatives to identify causes together, in making a holiday gift. Our family did that again this year and it was quite fulfilling to engage in a process of getting to know each other’s values and motivations and then to ultimately see a compounded gift go a distance further in achieving something good. Next year, we’ve vowed to start earlier in checking in with each other for ideas and selecting our family gift beneficiaries. I can only imagine how much more meaningful this might be, spending more time discussing personal as well as family values and goals when it comes to giving back and being smarter about that giving. What issues are important to all of us (we all have various personal causes, but what’s the common denominator), how much can we/do we want to give, and what might we want to achieve together? This dialogue is actually a quite critical piece of the act of charitable giving, whether you do it collectively as a family or couple or individually.
Here are just a few tools/resources you may find helpful and that we’ll be looking into early next year!
http://www.learningtogive.org/moneysmartchoices/family_giving/fg-values.html# (See the downloadable personal giving values worksheet and the family giving values worksheet)
Happy New Year!