In 2020 alone, Americans donated a staggering $471 billion to charity. Charitable giving is not just one of the best ways to help people in need but also to support a cause you trust or believe in.
Giving back is needed even more now with the repercussions and ripple effects of the pandemic, and every bit of help counts. The question is, how do you go about donating to charity? In this guide, we’re going to look at the top 15 ways to donate to charity.
Investigating Your Options: Where Should You Donate
The best way to know if a charity is trustworthy and reliable is by doing your research and investigating what you can find out about them online. You can even get in touch with the charity directly, which will give you a better idea of how they work and operate.
If your chosen charity does not have a website or information readily available on the internet, it might be advisable to look elsewhere for an organization that pulls in the same type of people in need.
If there’s any doubt in your mind about a specific charity, don’t donate, do more research. Even though you’re giving back, you need to be wary of scammers on the internet looking to capitalize on people’s charity.
When it comes to giving back and donating, almost everyone thinks of giving money. Donating money is simply one of the best ways because cash donations are straightforward and easy to manage. Plus, charities can put your funds towards their programs and help more people that way.
There are a few different ways you can donate money, including credit cards, PayPal, or checks. You could also make a one-time donation or set up a recurring donation so your chosen charity can rely on your help each month or year.
Pledging Stocks and Securities
Another popular way to give back is by donating your stocks and securities. You may not think that this is a very fast way to donate because it does take time for the donation to go through and be available. However, do not let that fool you into thinking this won’t help out the charity in any way.
It allows you to make donations instantly, even if you are unable to afford much money right now. Plus, when they pledge stock or securities, charities will often get an option of choosing what kind they want – e.g., cash or stock.
Giving In-Kind Gifts
One of the best donating ideas involves giving in-kind gifts. This means instead of giving money, you donate items or goods to the charity. This could be anything from clothes and food to furniture and appliances. De-clutter or reorganize your home to find things you no longer use but could be useful to others.
That said, there are a few things you should keep in mind if you choose to donate in-kind gifts. For starters, make sure the items are still in good condition, are not perishable, and that you have the necessary paperwork filled out (like a donation receipt). This will make it possible for you to deduct it from your taxes.
Volunteering Your Time
One of the most underrated ways of donating is by volunteering your time. If you don’t have any money to spare but want to help out a charity and make a difference, this is a great way to do it. The best part is that you can volunteer your time in many different ways.
For instance, by being a mentor or tutor for kids, helping out in the office, doing some fundraising, or even just spreading the word about the charity. The best part is you get to choose which charity you want to help out and become an active member of your community. Though often overlooked, this is one of the most memorable donation ideas, and it goes a long way.
Making a Bequest in Your Will
One of the most important and lasting ways to donate is by making a bequest in your will. This means that after you die, a specific amount of money or property will go directly to the charity of your choice.
While not everyone can do this, it’s an excellent way for those who have a lot of money to give back. It also allows you to choose the charity that will get the money, which means you can be sure it will be put to good use.
Donating Through Crowdfunding
A newer way to donate is by using crowdfunding websites like GoFundMe or Kickstarter. This allows individuals and groups to raise money for a specific cause or charity.
Crowdfunding can be a great way to collect donations from friends, family, and even strangers. All you need is a good idea – and some luck! You can raise thousands of dollars for your chosen charity.
Another great way you can give back is by matching the donation of others. If you’re looking for donating ideas, this can be a great strategy.
Often, companies will match their employees’ donations to charity, or they might even give double or triple what they donated. This means all the money they put towards helping the cause ends up doubling or tripling in value. If you have the financial capability, this is one of the best ways to give back.
Donating to charity doesn’t always mean giving money. Sometimes, it can also mean donating your time and energy by volunteering overseas.
This is a great way to help out a local cause while also getting to see the world. Plus, you often get to learn a lot about the culture and the people who live there. It’s a great way to make a difference in someone else’s life—and your own!
Donating Your Car
If you have no idea how to give back, why not consider giving away your old car. This could be anything from an extra car you don’t use anymore to an older car after you got a new one. Instead of selling it as you may feel is the best idea, why not find a charity that really needs a car right now and make their life easier by giving it to them.
The best part is that the charity will often take care of all the paperwork for you, so you don’t have to worry about it. Plus, you may be able to get a tax deduction for your donation. It’s a win-win situation.
Giving Appreciated Stock
Another great way to donate is by giving appreciated stock. This means that instead of giving the charity money, you give them stocks or bonds that have increased in value. Giving back involves donating something valuable, and if you invested in stocks that have appreciated, a charity would truly appreciate it.
This is a great way to donate because you don’t have to pay any taxes on the increase in value — and the charity gets the money right away. It’s a perfect option for those who want to give back valuable assets.
Volunteering At a Shelter
Want to help but don’t have a lot of money to spare? One great way you can give back is by volunteering your time and energy at a local shelter. This might be an animal shelter or even a homeless shelter.
It’s pretty much the least you could do for those who need it most. Plus, you’ll get to work with some hard-working and dedicated people who really care about helping others. It’s sure to be one of the best ways on how to give back.
Donating Through Payroll Deductions
One of the easiest ways to donate is by using payroll deductions. This means that a fixed amount of money is automatically taken out of your paycheck and donated to the charity of your choice.
This is a great way to donate because you don’t have to think about it. The money is automatically taken out, so you don’t have to worry about forgetting or being late with your donation. It’s also a great way to make sure you keep up with your giving, even when times are tough.
Have you wondered how to donate crypto to charity? Donating with cryptocurrencies is now easy as more and more charities adapt to Bitcoin and other cryptocurrencies. Digital currency donations are getting more and more popular, making this an exceptional idea.
The process usually involves a third-party wallet service that you can use to store and transfer digital currency or tokens. The charity can choose to sell the digital assets or hold for future profits, so it’s worth looking into if you’re interested in donating online.
By Donating Your Time, Energy, Expertise
Giving back is about many things, like providing the charity with something they simply cannot pay for themselves. No matter how much money they have available today, there is always more work that needs doing tomorrow.
There is no amount of money that could possibly replace someone’s dedicated effort. If you’re an expert in a craft or skill the charity can benefit from, you can volunteer yourself and your services.
Giving Back: The Best Ways to Do It
There are so many ways of giving back, and these are some of the best ones. We hope this article has inspired you to donate to your favorite charity. Whether you choose one of the methods we’ve listed or come up with your own, know that your donation will make a difference in the world.
That said, check out our blog, where we have more valuable content for you!