How to Make Charitable Donations That Serve a Purpose
Becoming informed about charitable giving can lead to big returns—and even bigger community impact.
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SPECIAL PROMOTIONAL SECTION
Why give? It’s an important question. In the wake of the recession, people need more compelling reasons to part with their hard-earned income.
“There are numerous and diverse benefits of giving,” says Marisa Wigglesworth of The Franklin Institute. “Many organizations offer tangible benefits, such as special access to tickets or programmatic opportunities. Also, philanthropic gifts generate a tax benefit.”
Jim Travers of Community Concerts of New Castle echoes these statements. “We are all subject to life’s ups and downs, and those of us in good periods should feel an obligation to help others who are not so fortunate,” he says. “A benefit of giving is enjoying the opportunity to share what we can when tragedies occur, and we discover others’ unmet pressing needs.”
Rebecca Wilson of the Old Swedes Foundation had this to say about giving: “People give to Old Swedes Historic Site for one of several reasons: their family connection, their cultural heritage or their recognition of the importance of preserving the church and burial grounds for future generations so that we can learn how people lived and their influence on us today.”
“If you live in Delaware, you benefit from the services of nonprofits every day, whether you realize it or not.” says Christopher Grundner of the Delaware Alliance for Nonprofit Advancement. “Generally speaking, when the word ‘nonprofit’ is mentioned, the first groups that come to mind are disaster relief organizations, health-related foundations, and food banks.
Nonprofits also benefit the Delaware community outside of the services they provide. A recent study indicated that in 2010, nonprofits generated $5.3 billion in revenues and provided more than 60,000 jobs in Delaware—or about to 14 percent of all jobs in the state, says Grunder. The reported payroll for those Delaware jobs that year was more than $2.6 billion.
“In this sense, nonprofits are no different than for-profits,” says Grunder. “Nonprofit employers pay wage taxes, Social Security and Medicare, and their employees pay personal income tax.”
Individual giving in Delaware is below the national average despite income being above the national average. Grunder feels that if everyone in Delaware steps up to the plate, we can collectively help move the needle on individual giving.