How donating to charities has impacted my life

Posted by on Jul 1, 2017 in Finance, Investment | Comments Off on How donating to charities has impacted my life

If one is lucky enough to have a relatively stable income in the middle class or anything above, it’s not that uncommon to muse about giving to charities. Of course it’s not easy for many people to part with their hard-earned money, especially if one gets nothing tangible in return. I don’t claim to be a saint and I must admit that for me it was not easy to have standing orders with my favourite charities, despite sharing their values. Nevertheless, I feel I’ve had very good experiences give to charities.

The most obvious benefit of giving to a charity, from an admittedly selfish point of view, is the sense of pride that one feels about having contributed to the betterment of society. While I don’t want to bang on longer than necessary about how this makes me a better person, it is something that has helped clear my conscious. While I certainly caution any potential donators against giving to a charity to offset whatever wrongs they might have done, from a moral standpoint, it must be said that I certainly sleep better at night knowing that I’m not wholly selfish with the money I earn.

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Continually, as briefly as possible, on the more personal element of donation there are the tax benefits of giving to charity. While there is no right or wrong reason to give to a charity, the tax breaks that donations afford one  are well-documented and worth looking into for anyone wishing to gain from their donations. Depending on how much one gives the tax breaks can be substantial.

However, by far the biggest benefit of giving to charity is the help that it provides to those who need it most. Many larger charities operate in numerous countries round the world, but I have often found that the biggest differences are those that come from supporting local causes.

Local charities often specialise in the needs and causes that are held dearly by the communities in which they are located. By way of example, Penny Appeal in the Birmingham focuses of attracting donations from the city’s sizeable Muslim population. While not Muslim myself, I find myself sharing many of the more temporal values and advocate people of all beliefs (and non-beliefs) giving to charities that make an impact in the local community.

As a teacher one of the greatest rewards I have seen in my job is the progress the students make as time progresses. At the beginning of the year the children may not have heard of a certain topic, but after a few months its what they are discussing on the playground. In this way I feel that I’m making a tangible impact and that is what appeals to me most about giving to charity. Over time and with a bit of luck one can begin to see the impacts that charities have on local communities.

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If you are thinking of giving, I can only enthusiastically encourage you to do so because you’ll make the world a better place and probably feel better yourself.