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 Home - Articles - How to Continue Charitable Giving during a Recession


How to Continue Charitable Giving during a Recession

by Wesley Watkis
http://www.thewandwgroup.com
© 2009

Finding ways to continue charitable giving during a recession can be rough. Times are probably tough for you and your family, but they are equally hard for charities. Many of these organizations help people who cannot help themselves or who don't have enough money to meet their most basic needs. When the economy sours, these charities struggle to find the necessary resources to keep the help coming. There are a few ways, however, that you can continue giving and still have enough left over to take care of yourself.

Reduce amounts, but still give - Perhaps you used to send a large check to your favorite charity, but can no longer spare the money. You don't have to give a large gift in order to make it worth the effort, however. One very effective way of continuing charitable giving during a recession is to plan small amounts that you can give. If you can pare down your expenses to find the money, or even find ten dollars in a month to give, the charity will be glad to have it. It's not how much you give, it's giving what you can, and even that small amount can make a big difference in someone's life.

Consider in-kind donations - If no amount of money is available in your budget, what about giving away some of the items clogging your basement? Many charities will take donations of any usable household items, which they can sell to raise cash. They'll pick it up, and not only do you not have to hold a garage sale to get rid the clutter, but many of those items are tax deductible. Be sure that you are only giving away items in good order, however. Sending broken items forces the charity to pay money to take it to the dump, and actually takes money away from they people they are trying to serve.

Time is money, too - Your budget may be under so much stress that you have no spare cash and you've already sold your extra items to make money for your own needs. Your time, however, won't cost you a thing. Even if it's not money or food you are giving to the food bank, for example, they still need volunteers to sort through the donations and to make packages for those in need. Many other types of nonprofits are also desperately in need of volunteer help, and volunteering is a fabulous way of continuing charitable giving during a recession. You may not have the resources to give material goods these days, but you can still help people in need.

Continuing charitable giving during a recession isn't always easy. Many people are feeling the pinch, and finding the money to give may not be possible. With a little creative thinking, however, you can still find ways to give. Small amounts of money, unused household goods, or just your time can show your spirit of generosity. Times may be tough, but even the smallest of gifts can make a tremendous difference and contribute greatly to your own wealth satisfaction.


Credit:

About the Author:

Questions? Email me at wesley@thewandwgroup.com and visit our website at http://www.thewandwgroup.com . New Money Talk is a weekly article focusing on retirement, personal finance, and estate planning. Comments and questions are welcome, but because of the volume of email, personal responses are not always possible.


Related Information:

NBA Benefit Provider - FedEx

NBA Resource Article - IRS Offers Tips for Year-End Donations

NBA Resource Article - Charitable Donations: Give or Take?

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

 

  

 

 

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