Are you looking for the list of best charities to donate the funds? Here are some interesting facts before that, during 2017, American individuals, estates, philanthropists, organizations across the U.S. have donated a whopping sum of $390.05Bn.
Do you know that the individual with age group 50-65+ donated 3 times more than the age group 20-35 years?
Donating time, money and other efforts to your best charities is a generous act and a bit relief from the tax deduction. The genericity index of individuals and corporations donating fund to nonprofit is growing YOY. It is expected that the donated fund to charitable organizations will cross $400Bn.
Plenty of charities raise loads of funds to run many social causes, events, and other programs, but many use large portions of their fund in marketing, administration expenses, staff salary and the limited amount goes for social causes. And unfortunately, some of the charities are not more than the smoke-and-mirror schemes.
Choosing the best charity to donate fund by name is a mistake some donors make. A donor must make a background check of nonprofit organizations before making any donations.
An individual can get benefit by donating the money to 501(c)3 nonprofit organizations. You can exempt the amount you donated to your best charities from tax deductions.
An individual must research on following things before donating fund to your best charity:
Factors to Make Decision in Choosing the Charity
The first doubt comes in the mind of donor is How to choose which charity to support? Deciding to help a charity is one thing but which charity you want to support is another thing. Look at sites like MyPhilanthropedia.org or GreatNonprofits.org to get a feel for what charities are out there. Start to research about each charity and make a list of your best charities where you want to donate fund and make sure they are accountable towards you and society.
Some of the factors help you to decide which charity to donate fund:
Type of Charity:
You want to donate to local charities or international charities. You can research the local charities in your locality who are working towards the upliftment of your neighbourhood. Even your small donation towards the charity makes a big impact and you can monitor whether you are utilized properly or not.
501(c)3 Charity vs Non 501(c)3 Charity List
Make a list of all the local and international registered nonprofit organizations and list out the 501(c)3 charities and other nonprofit organizations. You can exempt a bit of your salary from tax deduction by donating the fund to such nonprofit organizations. And, a surety that your money is going in the hand of right charitable organization.
Category of Nonprofit Organization
Every donor wants good charities to donate fund to make an impact on the society. Some generous donor wants to see an overall development of the society or some wants to donate for a reason like supporting the charity working towards the hunger, development of women, working towards women sanitary and hygiene, education, water crisis or maybe wanting to donate the fund in the natural calamity.
Support Your Charity
You can support your best charity not just by donating fund but by donating your time and efforts also. When using the iConnectX platform, your expertise becomes a fundraising tool.
Here's how it works: professionals pay for mentoring sessions with executives of their choice, and portions of their fees go straight to charity – any charity the executive has designated.