July 28, 2021

The Importance of Charitable Giving

The Importance of Charitable Giving
Posted in: Business   Invest   Life   

Charitable giving is a term often heard around the holidays, or in some cases, around tax season. Nonprofit charitable organizations often rely on contributions from businesses and individuals to help them accomplish their goals and provide the products, programs, and services needed. Below are just a few of the reasons why giving to charity is important.

It Is a Great Way to Pay it Forward.

There is a good chance that someone in your life has paid you a kindness or helped you in some way when you were down. Charitable giving allows you to pay that kindness forward and assist another when they need it most. It is important to remember that even a little help may go a long way and may also prompt the person you help to pay the favor forward in the future when they’re able.

It Makes You Feel Good

Studies have shown[1] that doing good makes you feel good, and when people feel stressed, sad, or lonely, doing something that makes them feel good may help reenergize them. Participating in charitable giving also gives you a new appreciation and perspective of your own life, allowing you to see what truly matters. Sometimes, it is easy to become caught up in what you don’t have and what you still want to obtain. Yet, when you give to others, you may just appreciate where you are in life a bit more.

It Allows You to Set a Good Example

When you give to others, you set an example for others to emulate. Whether you are a boss, leader, or parent, you likely have someone who looks up to you. If they see you helping those less fortunate, they may be more likely to do the same in the future, allowing the spirit of charity to continue for generations to come.

It Makes a Lasting Impact

Whether your donations are small or large, you may make a difference in the world with your efforts. Many charities are in need of funds, supplies, and volunteers, and when people give, those charities are more capable of continuing to fund their mission into the future. Giving also has an impact in other ways, such as helping create a better environment.

Charitable giving makes you feel good while providing the necessary services and products for those in need. Whether your contributions are large or small, your money may help make a difference in the future.

[1] https://www.cafonline.org/my-personal-giving/long-term-giving/resource-centre/five-reasons-to-give-to-charity

LPL Tracking # 1-05163602

Sources 

https://www.cafonline.org/my-personal-giving/long-term-giving/resource-centre/five-reasons-to-give-to-charity

https://www.usatoday.com/story/money/2019/12/12/charitable-giving-why-its-crucial-your-life-plan/4351918002/#:~:text=Giving%20re%2Denergizes%20you%20and%20makes%20you%20better.&text=Engaging%20in%20philanthropic%20work%20gives,%2C%20can’t%20help%20themselves.

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