The WalletHub site has a list of what it calls the “best charity credit cards” from major issuers, assisting causes from breast cancer to international service. And if you’re great at, say, changing a tire or fixing a leaky faucet, look for a charity that could benefit from your teaching those skills to save staffers time and money. Here are five unusual ideas for making charity donations that won’t cost you a cent.
The main idea is to reach a wide audience of current donors and potential new supporters, who pledge to complete a gift after the drive ends. It’s also important to keep your chosen charity informed of your plans. Most organizations have a business outreach individual you can contact and coordinate with for your donation and any resulting PR. Even though the charity is a nonprofit, you still need its permission if you want to use its branding in any press releases or announcements you make to customers. Remember that contributions and gifts over a certain monetary threshold may also require written acknowledgment from the charitable organization. For your donation to qualify for a tax deduction, your chosen charity needs to be a bona fide 501 organization.
Similarly, vitamin A supplementation, like Helen Keller does, is an effective way of reducing child mortality, as is vaccination . It’s of course possible to research charity options yourself, but you can save some time by outsourcing that labor to a careful, methodologically rigorous charity recommender like GiveWell. Your gently used furniture can help a family make a new, empty apartment feel like a home. If you think the only way to help your favourite charity is with a financial donation, think again! While donations of money are integral to many charities, there are many other ways to make a difference!
For a small business that’s tied to the community, it often makes sense to pick a local group. Customers are also likely to feel good about supporting a company that donates to charity. According to Squareup, giving back boosts a company’s image and leads to a more loyal customer base. Further, your brand image is improved because charitable giving demonstrates corporate responsibility. According to the Center for Social Impact Communication, millennials place great importance on corporate social responsibility.
Again, the details of charitable tax deductions can get a little tricky. It’s helpful to know your business’s net gross income and to speak with a tax professional. It’s better to talk to a qualified tax Ducks Unlimited Texas advisor than make mistakes on your tax forms and deduct contributions that shouldn’t be deducted. Improved team morale is another area in which businesses benefit by donating to charitable organizations.
Silent and live auctions for travel events, products, and other services donated by businesses can add to the revenue gained from these events. These events can be quite costly upfront, but they can bring in a significant infusion of cash. One of undoubtedly numerous examples is the off-Broadway York Theatre Company’s annual Oscar Hammerstein Award Gala, which began in 1988. It includes a dinner, speeches, award presentations, and performances. Celebrity recipients have included Stephen Sondheim, Sir Cameron Mackintosh, Harold Prince, Carol Channing, and Angela Lansbury.