Reasons to donate to your charities of choice

Reasons to donate to your charities of choice

Reasons to donate to your charities of choice

Small Charity week is a campaign which was first established in 2010 to celebrate and raise the profile of small charities across the UK. By donating to the good causes that you care and passionate about not only benefits the charities themselves, it can be deeply rewarding for you too. Millions of people give to charity on a regular basis to support causes they believe in, as well as for the positive effect it has on their own lives. There are many reasons to donate to your charities of choice, but why do we find giving to charity so gratifying? In this blog post we’ve taken a closure look at reasons to donate to your charities of choice, and how your donation benefits those less fortunate than yourself.

The current economic factors have made a huge impact on giving; however, this doesn’t mean that you should put donating to various charitable efforts. You might be surprised to learn that, ultimately, it might be you who reaps some of the best rewards of your donation. Here are nine positive reasons to donate to your charities of choice.

When giving to charity, the size of your donation correlates to the number of people that can be benefited from your donation. You don’t have to be donate a lot to make a significant difference; even small donations have the potential to drastically improve an individual’s quality of life.

1Improving Self-worth
Donating to charity is a major mood-booster to the poor or any kind of charity is a good way to feel good about yourself. Recent research has identified a link between making a donation to charity and increased activity in the area of the brain that registers pleasure – proving that as the old adage goes, it really is far better to give than to receive. Most people find helping underprivileged people to be a part of the meaning of their lives. However, the act of charity should be sincere to produce such a feeling.
2Strengthening personal values
Many successful people come from a poor or underprivileged background. They say when you reach the top, you should not forget to send the lift back down. In order to give back to the people whose support got you to a good place, you can help them by donating to charity. This simple gesture also keeps you humble in success. Having the power to improve the lives of others is, to many people, a privilege, and one that comes with its own sense of obligation. Acting on these powerful feelings of responsibility is a great way to reinforce our own personal values and feel like we’re living in a way that is true to our own ethical beliefs.
3Giving Is More Impactful Than Ever
In a world where everything is becoming a victim of materialism many people are concerned that their donations to charity may be reduced by tax or administrative costs, preventing the full amount from reaching the people or causes they really want to help. Thankfully there are ways to make the most of every donation to charity.
4Importance of Generosity
As mentioned earlier, we take so many aspects of our life for granted. Donate to charity and you will come across how the world is deprived of the simplest of blessings. By sharing the experience of donating to charity with your children shows them from a young age that they can make positive changes in the world. Children naturally love to help others, so nurturing their innate generosity. It brings home the message to be grateful for your own privileges. It’s likely to mean that they will grow up with a greater appreciation of what they have and will carry on supporting charity in years to come. So Why not starting a tradition to donate to your charities of choice donating to charity with your children is easy – try creating a family donation box that everyone can add to and nominate a family charity each year, involving the children in choosing which causes to support.
5Socializing
When you donate to charities of your choice and join other not-for-profit organisations, you will come across like-minded people. You will come to face a side of the world you never knew existed. It not only helps you make more friends but allows to form stronger groups that can help the masses and fight for good causes.
6Just Causes
Your donate will help you discover organisations and causes they fight for. It makes you aware of causes such as poverty, serious diseases, even mental health. Find what you connect with and learn how to fundraise for it.
7Just Because You Can
One of the most important reasons to donate to your charities of choice is because you can. Many of us were born more privileged than others. It is not about being rich; you may be more educated or in better health. Use your privileges to bring hope to the underprivileged. The act of charity does not have to be big or leave a huge impact. Just a simple act of kindness at the right moment can give someone a good day. These days you can also make online donations that can help keep charity alive even during a busy life.
8Encourage Friends and Family to Do the Same
Your reasons to donate to charities can inspire your nearest and dearest to give to causes that are important to them and could even bring about a family-wide effort to back a charity or charities that have special significance to you as a group. Family giving creates a bond, helping to bolster relationships through a shared goal and raising more money than could otherwise be possible through individual donations. The chances are, many of your family members are already giving to charity, so by working together, a simple act of giving to those charities that are important to you both as a person and/or as a family group helps make positive impact.
9Using gift aid
If you’re a UK income or a capital gains taxpayer, you can help boost the amount of every donation that you make by giving through Gift Aid. Gift Aid is a UK tax incentive that enables tax-effective giving by individuals to charities in the United Kingdom introduced in the Finance Act 1990 to help charities to get the most out of the funds they receive. Gift Aid simply enables the charity to recover the basic rate of tax on your donation, the scheme adds 25p to each £1 you give at no extra cost to you.

So How Does Gift aid work?

The process is really simple All you need to do is fill out a Gift Aid Declaration (GAD) form. This is a statement from you to the charity confirming that you want to donate through the Gift Aid scheme and receive tax back on your donation. Charities don’t pay tax on most types of income, which is why the tax paid on financial gifts can be claimed back.

Your donations won’t qualify for Gift Aid if they’re more than four times what you’ve paid in tax that tax year. If you stop paying enough tax at any point, you must tell the charity you’re donating to. Further details to the changes in gift aid can be found here.

This blog is intended as a brief commentary on changes to the Gift Aid rules for small donations. No responsibility can be accepted for any action taken in reliance of this note and specialist advice should be taken in every case. ABS Accountancy would be happy to provide such advice.

Leave a Comment

Your email address will not be published. Required fields are marked *

%d bloggers like this: