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Most of us like to get involved in a charity, especially when it gets closer to the end of the year. The benefits are not only available for those who are receiving the contribution; it is also available for those of us who give it. We benefit because we have the personal satisfaction of sharing with those in need. We also benefit because we are able to claim the contribution on our taxes. Here are some of the different ways that we can give to charity. You might be surprised with the options that are open to you.
The first, and perhaps most common way for a charitable contribution to be given is to simply write a check. Most nonprofit organizations are able to accept monetary donations, either in the form of check, money order, credit card, or even cash. It is important for you to leave a paper trail, however, if you're going to be claiming the contribution on your taxes. This can either be in the form of a canceled check, credit card receipt or other receipt that comes from the charitable organization. It is a direct, simple, and effective way for you to provide for those that have a need.
Online giving has become very popular in recent years. In fact, it has taken on the name of micro-philanthropy and it allows for individuals who are only giving small amounts to charity to take benefit of what it offers. Although this is not the main way that donations are given, it is growing in popularity.
Some charities accept physical items as a donation. For example, you may be able to donate an automobile, boat or even a yacht to the charitable organization and receive the same benefits in return as if you were donating in cash. It is important for you to look at the options that are open to you when donating physical items. If you have to do all of the footwork on your own, it can be very difficult to complete the transaction. Look for an organization that is going to handle everything from your door to the sale of the product. Also, consider the fact that some organizations are going to allow you to direct the funds from the sale of those physical items to specific charities.
Some individuals and families have set up private foundations that will make donations automatically and regularly. This is often something that is done by families and individuals with a high net worth. If you set up a foundation, it is a sure way for you to match your giving with your assets.
Finally, it is not always necessary for you to give monetarily in order to give to charity. Even those who do not have money to give to charity have time that they can contribute. You can give of your time to the organization, doing work for them and helping to provide what is necessary to ensure that the majority of the contributions go to those who are in need. It is another option that is open to anyone who wishes to give to charity.
Maggie Caballero is an elementary school teacher who regularly volunteers with several charities. In writing this article, she consulted http://www.angelforhope.com/donate-your-boat/.
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