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I help people plan their philanthropy. Here’s my advice to increase the ROI on your charitable dollars.
1. Go deep before you go wide. Choose a single charity and go deep with your giving. $1,000 to a single charity is better than $50 to twenty charities.
Deep also means personal participation. Go to events, volunteer, ask the ED how you can bring your skills.
Deep also means personal participation. Go to events, volunteer, ask the ED how you can bring your skills.
2. Make it personal. Do you have a particular interest? Something that speaks to you personally or to your family? Find organizations that do that.
3. Be a connector. If someone expresses an interest in a charity you support, invite them to take a tour with you and the ED, bring their family along when you volunteer (if appropriate).
Choose that charity for team building activities if conducive.
Choose that charity for team building activities if conducive.
4. Get the match. Use your company’s matching gift program to increase the monetary benefit of your donation.
Imagine giving $1,000 and then doubling it with a small effort on your part.
Imagine giving $1,000 and then doubling it with a small effort on your part.
5. Give to the general fund. I can’t stress enough that these organizations need funds to operate.
There is misguided skepticism that charitable organizations can’t be trusted with unrestricted funds.
There is misguided skepticism that charitable organizations can’t be trusted with unrestricted funds.
6. Raise your hand for board membership. Good charities have good boards.
If you are willing to go deep, make it personal, be a connector, get the match, and give to the general fund, then congrats you are already doing board member activities.
If you are willing to go deep, make it personal, be a connector, get the match, and give to the general fund, then congrats you are already doing board member activities.
There are some investments you will make in your life that have a well defined ROI.
The proper planning and investment of your charitable dollars has an unknowable, yet infinite ROI.
Check my pinned tweet to learn how to join the #TenPercentClub
The proper planning and investment of your charitable dollars has an unknowable, yet infinite ROI.
Check my pinned tweet to learn how to join the #TenPercentClub
