Beingawisedonorwillhelpyoutoensurethatthepurposeofthecharityisservedandyouareactuallyimpactingmanylivespositively.Readontoknowhowtodonatewisely.Althoughdonatingmoneyisnottheonlykindofdonationthatanindividualcando,donatingmoneycansavealotoftime.Ifyoudon’thavetimetodootherkindsofcharitiesanddonations,youcanoptfordonatingmoney.Moneycanbedonatedinmanydifferentwaysbutitshouldbedonatedwisely.Youshouldknowhowitisbenefitingthereceiverandwhetheritisimpactingthelifeofthereceiverpositively.Donatingmoneytotheneedyisakinddeedbutyouneedtobeasmartdonor.Theamountofmoneythatyoudonatemustserveitspurpose.Donorsusuallyarenotexpectedtoexpectsomethinginreturnafterdonatingmoney.Butinsomecases,youtoocanenjoythebenefitsofbeingadonorbydonatingmoney.Listedbelowaresomereasonswhyyoumustfocusondonatingwisely.TipsforDonatingMoneyWiselyHerearesomereasonswhyyoushouldbeawisedonorifyouaredonatingmoney.DonatetotheRegisteredCharitiesIfyouaredonatingmoneytothecharities,makesurethatyoucheckthatsuchcharitiesareregisteredwithgovernmentauthorities.UnderstandthePurposeUnderstandthepurposeofthecharitytowhichyouaredonatingmoney.ClearthefactsaboutthecausethatthecharityoranNGOisworkingtowards.Ifthecauseisveryclosetoyourheart,youwillsurelyfeelhappyandsatisfiedafterdonatingmoney.Donotdonateyourhard-earnedmoneyjustfortheheckofit.LearnHowtheMoneyisUtilizedWhenyoudonatemoney,youhavearighttoknowhowthemoneyisutilized.Askforthebreakupofexpensesifyouaredonatingahugesum.Incaseifyouarenotclearabouthowthemoneyisutilized,donatetowhatexactlyyouwanttodonateyourmoneyfor.Forexample,youcandonateforbuyinggrains,payingschoolfees,payingmedicalexpensesorbuyinganyothernecessities.Youcancheckifthepurposeisservedafteryoudoso. LearnAboutthePrivilegesDonorsarenotexpectedtoexpectanythinginreturnafterdonatingmoney.Butinsomecasesdonorstoocanenjoyprivilegesbydonatingmoney.Ifyoudonateaparticularsumormoneyormorethanthatyoucanbeeligiblefortaxexemption.YoucancheckwiththeNGOorcharityaboutsuchexemptions.Apartfromtaxexemption,youcanalsoenjoyotherprivilegeslikefreegifts,passesoranyotherobjectsthatarepreparedbythecharitabletrustortheNGOasagenuinedonorfortheorganizationsthatareworkinggenuinelytowardsacause.DonatePersonallyNeverdonatethroughmiddlemenorthirdparties.Ifyouwanttodonatetoanycharitabletrustororganizationwhichisworkingtowardsacause,donatedirectly.Donatingdirectlycanhelpyoutoensurethatthepurposeofdonatingmoneyisserved.Youcanalsoensurethattheneedyisreceivingtheactualamountthatisdonatedtohimorher.DoNotGetCarriedAwayMakesurethatyouarenotgettingcarriedawayjustbytheprivilegesthattheorganizationisprovidingtothedonorsorthe“sad-stories”.Makesurethattheorganizationisactuallyworkingtowardsacauseandimpactingthelivesoftheneedypositively.DoNotDonateUndertheInfluenceNeverdonateunderanyone’sinfluenceorpressure.Donateonlyafteryouthoroughlyinvestigatetheorganizationortheindividual.Donateonlyifyoufeelhappyandcomfortabletodonate.Ifyouaredonatingunderpressure,youmaygiveyourhard-earnedmoneytothewrongperson.Donatingunderpressuremaynotservethepurposeofdonation.KeepRecordsandGetReceiptsIfyouaredonatingmoneyyoumustkeeparecordofyourdonations.Nowadays,mostofthecharitabletrustsandNGOsprovidereceiptstothedonorsforthedonationsthattheyaremaking.So,ensurethatyoucollectthereceiptsaftergivingdonations.Whenyouaresurethatthecharitytowhichyouaredonatingisgenuin,youcandonategenerously.Bydonatinggenerouslyandwiselyyoucannotonlytouchmanylivesbutalsobringaboutapositivechangeinthesociety.Asawisedonoryousetgoodexamplesforothers.Howtodonatewisely?Whyisitimportanttobeawisedonor?Whatkindofbenefitscanapersonenjoybydonatingwisely?Discusshere.
Being a wise donor will help you to ensure that the purpose of the charity is served and you are actually impacting many lives positively. Read on to know how to donate wisely.
Although donating money is not the only kind of donation that an individual can do, donating money can save a lot of time. If you don’t have time to do other kinds of charities and donations, you can opt for donating money. Money can be donated in many different ways but it should be donated wisely. You should know how it is benefiting the receiver and whether it is impacting the life of the receiver positively.
Donating money to the needy is a kind deed but you need to be a smart donor. The amount of money that you donate must serve its purpose. Donors usually are not expected to expect something in return after donating money. But in some cases, you too can enjoy the benefits of being a donor by donating money. Listed below are some reasons why you must focus on donating wisely.
Tips for Donating Money Wisely
Here are some reasons why you should be a wise donor if you are donating money.
Donate to the Registered Charities
If you are donating money to the charities, make sure that you check that such charities are registered with government authorities.
Understand the Purpose
Understand the purpose of the charity to which you are donating money. Clear the facts about the cause that the charity or an NGO is working towards. If the cause is very close to your heart, you will surely feel happy and satisfied after donating money. Do not donate your hard-earned money just for the heck of it.
Learn How the Money is Utilized
When you donate money, you have a right to know how the money is utilized. Ask for the breakup of expenses if you are donating a huge sum. In case if you are not clear about how the money is utilized, donate to what exactly you want to donate your money for. For example, you can donate for buying grains, paying school fees, paying medical expenses or buying any other necessities. You can check if the purpose is served after you do so.
Learn About the Privileges
Donors are not expected to expect anything in return after donating money. But in some cases donors too can enjoy privileges by donating money. If you donate a particular sum or money or more than that you can be eligible for tax exemption. You can check with the NGO or charity about such exemptions. Apart from tax exemption, you can also enjoy other privileges like free gifts, passes or any other objects that are prepared by the charitable trust or the NGO as a genuine donor for the organizations that are working genuinely towards a cause.
Donate Personally
Never donate through middlemen or third parties. If you want to donate to any charitable trust or organization which is working towards a cause, donate directly. Donating directly can help you to ensure that the purpose of donating money is served. You can also ensure that the needy is receiving the actual amount that is donated to him or her.
Do Not Get Carried Away
Make sure that you are not getting carried away just by the privileges that the organization is providing to the donors or the “sad-stories”. Make sure that the organization is actually working towards a cause and impacting the lives of the needy positively.
Do Not Donate Under the Influence
Never donate under anyone’s influence or pressure. Donate only after you thoroughly investigate the organization or the individual. Donate only if you feel happy and comfortable to donate. If you are donating under pressure, you may give your hard-earned money to the wrong person. Donating under pressure may not serve the purpose of donation.
Keep Records and Get Receipts
If you are donating money you must keep a record of your donations. Nowadays, most of the charitable trusts and NGOs provide receipts to the donors for the donations that they are making. So, ensure that you collect the receipts after giving donations.
When you are sure that the charity to which you are donating is genuin, you can donate generously. By donating generously and wisely you can not only touch many lives but also bring about a positive change in the society. As a wise donor you set good examples for others.
How to donate wisely? Why is it important to be a wise donor? What kind of benefits can a person enjoy by donating wisely? Discuss here.
