Importance of Charitable Giving

Importance of Charitable Giving

Millions of people choose to donate their time, money, or personal belongings to charitable causes they believe in on a regular basis. Why do so many people partake in this tradition? Nando Caporicci explains the benefits of charitable giving and outlines 3 different methods you can donate to your favorite causes.

3 Reasons for Charitable Giving

Set a Good Example for Your Children

Your children watch every action that you take. When you decide to make charitable giving a part of your routine, your children will take notice of this as well. Plus, it shows them that it is possible to make positive changes in the world.

Nando Caporicci stresses the importance of raising awareness about charities to children early on so that generosity becomes a key part of their natural routine. To make it more fun, try including your children by letting them help to choose which causes your family supports.

Strengthen Your Personal Values

Many people feel like they want to help, but acting on this feeling reinforces these values – in fact, according to this study, 96% of people who give to charity say they feel a moral duty to use their wealth to help those in need.

Charitable giving is a concrete action that is simple to make and goes a long way to helping others. For many, it is the best method of acting on the sense of obligation towards their values.

Boosts Your Mood

Nando Caporicci states that having the ability to give to others is greatly empowering, but more so is the act of acting on this ability. It’s a way for people to reach fulfillment when they are fortunate enough to be financially fulfilled for their own families.

3 Types of Charitable Giving

Cash Donations

The simplest form of charitable giving – by giving donations in cash to the charity of your choice, you empower a cause you believe in. According to Nando Caporicci, you can also benefit by getting tax deductions when giving money directly to charities.

Time

If you are low on funds but have time to spare, the gift of time via volunteering is priceless. There is a limit to what money can buy – sometimes your favorite causes need a helping hand.

This allows you to get your hands dirty and get directly involved with a cause that is in line with your personal values. Besides, volunteering your time can also help your favorite charities to gain funds – for example, you can volunteer to run a fundraiser!

Giving Away Valuables

Do you have furniture or clothes you no longer use? Perhaps you could sell them for cash, but Nando Caporicci suggests a better idea – donate them to a charity that needs them more than you do. If your favorite charities don’t take physical donations, consider hosting a community garage sale to raise money that can be donated to them instead.

Whether you can afford to give a lot or only a little, every little bit counts to making the world a better place.

Nando Caporicci

Nando Caporicci is the founder and owner of Olitris Technologies. Currently located in Les Cedres, Quebec, he is an entrepreneur and self-proprietor with a passion for Bitcoin mining hardware.

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