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Wednesday, September 18, 2019

How Philanthropy Works

Most of us learned that sharing is a good thing. We did not know we were practicing philanthropy - we just knew that giving to other people. Decades ago, many people are tending to give to the organizations that touched their lives, such as churches, hospitals and hospitals. (Those three are still among the most popular recipients of charitable giving.)

Today, there are more than 600,000 charities and foundations operating in the United States, representing, it seems, every conceivable cause on the planet. Charities are making their presence known through elaborate ad campaigns, web sites and high-profile fundraisers. These more organized, more visible efforts are necessary, charities say, because:

Their services are more in demand than ever.
Government funding is declining and, in many cases, disappearing.
The cost of everything continues to spiral upward.

Americans have responded generously - charitable giving in 2005 totaled over $ 260 billion, according to the American Association of Fundraising Counsel. Who's doing the giving? Characters in the United States in 2002. Donors have become more savvy and now have greater accountability from the charities to which they give. In this article, we'll take a look at how philanthropic works, the various ways in which you can contribute and how to make sure your donation is where it should. We'll discuss tax-deductible gifts and look at volunteerism, another way of giving.

At its core, philanthropy is something that represents a direct effort to help others - ideally, expended. Many organizations directly benefit people who need help; others, such as conservation non-profit (see How The Nature Conservancy Works), contribute in ways that may but significantly affect us and our children and our grandchildren. We are free to give our money to charities.

The majority of the gift is not what characterizes a philanthropist - nationally, an independent survey found that people in the lowest income brackets tend to donate as much or more than their higher-ware counterparts. According to the BBB Wise Giving Alliance, the average American household donates about 2 percent of its annual income. Most of them say they rely on individual gifts for survival.

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