Impact giving is a new model of philanthropic altruism in which an impact philanthropist endeavors to personally make a difference in the world and ensure their gift will deliver significant, specific, and long term results. However, the implications of philanthropic impact giving are vastly different from other models of philanthropy.
Here are a few easy ways to get the most bang for your buck when charitable impact giving.
4 Ways to Maximize Your Impact Giving
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Prioritize Your Focus to Make a Strong Philanthropic Impact
While it may be tempting to donate a little bit to several organizations, that is not the way to go if you want to make the most impact. To truly make a big impact, simply focus on a single organization and donate all that you intend, rather than spreading smaller donations around.
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Do Some Research on Nonprofits
Before deciding on which organization to donate to, it is really important to do some research to see if making a donation will really make an impact. Some nonprofits are more focused on those in charge of them instead of the people they claim to help. A good way to see if the organization that you are considering is transparent and trustworthy is by finding out how much they spend on administrative costs every year. If the annual amount is more than 20% of what is donated, scratch them off your list.
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Strategize Your Impact Giving
Charitable organizations tend to maximize the benefits of your contribution when more general funds are contributed. However, there are different ways to give that can increase your philanthropic impact.
Make unrestricted gifts.
Charitable organizations tend to maximize the benefits of your contribution when more general funds are contributed. By providing general support to a non-profit, you can give the charity the flexibility to use the funds at their discretion towards areas that need critical support. This helps them do the most good and deliver stronger, and more impactful, results.
Group your impact giving.
Pooling your donations with other contributing family members or friends is a great way to start a giving tradition and make a larger impact than you otherwise could on your own.
Give a multi-year gift.
Pledge to long-term support of a charity you love by planning a multi-year charitable impact commitment that you contribute to each year.
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Donate Locally to Witness Your Personal Impact
One way to see how your impact giving has made a direct difference is by choosing to donate to a local organization that serves your community. One great organization located in the Orlando area is The Mustard Seed of Central Florida.
Make a Charitable Impact at The Mustard Seed
The mission of The Mustard Seed of Central Florida Furniture and Clothing Bank is to help rebuild the lives of families and individuals who have suffered disaster or personal tragedy by providing household furnishings and clothing while being environmentally responsible to our community. Consider donating your funds, furniture, or time by calling us today at (407) 875-2040.
