These days, many people are realizing that donating property, revenue, and other resources can be a personally and/or professionally profitable endeavor. Yet in many cases, individuals who lack experience in this sector don’t know how to get started. To ensure that you can have success with this venture, be sure to utilize one or all three of the planned giving tips outlined below:
1. Decide What Matters To You.
As noted in Forbes magazine, individuals who don’t want to see their charitable gift wasted need to be confident that the money they donate is making a significant difference. To ensure that this happens, you should clarify what your ideological slant and internal motivations are so you can give to an individual or organization whose vision and values parallel your own. Here are some questions you can ask yourself to accomplish this objective:
1. Which social issues am I passionate about? How do I want to support those causes?
2. How does my sense of collective consciousness or community play a role in how I want to give?
3. Am I viewing giving as a way to support friends and family who have been personally touched by a specific issue?
4. Am I attempting to exact global change, local change, or both?
5. Are there specific institutions or businesses I feel obligated to donate to because I am personally affiliated to them?
6. Is there a specific social issue I feel compelled to address, such as hunger, health, the environment, or education?
2. Think About The Long Term.
As noted in the Huffington Post, your giving should be influenced by long-term objectives. Responsible philanthropy is very sophisticated and involves defining what you are attempting to accomplish and developing an actionable plan that will enable you to realize the goal. When you organize your planned giving project in this way, you can avoid donating to organizations whose ideological slant and purpose are not in thorough alignment with your own.
3. Research The Recipient Of Your Giving.
One final strategy you should employ to optimize your planned giving activity is researching the recipient of your giving. Ideally, you want to give to organizations that are known for excellence in management and operations. You can determine how well a company is run by requesting a complimentary consultation. This will enable you to determine whether the organization’s space is inviting, safe, and clean. You’ll also be able to determine whether the organization has a company culture that is in keeping with your own values and preferences.
If you’re serious about getting into the world of planned giving, it’s important to move forward with knowledge and prudence. Make it happen now by utilizing some or all of the information and advice outlined above!