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The more I have give, the more my bank account has benefited. For me, the more I trust God with my finances the more I benefit. Benefit isn’t exactly the right word but give and trust, you will see the positive results. Not forcing this upon anyone but this has been true to me and my beliefs.
Love this! I sometimes forget that there are other people in this industry that hold similar values
Muslims holding above a certain threshold of wealth are required to donate 2.5% of the cash value of their assets every year. I practice it and like it because it becomes a habit, it keeps me humble about the transience of my worldly possessions and I can see the impact it directly has on people (I usually try and give it directly to deserving families in third world countries)
On a monthly basis outside of that I don't have a set figure but I usually try and give about 5%
Have to say, very surprised by people's responses on this thread in the best way possible.
Z4. Even if only the charitable replied I'm still surprised to see there were that many
I started giving about 10% of net in 2003 when I was not in consulting and making $30k per year. Got into consulting about 10 years ago and started giving 10% of gross about three years in primarily to need based scholarship funds at my high school as well as undergrad and MBA. I think education is extremely important. I also give to my church and whatever else comes up. I feel I have been blessed even more ever since I started giving to charity.
If you are all in the donating mood, I suggest you check out SACRED. It helps mothers and children, who are the victims of child sexual abuse. Usually due to the loss of father, SACREd helps mothers transition financially. It’s the only non-profit out there like it and so important. Please check it out. https://www.kidsaresacred.org
I pay taxes in Germany.
That is a valid response actually. Taxes in most European countries cover social safety net programs that are administered through charity in the US. The “need” for charity in Germany is thus less than the US.
The “round up” charities are awesome for those not ready to make a giant contribution. You can sign to have your utility bills rounded up to the nearest dollar. The difference will go to charities of your choice.
About 15%
I’m part of a group where 100 women have come together and every quarter we select one local non-profit via vote and we each donate $100 to that charity.
10-20%. There’s also the income we indirectly give back (e.g. keeping rent affordable for our multi-unit property)
10%-12% per year, use charity navigator and other sources to understand how much really supports charity goals and am directly involved in some of the charities I contribute to. I would encourage others to get involved or at least ask questions about the major charities you contribute to. Sometimes they have simple needs that you can easily address and it gives you more insight into what they stand for and how they operate.
I donate but wish charities would not share my name or be so aggressive in asking for repeat donations
10%
1%
I support 1 family in India (not mine) I have never met them, but my brother in law keeps us updated with their pictures and well being.
Pre-Trump tax changes we used to donate a few hundred or maybe a thousand. Various causes, animal rescues, etc. Now, with higher limit on standard deduction we don’t itemize so stopped making charitable donations.
At MD1 & SA1 - nope. We actually got crushed because of the caps on state and local taxes. Ended up owing 10k completely blindsided by it. Also should have had tax-free reimbursement for relocation but Trump killed that too so I had to go out of pocket on my movers. Any other smart ideas?
*awkward crickets*
Giving time is the best way to give to charities. I’m a Special Olympics coach, I habitually give blood every 8-10 weeks, and volunteer walking dogs at a nearby shelter. Get out into your community and do good!
20-25%
I give 1% after tax. I started small with just a couple dollars per pay, and every year added some $$. You don't even notice if it comes off your pay.
This is great!
Around 15%, I do a thorough research on the causes I support. And of course you don’t know what’s actually happening on the background. But it’s their responsibility to do it right. Meanwhile, it’s our responsibility to support where we can, if not financially, with time.
5% donation plus two hours volunteering most weeks, not including family “charity”
Oh the 5% is post tax
My spouse and I both participate at a board level with a few organizations. Many organizations have a need for individuals with strong business competencies to help guide strategic direction, ensure proper governance, and promote fiscal efficiency. And truth told, they also like the fundraising connections that the business community can deliver. We elect to work with organizations that we have a personal or emotional connection to which furthers our own personal “feel good” factor. In addition to our time, we donate 5-10% of our gross income each year to a combination the groups we are closely involved and others we appreciate.