Remember These Best Practices When Giving Back

Remember These Best Practices When Giving Back

Community giving is a big part of Project 30 life. There are many great benefits to philanthropy, from team building and heightened morale to increased public interest and business growth. The best benefit of them all, however, is the opportunity to make a positive impact on the world around us. Although there are lots of ways to make a difference, we always think about how we can maximize our efforts. With that in mind, consider these points about nonprofit need:

  • What to Give: Just about any gift is appreciated by the leaders of charitable causes. Donation of skills, fundraising efforts, organization of food and clothing drives, and other offerings of time and labor are typically welcome options. Ultimately, however, nonprofit groups need money more than anything else.  Monetary gifts can be designated for use in a certain way, although unrestricted funds mean agencies can use them in the best possible ways at any given time. Sometimes the causes can apply the donations to larger matching programs, maximizing the gifts further.
  • How to Give: When we plan Project 30 giveback projects, we remember that nonprofits always face some cost for donations they receive. The costs of direct gifts are relatively low – enough to cover the preparation of tax receipts and the completion of other administrative duties. Donations made through PayPal, check, and credit card come with costs ranging from 15 to 30 percent of the amounts given. Money earned through fundraisers is associated with an approximate cost of 50 percent of donations.

Remember these points as you give back to your community, and follow Project 30 on Twitter for more insights like these.