Donating is a beautiful act of giving.
When
you decide to donate monthly to a charitable
foundation of your choice, you make a monthly financial commitment to the
charity and yourself. While this act helps you monitor and control your
finances, charitable organizations also prefer monthly donations every month.
Here's why;
For
many charitable institutions, especially small to medium scale ones, revenues
in the form of donations usually fluctuate dramatically from one month to
another, as well as yearly. Therefore, when you donate monthly,
it offers the NGOs and various such institutions a steady and predictable
source of funding. It also allows them to prosper from other benefits of
monthly revenue income. For example, administrative and other paper works
during donations are better streamlined. Additionally, when the donation flow
is predicted well, charities can focus on fulfilling their mission by planning
future projects and activities without worrying about the funds.
In
addition to supporting the charity you care about, there are several benefits
for donors like you:
A) When
you donate monthly, you are committed to causes that are
important to you. This will help you plan and strategize your donations to
charities.
B)
Scheduling a monthly donation does not only help a charity or an NGO forecast
their funding, budget their finances, and plan future programmes, it also helps
you, the donor, budget your monthly spending. Instead of the Diwali, Christmas,
or New Year donations, you may want to consider donating on a monthly
basis.
C)
Tracking and usage of donations allows you to also keep a tab on your tax
documents. Beyond taxes, by understanding your donation history, you will be
able to assess better and plan your charitable strategy and budget for the next
financial year.
D) When
you donate, it allows you to make a more
significant charitable impact. One month after another, your timely donations
will always be better weighted than a few sporadic donations made to charities
throughout the year.
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