Wanting to Increase Giving
While we have given some of our resources to charities and have done some volunteer work locally, I think we can do a bit more. I was reading Mike’s thoughts on charitable giving today on Free Money Finance and decided go ahead and post my plans for 2010 on charitable giving.

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Donors Choose- A Charity Worth Considering
How does this program work? I’ll let the site explain how donations work:
DonorsChoose.org is a simple way to provide students in need with resources that our public schools often lack. At this not-for-profit web site, teachers submit project proposals for materials or experiences their students need to learn. These ideas become classroom reality when concerned individuals, whom we call Citizen Philanthropists, choose projects to fund.Fulfilling Student ProjectsDonorsChoose.org performs a good deal of work to ensure the integrity of its philanthropic marketplace. Here’s how it works:
- 1. Public school teachers create student project proposals at DonorsChoose.org. This consists of writing a one page essay and listing the exact resource(s) needed.
- 2. DonorsChoose.org volunteers screen each project proposal before posting to the website. Volunteers verify that the teacher and project meet our eligibility requirements, emailing follow-up questions to the teacher if anything is unclear.
- 3. Concerned individuals fund the student projects of their choice-in whole or in part-and are emailed immediate email gift acknowledgments from DonorsChoose.org which can be used for tax deduction purposes.
- 4. DonorsChoose.org emails the school principal, alerting him/her to the funded project.
- 5. Within the next week, DonorsChoose.org forwards the donor an “e-thank-you” from the teacher, which notes the date by which the donor can expect his/her full feedback package.
- 6. DonorsChoose.org purchases the student materials and ships items directly to the school along with a disposable camera, guidelines for preparing feedback packages, and a stamped envelope in which to enclose the feedback.
- 7. Students experience the project that the donor made possible! The teacher photographs the students participating in the project and writes an impact letter to the donor. Students write their own thank-you notes. This feedback is then mailed to DonorsChoose.org headquarters.
- 8. DonorsChoose.org develops the photos, and compiles the letter and thank-you notes. This feedback is mailed to the donor(s) who completed the project or made a partial contribution of $100 or more.
We have personally had great experiences with them and I wanted to expand my participation with them in 2010.
It’s More Than Donating Money
I think many people associate charities with donating money, but that’s not always the case. I bring this up because sometimes with all of our bills and obligations, sometimes we forget that there are less fortunate ones and who could use some help. I know there are many college students who are low on funds and may shy away from donating to charities. It’s still possible to be a giver when you have a small income.
Volunteering your time to a cause that matters to you is a great way to help others. The added benefit is that you can possibly learn a skill as well.
2010 Charity Challenge
I’m going to skip eating out for lunch for a week once a month and donate that money to a classroom project from DonorsChoose.org. I’ll do it around the end of the month and announce it here. You can join in and pick the charity you want to support that week, whether it’s time or money.
Hopefully we can encourage each other and by keeping this small, we can make it sustainable. If you volunteer, please share your stories too. I love hearing how others are making an impact on their community.
Name Your Charities
I’m opening the comments to you. What charities do you support? If you can include the link, perhaps you can encourage others to help your cause. If you’re a blogger, perhaps you can link to this post mention it in your tweets and get some of your readers on board with the challenge.
Photo Credit: TheAlieness GiselaGiardino²³
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I donate to Mennonite Central Committee quite often. They have reasonable overhead costs and spend time following up with the people they help. They don’t just give money – they develop skills. Here’s a link to their website: http://www.mcc.org
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When I was in college, I was the president of a club that was raising money to pay to have an elementary school built in rural Cambodia. As you can imagine, that’s a good chunk of money, so we didn’t raise all of the money while I was in school. I still donate to the club when I can and help out with their fundraisers. What I like about it is that there’s no overhead cost, except anything associated with the club. The organization we work with doesn’t take a dime for administrative costs or anything, every penny goes straight to getting the school built or hiring a teacher or digging a well so that the town the school is in can have water. Love it!
[...] I mentioned last month, one of my goals is support a charity in 2010 with money saved by not eating out for a week. I decided to start today and will not eat out the rest of the work [...]
GPT,
Thanks for this great blog. Since you are doing such an effective job championing personal finance for college students and recent graduates, I wanted to introduce you and your readers to a creative way for them to pay their savings forward!
We are a small US-based non-profit that is profiling low-income individuals who have set a specific savings goal. We allow people like you and your followers to make a tax-deductible donation for as little as $1. This incentivizes the saver to reaches their goal and inspires, we hope, our community to also re-examine and re-commit themselves to their own financial goals.
I hope some of your readers will consider saving it forward by joining our community.
Dylan
dylan@savetogether.org
http://www.crown.org
http://www.feedthechildren.org
two I like giving to.