Use our year-end year guide for #GivingTuesday and beyond.
The holiday season encourages many of us to think about giving – to family, to friends and to charities and organizations that depend on our contributions at the end of the year. But finding the right organization to support is often more difficult than people realize. While many of us have our sources for charities, it can be time consuming to research and add a new qualified charity or nonprofit to the list, and the work of researching various causes can provide enough of a barrier to prevent you from giving completely. .
This is where we can help. This year, there is a particular need to support organizations working to help people affected by COVID-19, as well as organizations dedicated to supporting communities affected by hurricanes, fires and other natural disasters. You may also want to contribute to a group that works to promote social justice or close the racial wealth gap. And while altruism is its own reward, you should also know that this year's CARES Act allows you to deduct up to $ 300 in charity as a deduction above the line – even if you do not specify deductions. (Translation: You can deduct a few dollars from your tax bill.)
Here are some suggestions to help guide your charity sharing, whether or not you plan to make a one-time donation on Giving Tuesday – the annual day many organizations may offer matching donations – or provide the long-term support that comes with a recurring contribution.
In this article:
COVID-19 relief funds
Earlier this year, Haven Life created a list of COVID-19 relief funds that need your support – and organizations such as Feeding America and the American Red Cross still do the important thing. the work of providing food, emergencies and other important resources to people affected by the COVID-19 pandemic.
Charity Navigator also has a recommended list of non-profit organizations that provide help and assistance to communities affected by COVID. This online platform is an excellent tool if you want to make a charity contribution to a specific COVID non-profit organization. Charity Navigator is the largest charity evaluator in the country and an invaluable resource for people who want to make high-impact donations or plan an effective annual donation strategy. Charity Navigators' list of the best COVID-19 aid organizations includes Doctors Without Borders, Matthew 25: Ministries and the CDC Foundation.
You may also want to think locally. Supporting small businesses that may have lost sales due to the coronavirus pandemic is one of the best things you can do with your Black Friday dollars, and your area may also have food banks and other local aid organizations that can benefit from some extra end-of-year contributions. . Donating jars of food, old clothes, etc. is always an option – but giving money is often the better choice, as organizations such as food banks can use your dollars to buy food and other resources at lower prices.
Natural Disaster Support
In addition to the coronavirus pandemic, 2020 has seen a number of unexpected and unprecedented natural disasters. This year, forest fires covered the west coast while a derecho tore through part of the Midwest – and we had the most active hurricane season on record.
These forest fires, hurricanes and inland winds were all record-breaking in their own way – meaning that those of us who can afford to give may want to consider surpassing our previous donation records. A one-time donation to the American Red Cross can help support both COVID-19 relief and natural disaster relief, and a recurring monthly donation helps the Red Cross provide assistance in current and future crises.
Charity Navigator lists the Disaster Philanthropy Center as one of the top 10 emerging charities in a hurry, giving you good reason to add CDP to your donation list by the end of the year. If you are unfamiliar with the Center for Disaster Philanthropy, its goal is to create a world where the effects of disasters are minimized through thoughtful, fair and responsible recovery for all – and the CDP does this work by supporting medium- and long-term disaster recovery strategies that help people restore not only their property and / or their livelihood but also their mental health and well-being.
Racial Equality and Social Justice
Many took to the streets this year to protest police brutality and support the Black Lives Matter movement – and if you're looking for ways to put your money on racial balance and social justice, you can consider anything from to invest in the effect of racial justice to support black-owned companies.
You may also want to consider supporting a legitimate charity or non-profit organization founded in black. Charity Navigator has a comprehensive list of high-ranking non-profit organizations that support the black community, from criminal justice organizations such as the Equal Justice Initiative to performing arts companies such as the Alvin Ailey American Dance Theater. If you are interested in supporting social justice through civil liberties, you may want to make a end-of-year gift to the NAACP Legal Defense Fund, which for decades has helped promote racial justice through the courts, including helping to defend suffrage.
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