Did you know that charitable giving has been on the rise almost every year for the past 40 years? In 2014, charity donations in America reached its peak with an estimated $358.38 billion in contributions. When you dive into the statistics, it’s even more positive. Over 95% of households in America donate to charity. Individual donations make up the largest percentage of the contributions pie – 72% of total giving. The average annual contribution per household is roughly $3,000!
People clearly give to charity. But, we tend to have a perception that money is tight and therefore people do not give. In reality, when we ride the subway to work and see a homeless man asking for money, most people seem disinterested. This is one of many examples that occur in public. Thus, the general view is that people don’t really give. We would understand why most people don’t give to charity, but the data clearly suggests otherwise. With that said, we explore the top five reasons why people donate to charity.
Poverty is Solvable
Contrary to popular belief decades ago, poverty can be solved. The increase in charitable donations over the past 40 years is a great indicator that people are starting to understand this. It is no surprise that the number of people living in extreme poverty has drastically decreased from 63 million in 1981 to 44 million in 2010. These numbers continue to drop every year. Due to the awareness that poverty can be eliminated, people have been more inclined to donate.
We Feel Happy
No, this is not conjecture. Researchers at Harvard University conducted an in depth study about people donating to charity. The results overwhelmingly showed that donating to other people in need is directly correlated with their increase in levels of happiness.
Most people donate to charity first and foremost to help others in need, however they also are incentivized because donations are generally tax deductible. Others do it simply for the tax deductible. Either way, regular or online donations are a great way of avoiding paying extravagant amounts of tax to Uncle Sam.
Purpose in Life
Many people spend their lives searching for a purpose in life. They want to be part of something bigger, especially if the problem is solvable. Giving to charity is a fantastic way to have a good sense of self-worth, and this is a main reason why people donate.
Helping to Break the Cycle of Poverty
Some charities focus on delivering immediate aid to the underprivileged, and that’s where their mission ends. However, a growing number of charities, including ours, focuses on helping to break the cycle of poverty once and for all. This amounts to not only immediate aid such as food, but after hour’s programs that encourages people and builds self-confidence. This will eventually enable these people to go out, get jobs and provide for themselves and their families without any third party support.
To help break the cycle of poverty and continue reducing poverty rates, please consider making a donation today.