Often when considering donating to charities we are left wondering about whether it will make an impact and be worth the cause you are contributing to. When thinking of donating to organizations one must spend enough time and effort to identify potential and credible organizations that really do make a difference. Here at http://dial2donate.org/ you will find a wide range of charity organizations classified neatly into suitable categories to make them easy to browse through. It is best to invest in a few organizations rather than investing small amounts in too many organizations. Here are a few tips from well-known philanthropists like Warren Buffet, Rebecca Riccio, Patrick Dempsey and others, tips that will help become an effective donor.
Give with a purpose: The philanthropists suggest that one must contribute to high performing organizations with highly compatible goals that can really make a difference. The contributions must be made to particular achievable and distinct goals as less as one or two at a time. Follow a meaningful and strategic way of being generous with your funds so that they make an impact, else all the charity you think you do will be as good as squandering your finances away.
Buffet’s View: Warren Buffet has persuaded many rich and famous people to give away as much as half their wealth to charitable causes. He says that no matter where one may decide to donate money, time or skills, it is important that the donor feels good about the deed when it is done. He agrees that evaluating nonprofit organizations can be tough because you never know, philanthropy is such that you could keep at it forever without making sense because unlike the market, there is never going to be any playback.
Measure Charities: Riccio suggests the measurement of charities by the RISE framework. RISE is an abbreviation for Relevance, Impact, Sustainability and Excellence in management and operation.
Relevance is about how well the groups conveys and understands the deed that is being addressed and how well they are connected to the community or particular individual or receiver seeking charity.
The impact is based on how well the group can explain its achievements and is accountable for what it does with your resources that are being donated.
Sustainability defines its business model and demonstrates its reliability in dealing with revenue effectively and how well it can fit your personal giving plan.
Excellence in management and operations is how well their board of members and director are qualified, informative and professional with marketing materials. Once you have put an organization through the RISE framework you will be better able to decide whether they are deserving of your donations and time.
Donation an investment: People must think of charity as an investment to make a difference to society and the world. When one invests in long-term goals, savings, and companies, they put their utmost effort in evaluating returns; similarly one must evaluate the cause of donation as to what its social returns ...