Up until this year, our charitable giving has been all over the place. If we saw something we wanted to support, we’d write a check. If our workplace had some sort of matching grant or charity drive, we’d participate. I always buy whatever a kid is selling when they come door-to-door because I remember how much I hated doing that when I was younger. (Although a pet peeve of mine is getting hit up for $1 at Safeway every time I buy some milk.)
We were sitting on a plane on so-called “Cyber Monday”, and thought it would be cool instead to decide on which organizations we wanted to support. (We also spent Sunday shopping at some outlet malls.) We weren’t alone. Payment processor PayPal just reported that charitable giving was up 45 percent during Thanksgiving 2010 as compared to last year.
Choosing Where To Give
Who should you let essentially spend your hard-earned money for you? Here is a list of the best charity comparison websites out there. In their holiday giving guide, Charity Navigator suggest that you pick charities that are financially healthy, committed to accountability and transparency, and creating measurable results.
However, giving for us is still personal, so we tend to include groups that are either local or have personally affected our lives. For example, Mrs. MMB and I both received some form of scholarship from our alma maters, so we give back to them.
Spreading The Love
In the beginning, I wanted to have us pick four organizations to support, and then divide our money evenly. For example, if we were to give $2,000 then each place would get $500. However, once we got going we ended up having so many different charities we “had” to give to, so we decided to split the money in half, and then we could give how we wanted. We could each give all of it to one single charity, or split it between 20 of them. Here’s what we ended up with:
*Microplace is not a non-profit, but instead a for-profit site owned by eBay that packages microloans to entrepreneurs in developing areas into interest-paying investments. All of my interest earned is reinvested, so that each year the outstanding loan balance grows. Right now, if you give a $20 investment gift to someone, you get another $20 matching gift for free. $40 impact for $20. The recipient picks where the investment goes, and when it matures they get $20 back to re-invest or keep.