You must keep a bank record or written communication from a charity including the charity's name, along with the date and amount of your contribution, in order to deduct a cash contribution.
Zakaat (alms) is the name for what a believer returns out of his or her wealth to the neediest of Muslims. Muslims are encouraged to assess and pay their Zakaat during the month of Ramadan.
During Hanukkah, it is traditional to give children gelt, or chocolate coins, as presents along with real money. Children are then encouraged to give a portion of their money to charity.
Any parcel post packages sent to loved ones serving overseas need to be mailed by November 7th in order to arrive in time for Christmas.
Charity Navigator's data shows that 7 out of 10 charities we've evaluated spend at least 75% of their budget on the programs and services they exist to provide. And 9 out of 10 spend at least 65%.
Contributions are deductible in the year they are made. Thus, donations charged to a credit card before the end of 2015 count for 2015. This is true even if the credit card bill isn't paid until 2016. Also, checks count for 2015 as long as they are mailed in 2015.
In Ask Your Target Market's latest survey, 38% of those who donate to charity said that they are more likely to do so during the holiday season. 12% said they are less likely to make charity donations during the holiday season. And 50% said they are just as likely to donate during the holiday season as they are the rest of the year.
Buying a charity-affiliated product shouldn't be a substitute for donating directly to a vetted charity.
Five types of charities have reached or surpassed all-time high giving levels since the recession ended in mid-2009.
Giving to Education charities was up 4.9% to $54.6 billion.
Donations to Human Services charities were up 3.6% to $42.1 billion. Foundations saw an increase of 1.8% to $41.5 billion. Health charities experienced an increase of 5.5% to $30.4 billion. Charities that focus on the environment / Animals saw an increase of 7% to $10.5 billion.
98.4% of high earning households give to charity, and 63% say that a major motivation for their giving is to give back to the community.
Giving to charity rises about one-third as quickly as the stock market.
In 2014, giving to charity accounted for 2.1% of gross domestric product (GDP).
Corporate giving increased 13.7% in 2014 to $17.77 billion.
The average annual household charitable donation is $2,974.
58% of people share information about charities on social networking because they feel it makes an impact.
#GivingTuesday, falls on December 1st, 2015. A charitable giving version of Black Friday or Cyber Monday, #GivingTuesday kicks off the holiday giving season.
Giving USA 2015 reported slowed growth in international affairs. This was likely due to a decline in high profile international disasters.
Cyber Monday sales were up 8% in 2014 as compared to 2013, a smaller than expected increase, and 22% of online sales on Cyber Monday were on mobile devices.
Americans donated approximately 2% of disposable income to charity in 2014, a percentage which has not changed significantly in decades, regardless of the strength of the economy.
Giving to the nation's biggest and most popular charities grew by nearly 11 percent in 2013, fueled largely by affluent donors, who are reordering the top 10 charities on The Chronicle of Philanthropy's annual ranking of the 400 charities that collect the most from private donors.
62.6 million Americans volunteered in 2013 for a total of 7.7 billion hours. That service is worth an estimated value of $173 billion.
#GivingTuesday in 2014 saw a growth of 148% in donation volume and a 2.5 times increase in donations when compared to 2013.
Online giving comprises less than 10% of total giving but outpaces the growth of giving overall.
People who donate via text message are most likely aged 49-59, female, married, and a college graduate
Volunteers are almost twice as likely to donate to charity than non-volunteers.
1.4 billion people donated money to non-governmental organizations worldwide in 2014.
69% of Americans donate to charity and 64% of donations are made by women.
People born between 1945-1964 donate most often to places of worship while people born between 1965-1997 donate most often to children and youth development
Religious organizations received the highest percentage of contributions in 2014, or 32% of the estimated total. Educational institutions came second, receiving 15%, and human services organizations received the third most, at 12%.
Americans donated $358.4 billion in 2014, 5.4% more than in 2013 and more than the pre-recession record set in 2007.
According to Network for Good, in 2014, 31% of all giving occurred in December and 12% occurred in the final three days of the year.
Thank you for your interest in Charity Navigator and Informed Giving