A Gift To The Giver

How to support charity without disrupting your own financial well-being

- Charles Pitt

Studies have shown that charitable giving provides great happiness. Eventually, you get used to your fancy new car, and the enjoyment factor decreases. Giving forges feelings of connectedness and community that don’t fade away. But you need to make sure that your good intentions don’t throw off your long-term wealth planning.

Have a purpose

The most effective charitable giving is thoughtful and intentional. Decide if you want to give to a national or local cause, or if there are pressing issues in your community you feel you could have an impact on. Perhaps you have personal connections to causes, such as medical research or support for the arts or a religious organisation. Or maybe you’d prefer to react to events such as natural disasters.

Do your homework