Giving Compass’ Take:
• Here is a checklist from GlobalGiving’s Smart Giving Guide that encourages donors to give with impact and explains how to do so.
• Are you already practicing some of the steps on the checklist? What does ‘giving with impact’ mean to you?
• Learn more about impact giving from the Center for Effective Philanthropy Magazine.
You don’t need to be a millionaire to become a philanthropist. Simply put, a philanthropist is someone who promotes the welfare of others, most commonly through charitable giving to nonprofits. Whether you donate $10 or $10,000, if you follow the seven steps of our giving checklist, your results will be stronger and longer-lasting.
- Determine what causes to support.
The first step is figuring out, “What do I care about the most?”
- Focus your efforts.
There are millions of wonderful nonprofits around the world, but you can’t support them all. If you would like to make a deeper impact, consider giving larger amounts to a handful of organizations you trust.
- Do some research.
If you are having a tough time developing your own portfolio of trusted nonprofits, a little research might help you determine how to proceed.
- Budget your giving.
When creating your giving budget, think through how much you might like to donate in the coming year.
- Give consistently.
Becoming a recurring donor means that the nonprofit you support can rely on your contributions month after month or year after year and make more strategic decisions about its future.
- Consider how you can add value in other ways.
You might be able to help by volunteering your time and skills or even becoming a board member.
- Don’t get tripped up by charitable giving myths.
An important part of becoming an impactful philanthropist is separating charitable giving myths—like the idea that you can judge the impact of a nonprofit by the amount it spends on overhead—from reality.
If you are looking for more articles and resources for Philanthropy, take a look at these Giving Compass selections related to impact giving and Philanthropy.
Looking for a way to get involved?
Philanthropy is a fascinating topic, and others found these events, galas, conferences and volunteering opportunities aggregated by Giving Compass to be relevant for individuals with a passion for Philanthropy.
Are you ready to give?
In addition to learning and connecting with others, taking action is a key step towards becoming an impact giver. If you are interested in giving with impact for Philanthropy take a look at these Giving Funds, Charitable Organizations or Projects.