I got a $20K bonus this year and am thinking of donating some of it to charity?

Question

What charity would you recommend and why?

Companies don't donate for tax writeoffs. They don't get their taxes cut by more than the writeoff.

Answer 1

I could use about $1000 of that right now.

Answer 2

I think if you got a bonus like that..and you're looking to donate it to charity.. not only are you a very good person... but you should choose a charity that has some sort of meaning to you.

I would have to guess, that somewhere, someone in your life has had some sort of issue with cancer, MS, education problems, etc. Pick the one that means something to YOU!

I could personally, never ask someone that's donating to a charity, to do it based on what my beliefs are.

Answer 3

That is awesome that you are thinking about donating to a charity. Good for you!
Central Institute for the Deaf. It's not a charity and it's located in St Louis (i'm not sure where you are from) but it's an oral school for deaf children ages 0-14. My best friends daughter has been going there since before she was 1. they helped her get a cochlear implant, and they give kids scholar ships who normally couldn't afford to go to their school. I donate to them thru the united way...i donate out of every paycheck. They are a fantastic school. My friends daughter is now 6 and actually tested out of first grade for a hearing child. they are amazing!
I hope you think about it, or something similar where you live.

Answer 4

I would go to an American Legion Post and ask for the 40&8.

This is a small group of the American Legion that provides scholorships for people going to nursing school. Why? The money is not wasted because the nurses will be returning your donation to the general population through their jobs and caring for others. You are also helping locals in your area as most are coming out of high school and straight to nursing school.

The people applying for the scholorship do not have to be Veterans or have a relative who is a Veteran. It is based on need, grades and desire.

Answer 5

You know what? Organized charities are scams. Many of their large contributors give for the sole purpose of using it as a tax write off. The ones who run the "Charity" know that and give themselves huge salaries because they know there will be no one to report them or complain about it. Of every dollar donated to organized charities, poor people probably see a dime if that...

If you want to really do some good, why don't you arrange for food to be delivered to your local food pantries, or buy supplies for a woman's shelter? Find out where the homeless hangout and maybe help someone with a hand up and out of their plight. Maybe there is someone who is on the verge of losing their house through no fault of their own that you could make a house payment for them.

The point is, if you really want to help people eliminate the middle man's huge cut and help them directly.

You may or may not be able to take it all as a write off, or have your generosity trumpeted about in the media, but believe me God sees, and what God sees you do in secret one day He will reward you for openly.

May God bless you.

Answer 6

I recommend that you take the 20K and put it into an investment account devoted to "Charity." Then I would invest the money in Genta, stock ticker GNTA, a company devoted to cancer research and treatment. Within the next three months they will, in all probability, obtain FDA approval for Genesense their lead research drug. The market will react favorably to the news. Then you can take the proceeds devote it to your targeted charity, retain the initial investment, and continually provide charitable contributions throughout the years to come.

Answer 7

Is there an issue that hits close to home? American Cancer Society if you've had someone you love battle cancer, American Lung Association, American Red Cross.

Here's some info on giving wisely (some organizations mismanage funds) to charities that will best use the money you give.

http://www.give.org/index.asp

Answer 8

You should give it to Heifer Project International

It helps impoverished families worldwide become more self-reliant through the gift of livestock and training in their care.

This charity really helps people to help themself, once the gift of livestock is given. I've given to this charity for over 10 years now.

http://www.heifer.org

Answer 9

Wow, what an amazing bonus. Yeah, take 10% and donate it to a charity of your choice. Mine would be St. Jude, they're incredible. My fiance's son died of leukemia several years ago and St. Jude was an amazing source of support and kindness to them all.

Answer 10

St Judes Children Hospital. Because they do SO MUCH for children and for families who otherwise could not afford to have great doctors. I should know, I plan on volunteering 2 months a year free services to them as soon as I graduate! Im sure any charity will benefit from such a donation. Thank you

Answer 11

Good for you. I hope you go ahead with that, whether for this charity or another.

Save The Children

91% of every dollar they raise goes directly to services.

http://www.savethechildren.org/about/financial.html

Here's what they use the money for:

http://www.savethechildren.org/programs/