Charitable Giving After a Natural Disaster

There is a hurricane season each year but several hurricanes have been particularly devastating this year. Naturally, many of us want to help and since we are not equipped to travel to these places to assist in person, charitable giving is a good way to help when you cannot be there. In recent years, the general public has become more educated about how one needs to be discerning about donating since some organizations make better use of donations than others. You may also have seen articles and social media posts with information about the strengths and weaknesses of some major charitable organizations.

In a Huffington Post article, Danielle Sabrina suggests that you “let other organizations do the vetting for you.” There are organizations that rate and vet charities so you do not have to figure it all out on your own. If you are unsure about the criteria used for the ratings of charity watchdog organizations, you can look up which organizations have the approval of Better Business Bureau and do your own research.

Sabrina also suggests that you give more to one cause rather than donating small amounts to different charities. If you think a charity is really doing good work that aligns with your values, why not give that charity more? You are probably aware that many charities that have your contact information will send you mailings, etc. to cultivate you as a donor and this costs money. When you give you many charities and they all spend to try to get you to give again, you are contributing to their overheard costs. You don’t mean any harm course but if you commit to a few organizations, there are some that won’t need to spend to try to win you over.

Finally, Sabrina talks about what we can do to prevent the devastation that such natural disasters can cause. The article was written in the aftermath of Hurricane Irma; at its time of publication, the damage caused by Hurricanes Jose and Maria was still forthcoming. While you cannot singlehandedly prevent a hurricane from decimating an area, you can do more to help the areas that a prone to natural disasters if you wish. There are ways to give that support more sustainable infrastructure or donate to organizations that work with environmental causes.

©Bring Clarity to Your Finances™. Charitable Giving After a Natural Disaster is a post from Bring Clarity to Your Finances™

About the author

Claire Emory, MBA, CFA, CFP®

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