Charitable giving

Last week, we shared a gift guide for the entrepreneurs in your life (or for you entrepreneurs to share with your friends and family); however, this week, we're talking about giving on a whole other level- charitable giving!

A charitable donation is a gift made by an individual or business to a nonprofit organization, charity, or private foundation. These donations can range from cash to clothing or even services. It's the ultimate way to give to those in need the most.

There are so many benefits from giving charitably, including financial and emotional benefits. Here are some reasons why you should consider giving back:

The financial benefits

These may be obvious, but some people might not think about these things in the midst of running a business, especially during the holiday seasons. When you give charitably, you may possibly be able to get an overall tax deduction. Check out this article Credit Karma posted, it's a great summary of how to make your donations count.

You can feel good about it

Yep, there are emotional ties to giving back including:

  • Lower levels of stress

  • Greater self-esteem

  • Better physical health