Americans donate money like no one else. Cash contributions to charities totaled more than $180 billion in 2017 alone.
One reason why cash contributes are rising is that more charities are learning how to get money donations online. This makes contributing to charities far easier.
How can you find online organizations to donate to? What are some ways you can transmit your money online? How can you make the most of your money?
Answer these questions and you can become a great philanthropist in little time. Here is your quick guide.
Online Charities
The first step for donating money is to find a charity worth your time. Many people are happy to give money to an established organization like the Red Cross or Jimmy Fund.
But you can give money to a number of web-based organizations. Look at Facebook to see what online charities are operating. Google “online donate money” to find additional organizations.
GoFundMe is a crowdfunding platform that small charities use. The founders of GoFundMe built the platform specifically to get money donations online.
If you want to donate to individual people, you can do so through the website. You can also start an account so users can donate to you, and you can then donate to a charity.
Payment Platforms
There are several ways to offer donation money. PayPal is the Internet’s leading payment processing system. Most people use the website to send money to each other, and some collect the paychecks through it.
But you can use the website for donations. You can do so through your personal PayPal account, offering the money you have previously received. This means that you do not have to provide your credit card information.
Venmo is a mobile app. You can send money to and from donors as long as you have their usernames.
Planned Giving
Planned giving is a way you can maximize your donations. It is a component of your lifelong estate planning, meaning you should start on it right away.
Consider how you can give money to charities of your choice. You can give money from your savings. You can also take out life insurance or sell real estate so you can make money for donations.
You should write a will where you delegate some donations to charities. You may be able to start a fund or memorial in your name. Many organizations are happy to name things after major donors.
You should specify that you want to donate your money online. Indicate a particular platform you want to use for financial contributions.
How to Donate Money Online
You can donate money online. You can find thousands of charities on the Internet. Do some searching on social media and start an account on GoFundMe.
You can give your money through different services. PayPal and Venmo are user-friendly and offer quick donations.
Planned giving lets you form a long-term donation plan. You can incorporate donations into your financial portfolio, then you can give money in your will. This is a great option as charity work becomes digitized.
You can do more than donate your money. Figure out how you can donate your skills by following our coverage.