Donation

1. WHAT IS A DONATION?
2. WHY DONATION IS IMPORTANT?
3. TOP 10 BUSINESS OWNERS THAT DONATE MOST OF THE MONEY IN THE WORLD
4. TOP NGOS WHO GIVES SCHOLARSHIP TO STUDENTS
5. DIFFERENT TYPES OF CHARITY DONATIONS
6. TYPES OF CHARITABLE GIVING
7. ADVANTAGES AND DISADVANTAGES OF DONATIONS
8. HOW TO DONATE EFFECTIVELY?
9. CONCLUSION

WHAT IS A DONATION?

1. A DONATION is anything that can be monetary or service it takes various forms to help a living being.

2. To say it clearly a person who has something more if he wishes to provide the extra to a person who doesn't have anything.

3. Donations can be in any form, for example, they can be money, service, alms, clothing, toys, food, it includes everything.

4. Hair, Blood, and organ transplantation also come under medical donation

 

WHY DONATION IS IMPORTANT?

GIVES YOU HAPPINESS

1. Whenever you donate whether monetary or goods gives you inner fulfilment and happiness.

2. People usually donate on their special days like birthdays or some other memorable days. For example, Gautham Adani richest person in Asia donated RS 60000 CRORE for a social

3. Helping someone in their need gives the best feel and inner fulfillment.

INSPIRES OTHERS AROUND YOU

1. These actions can encourage people around you to donate to charities.

2. When like-minded people work together and help people in need it creates a significant impact.

3. We should teach our younger generation about donation and the importance of helping others amount of help is small, we should encourage them to be kind and generous with people around and this strengthens their attitude towards helping others.

POVERTY CAN BE REDUCED

1. One of the biggest reasons for donations is to reduce poverty around us. wasting money on unnecessary things people can donate to the poor and needy and reduce poverty.

PEACE OF MIND

1. When you donate to the poor you will get peace of mind. If some children have good food because of your money or continue their education, it will give you complete satisfaction that feel you will not get from any other thing.

2. This gives mental and physical satisfaction and that gives fulfillment in life.

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TOP 10 BUSINESS OWNERS THAT DONATE MOST OF THE MONEY IN THE WORLD

 

S.NO	BUSINESS OWNERS	COMPANY
1	BILL GATES	MICROSOFT
2	WARREN BUFFETT	BERKSHIRE HATHWAY
3	GEORGE SOROS	SOROS FUND MANAGEMENT
4	AZIM PREMJI	WIPRO LIMITED
5	CHARLES FRANCIS FEENEY	DUTY-FREE SHOPPERS GROUP
6	GORDON MOORE	INTEL CORPORATION
7	CARLOS SLIM HELU	AMERICA MOVIL
8	ELI BROAD	BUSINESSMAN AND INVESTOR
9	GEORGE KAISER	BOK FINANCIAL CORPORATION
10	SULAIMAN BIN ABDUL  AZIZ AL RAJHI	KING ABDULAZIZ UNIVERSITY

 

 

TOP NGOS WHO GIVES SCHOLARSHIP TO STUDENTS

 

S.NO	NGO’S	ELIGIBILITY	REWARDS
1	SITARAM JINDAL FOUNDATION	CLASS 12TH TO COLLEGE	INR 3200 PER MONTH
2	AGA KHAN INTERNATIONAL SCHOLARSHIP	STUDENTS IN PG UNDER 30 YEARS	EDUCATIONAL EXPENSES
3	DR. REDDYS FOUNDATION SASHAKT SCHOLARSHIP	FOR GIRL STUDENTS WHO COMPLETED THE 12TH EXAM	2 LAKHS FOR 3 YEARS
4	ONGC SCHOLARSHIP	UG AND PG GRADUATES	FIFTY THOUSAND
5	IN LAKS SHIVDASANI FOUNDATION	FIRST CLASS UG STUDENTS	EIGHTY LAKHS
6	NAROTAM SEKHSARIA SCHOLARSHIP	UG GRADUATE	INTEREST-FREE LOANS
7	TATA TRUST SCHOLARSHIP	12TH TO PG STUDENTS	TEN LAKHS
8	AZIM PREMJI FELLOWSHIP	UG WITH 4 TO 10 YEARS OF EXPERIENCE	THIRTY-FIVE THOUSANDS
9	FAIR AND LOVELY SCHOLARSHIP	12TH UNDER THE AGE OF 15 TO 30 YEARS	FIFTY THOUSAND
10	GP BIRLA EDUCATIONAL FOUNDATION SCHOLARSHIP	MERIT AND 12TH BOARD	FIFTY THOUSAND

 

 

DIFFERENT TYPES OF CHARITY DONATIONS

1. EDUCATIONAL DONATIONS

• Some charitable organizations combine with schools and colleges and provide free education for poor students.
• Educational donations help the students purchase books, pay fees, buy uniforms, and access education.

2. FOOD BANK DONATIONS

• Food banks accept monetary donations and non-perishable goods.
• The donation you give will go directly to the person who needs that.

3. ENVIRONMENTAL PROTECTION DONATIONS

• Charity organizations tie up with environmental protection groups and eco-friendly initiatives and make charitable contributions.
• If you work on environmental safety there are many charitable organizations willing to accept both domestically and internationally,

 

TYPES OF CHARITABLE GIVING

MONETARY BASIS

• This is the simplest way to contribute to charity or non-profit.

• Documentation of the fund transfer is very important to keep track of.

STOCKS &SECURITIES

• Many NGOs accept stocks, bonds, mutual funds, and other securities as donations.

• You can send it to the charity brokerage account.

• Consult a professional, lawyer, or financial advisor to gain knowledge about the tax benefits of donating stocks and securities.

VALUABLE ASSETS

Valuable assets like assets, cars, jewelry, and real estate can be donated for non-cash contributions.

 

ADVANTAGES AND DISADVANTAGES OF DONATIONS

ADVANTAGES

• An advantage of charitable donation is reducing taxable income is very important in some situations.

• Before informing donors.

• Creating or donating to a charitable foundation enables you to decide where your donation going.

• When you have having own charitable organization you exactly know for which cause the money is used.

• Circulating money among family and friends also leads to tax payments. If you have separate charity organizations tax payments can be reduced.

DISADVANTAGES

• Forming a charity organization is not an easy task.

• Central and state paperwork is to be filled and applied to determine whether foundations are legal or not
• You should contact the council of foundations, national non-profit associations, and corporations to help you start a foundation.

• It's overall a big effort and has a dedicated team to work on it.

 

HOW TO DONATE EFFECTIVELY?

• Before donating we should first understand three things whether the charity is large in scale, neglected, or tractable.

• We should select an excellent organization that is transparent in work, has room for funding, and has a strong track record.

• Evaluating a charity and choosing a cause takes a lot of effort and time. we should select an effective charity working on some important causes.

• Whenever we donate we can do it as a community otherwise we can ask for charity evaluators.

• We should do our own research to find workable charities.

• Charity recommenders like ‘give well’ evaluate charities based on their ability to do the best at the lowest cost.

• Charity navigator scores are worth consulting too. They do the research and evaluate charitable organizations.

 

CONCLUSION

Donations play a critical role in helping individuals and communities in need. Whether it's donating money, time, or resources, every contribution makes a difference. Charitable giving allows us to support causes and organizations that align with our values and can have a significant impact on society. It's important to research and choose reputable charities to ensure that donations are used effectively and efficiently. Additionally, regular donations can create a sustainable source of funding for nonprofits, enabling them to plan and execute long-term initiatives. Ultimately, donations can bring hope and positive change to individuals, families, and communities, and help us build a more compassionate and equitable world