Whether it’s from large corporations, sponsors or individuals, every penny that a nonprofit receives goes towards the progress of their mission. Monthly recurring donations help not for profit organizations build a steady, predictable income that can help them expand and strengthen their ability to progress in their cause.
We know that donations and volunteering can help nonprofits grow, but we don’t always hear about the impacts of giving on donors. We wanted to share a few ways that donations can benefit you too!
Donors who make monthly donations tend to stay more connected to the cause
Maintaining monthly recurring donations allows donors to stay connected to a cause and gives them a front row seat to an organization’s growth and progress. They get to see how their gifts make a real difference in the program and mission as well as in the lives of so many people. As a donor, even the smallest donation on a monthly basis has the power to greatly improve a nonprofit’s ability to serve. For nonprofits like Heroes On the Water (HOW), community is a huge part of our focus and, like many organizations, our donors become part of our community with each gift. Monthly donations help us guarantee that the veterans and first responders we serve will be able to participate in our volunteer-led chapters and therapeutic programs.
Monthly recurring donations are convenient
Being able to support causes you’re passionate about with a monthly donation is easy and affordable. Knowing you’re helping others feels great and by enrolling in a monthly recurring donation you don’t have to worry about it slipping your mind. Similar to the way you set up automatic payments for things like streaming services or bills, you can donate to your favorite organizations with the push of a button. For example, you can now make a recurring donation to HOW online with new payment options through PayPal and Venmo making the process quick and seamless.
Supporting causes that are important to you literally improves your physical and mental health
Studies show that 42% of people agree that the enjoyment they receive from giving is a key influence in their choice to donate time or money to causes they are passionate about. The knowledge that you’re helping others can feel empowering and increase feelings of fulfillment. Research has identified a link between making a donation to charity and increased activity in the area of the brain that registers pleasure. Donating regularly can have health benefits that include:
- Lower blood pressure
- Lower stress levels
- Increased self-esteem
- Less depression and anxiety
Donations to not for profit organizations are tax deductible
When you donate to an IRS-approved not for profit organization, your donation is tax deductible. The IRS even offers a tool to help you figure out if your favorite organization is approved. You can search the list of approved organizations here.
