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Question of the Week: Why We Give Money

When we think about philanthropy, three ‘gifts’ come to mind that can be shared: 1) Time, 2) Talent, and 3) Treasure. All are important.

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When we think about philanthropy, three ‘gifts’ come to mind that can be shared: 1) Time, 2) Talent, and 3) Treasure. All are important. If you don’t have money, you can give your time. If you don’t have time, you can give your money. If you have a special talent or profession, you can use it to help someone in need.

But today, let’s focus on money. Why is it important to give financially? Without financial support, organizations and services will cease to exist. Since the economic downturn, we’ve seen nonprofits struggle and even close due to decreased funding.

Money is needed to house rescued dogs and cats. Money is needed to pay the bills for the offices at The Cooperative Ministry. Without donations, Souper Bowl of Caring would not be able to support groups throughout the country in raising millions of dollars for hunger organizations.

And you don’t have to be rich to make a difference. Every donation has an impact and personal wealth isn’t a requirement for philanthropy. In fact, the wealthiest 10 percent of American account for only 25 percent of all charitable giving. And, when calculated as a percentage of income, those who earn less than $20,000 become twice as charitable as those who earn $100,000.

What do you think? Why is it important to give money to those who need help or financially support organizations that we value? Why are you motivated to share part of your income? What do your kids think – and do they know how you feel? Find out with the Question of the Week!

Use the Question of the Week to spark conversation with your children about family, money, giving and help them explore what matters most to them.

Sources: Charity: Who Cares? – Huffington Post