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Why donate to nonprofit?

Updated: 8/16/2019
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6y ago

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There are millions of non-profits that do not accept donations. But if you find one that does, you should consider whether they carry out some program that you would like to support. Donating would give you a sense of satisfaction, and possibly relieve your local government from having to spend more tax money to run the same program.

As an added incentive, the U.S. Internal Revenue Code offers a tax deduction for qualifying donations to qualifying, tax-exempt, non-profit organizations.

So, if you have a lot of money to spare, the government wants you to give it to charity, rather than to hold onto it for your heirs.

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