There are many Denver residents who give money to charity on a regular basis. If you are not one of them, you may want to consider making a change. Here are three reasons that you should add this to your to-do list.
The first reason is actually quite simple. There are a ton of charities that need help, yet there is never enough money to go around. If you have extra money lying around, it would be nice to give it to someone who really needs it. This is better than letting it sit in your pocket collecting dust.
If you have tax liability each year, you can reduce this by giving money to charity. As long as you make donations in your own name, you are able to declare this when you are preparing your tax return. While you may not be able to get all of it back, it is likely that most of it will make its way back to you. Basically, the money you gave away will be returned to you at the end of the year.
Doing things because they make you feel good is another reason to do charity. Imagine donating so much money to a children’s organization that they are able to buy extra toys. This can give you a sense of warmth and pride that is common with people who commit selfless acts. It is a good idea to choose one of the charities in Denver that support a cause you are interested in since this will amplify the feelings.
Whether you want to save on taxes or you want to fill your heart with a sense of pride, giving to charity is a great way to do that. Keep all this in mind as you move forward.