As part of the Effective Giving Spotlight for the giving season campaign on the forum, I've written a blog post about my experiences of donating 10% of my income to effective charities for the last 3 years through Giving What We Can.
The 1-minute summary is:
- Sometimes it takes one podcast or article to give you the clarity you need to donate
- The most enjoyable part for me was selecting a portfolio of charities that complement my day-to-day work and reflect my preferences for near-term vs long-term impact
- The hardest part was ending donations to less effective charities that I was already giving to (not in the post but I think a matching campaign by pairing effective and less effective charities could help people move from one to the other. For example, if I give to homeless charities in the UK, I may be more likely to donate to similar, more effective charities such as GiveDirectly if given a matching incentive)
- Impact through donations compounds over time much like savings and investments, leading to quite unbelievable results
- Putting in place foundational financial planning actions can help overcome nervousness about donating large sums, particularly with the current cost of living crisis. As an accredited money coach, I share 5 actions that I support my clients with
I hope the article is interesting and possibly useful!
Thanks for sharing this with the forum, and also with the audience on medium.
I especially liked this moment:
"Listening to that podcast was one of those moments in life where you achieve complete clarity and know what you have to do. I immediately signed up for the pledge and started researching the charities I wanted to give to."
Thanks for sharing this. I think it’s good to talk about the experience of earning to give from diverse perspectives.
However, I didn’t read your blog post because I couldn’t do so anonymously and the requirement to log in seemed only designed to collect marketing data.
Thanks Ian - try this link to see if you can view it anonymously:
https://medium.com/a-smiling-world/reflections-on-giving-10-of-my-income-to-effective-charities-95d1ae7f8ef9?source=friends_link&sk=33542072edbbef6c83c38833e544b5c6
Hey Samie, if you have a minute, would you mind swapping the in-text link for this one? Up to you, but it would help more interested readers see your post.
Hey Toby I've just updated it now - thank you for your comments!
That link works!