4 Benefits of Monthly Giving
Monthly giving is a financial donation given to a charity on a recurring basis. It’s a wonderful giving option for both you and the families IHO serves as it allows you to spread your donations throughout the year and provide IHO with a dependable base of support.
Still on the fence about whether monthly giving is right for you? Read on to learn about a few of the ways monthly giving benefits you and your charity of choice.
1. It’s Convenient
Donating on a monthly basis gives you the joy of making a difference without having to remember to send in a cheque or remember when you sent in your last donation. Our monthly gifts are set up through CanadaHelps, which makes accessing important information simple. Logging into your account will give you access to all your tax receipts, as well as your donation history to help you strategize and plan your charitable giving budget for the next year.
Scheduled giving is a cost-effective way to contribute to the causes you care about. By giving monthly, you can better budget and plan your charitable contributions, without increasing the amount you would normally give at the end of the year! A common misconception is that you need to give a high amount each month to make an impact. For just $10.00 a month, you will fund an entire day of shelter, food, counselling, and support for a woman every year.
3. Provides Predictable Income
As a monthly donor, your gifts provide IHO with a steady, predictable income stream. This allows us to remain focused on our mission without having to worry if enough funds will come in to carry out our work. With every additional scheduled donation we receive, we are better able to plan and invest in long-term projects to benefit the families we serve.
4. Lower Administration Costs = Increased Impact
Recurring gifts offer a significant cost advantage to charities as a monthly gift requires less administration and processing costs. This means that more of your gift can be used to fulfill our mission. More so, as charities grow their monthly donor base, they can reduce their marketing budget in confidence of your continued support.
Giving always feels good, but it feels even better when you commit to the causes that are important to you. Monthly giving is an affordable way to make a big impact on the charities you support. If you’re looking to enjoy the gift of giving year-round, consider setting up your monthly donation today!