After ‘Black Friday’ and ‘Cyber Monday’ many of us feel a little, well – spent. If all of this spending has made you want to do more with your money, donating to charity is a brilliant idea. The good news is that there are plenty of ways you can do this, the bad news is that in some cases, your charity of choice may not get much of your money.
Charity Christmas cards
A popular way of donating money over the festive period is through the purchase of charity Christmas cards. If you plan on doing this, be careful where you shop from. Some retailers only donate a small percentage of the profits to charity, for example Asda only gives 6.7% of the purchase price of its charity cards to the charity.
A good way to buy charity Christmas cards is by buying them direct from a charity-card seller. Cards for Good Causes have around 300 pop-up shops over Christmas and passes on at least 70% of the purchase price to charity.
Whether you buy presents from a charity shop or decide to donate money directly to a charity, make the most of your donation by ticking the Gift Aid box if you’re a taxpayer. This means the charity can reclaim basic-rate tax on your donation. For example, if you donate £100 and tick the Gift Aid box, the charity would then be able to reclaim a further £25.
Rather than donate your money, you may wish to donate your time. Around Christmas time there are usually many charities giving out Christmas lunches for the homeless or some may need extra help in their shops, helplines or at their care centres. Good websites to look at for volunteering are Do-it.org.uk and Timebank.org.uk.