Blog #3 How charitable giving benefits both donors and recipients
Charitable giving is one of those things that isn’t always discussed as much as sports or the weather. While it is significant in our lives and a majority of Canadians make charitable donations, in recent years there has also been a decline in charitable donations. In this post we’ll share some facts about why charitable giving is good for you.
What is charity?
First of all, let’s take a look at what charity really is. The truth is there isn’t a simple answer to that. According to the Merriam-Webster Dictionary, charity has four definitions to it. The simplest one is “generosity and helpfulness especially towards the needy or suffering”. Charity can come in many forms such as volunteering, mental support, money, food, water, shelter, clothing, etc.
Benefits of giving
There are many benefits to giving. The first one is pretty obvious, when you give money to charity, you get a tax write off. But beyond the monetary incentive, there are many emotional and functional benefits that are linked to giving either your time (as a volunteer) or your money. According to CanadaHelps.org, these include “feelings of happiness”, meeting “new, like-minded people”, “new skills to add to your resume”, etc. One thing to point out from this article is that giving back helps to make us feel better. According to one Ted Talk called “How to be happy every day”, giving back is a way to remove or reduce your anxiety or depression. These observations were made in psychological studies that tested to see how a person reacted when they were giving to charity.
Who and where does charity go to in general?
This is a question that everyone wants an answer to, especially when they are being asked to donate to a specific organization. Again, there isn’t a unique answer to that. In truth, donations in general can go to many different types of people that all need some form of assistance for completely different reasons. According to an article on the Huffington Post, it lists 9 different categories that charities can fall into which include Religion, International, Art & Culture, Fundraising, Social, Animal, Environment, Hospital Foundation, and Health. If you really dig deep into it, you will notice that there are thousands of places that money being donated to charity goes to. Some of these include cancer research, malaria treatment, building homes for unfortunate families overseas, building religious organizations, and the list goes on. Obviously, it would be very hard for you to donate to so many different charities, but having so many options gives you the flexibility to choose which one you want to donate to and for which cause.
The Healing Cycle Foundation is a non-profit organization that supports hospices and palliative care organizations across Ontario. Through Healing Cycle Ride and walk/run. Any hospice palliative care organization that wants to raise money through our annual Healing Cycle Ride can enter as a team. In 14 years, we have donated over $2.8 Million for Ontario hospices and palliative care units. For those interested in the bicycle ride, we have the 10 KM, 25 KM, 50 KM, and 100 KM ride distances. We also welcome children and supporters. For the walk/run, we have the 5 KM and the 10 KM run distances. There is a minimum amount of donations required for you to fundraise to qualify to participate. The amount of money needed depends on the ride distance you choose. The minimum donations are listed below:
Children: $35 (All Routes)
5KM run/walk: $100
10KM run/walk: $150
Keep in mind, the money goes towards the Foundation’s fundraising. However, if you want to join us for the ride but can’t fundraise, there is a $90 fee that lets you participate. We hope to see you at the event on September 15, 2019, starting at Roche Canada and Mississauga! For more information, please visit our website at www.thehealingcycle.ca. Thank you and good luck to all those participating.