How to Know Which Not For Profits to Support, How to Support Not For Profits and Which Ones we are Supporting on our Millionaire FIRE Journey
3 Tips for Choosing a Charity/Not For Profit
How do you decide which charities are worth it? It seems so many waste a lot of money on admin costs. There are costs involved in running a charity, obviously, but many of these costs can be reduced in various ways. Many suggest 10% of your income but what you choose to do is up to you.
I’ve been on the board of directors for charities as well as being a marketing manager in others and involved as a volunteer on numerous campaigns to end homelessness and domestic violence. Over time, I’ve chosen to support both with time and money.
Here are my tips to choose which charities to support, how to do it and who I support.
1. Which Causes are Important to you?
Previously, I did a lot around homelessness and domestic violence as I left an abusive relationship and ended up homeless with my two young daughters. As such, I was passionate about both of them. I still do some work but since travelling more and beginning a new relationship, the causes I want to support changed.
2. Review Their Staff, Board and Expenses
How much of the money you donate truly goes to the cause? Check their reports, annual statements and review how they do things. This will give you a good idea of exactly how much of your donation goes to where you want it to vs how much goes to salaries, building and other expenses.
3. Look at How you Can Help
Monetary donations aren’t the only way to help. Depending on how you want to help can also enable you to decide which charity you want to support. For example, some only accept money but others allow you to volunteer or donate goods and services.
Which Charities/Not For Profits do we Support?
Our focus is donating in the South Pacific, particularly Vanuatu and the Solomon Islands as that is where our family is and where Mr Aspiring Millionaire has spent most of his life. We still support a few in Australia at different times too though.
Vanuatu Feminist Library
I came across this library last year and can see the difference it makes in the community there. Vanuatu is quite a patriarchal country, education is expensive and many miss out. To combat this and help women become more educated, the Vanuatu Feminist Library stocks a range of books on numerous topics aimed at women.
If you want to support the library, you can send books to:
Lorna Silas Lekal
Ph: +678 5411525
Po Box 6027 Nambatri Area, Vanuatu
Vanuatu doesn’t have zip or postcodes
Assisting women AND saving the environment is what excites me about Mamma’s Laef (pronounced Mama’s Life). Making cloth pads for women, cloth nappies for babies and masks when needed. Plus they run educational programs including one run by men for men about menstruation.
Menstruation has traditionally been taboo in Vanuatu and many other countries in the South Pacific. Because it is not spoken about, some specific beliefs and traditions around it and the lack of hygienic supplies available on outer islands, women die.
Mamma’s Laef is saving lives, educating people, reducing the waste from disposable products and changing their country. They are also supported by New Zealand. Find all the ways you can help as well as their social media channels here.
We do business loans through Kiva because the money can be loaned again after it is repaid. I’ve been donating through Kiva for years and have found my loans in the South Pacific are repaid the fastest, meaning I can lend even more.
This is slightly different but something that can help others. It is not a Not For Profit though as you will make a profit from it. Plenti is peer to peer lending like Kiva but instead of being focused on countries where lending is difficult, it’s for anyone. You also earn interest on these loans. Get $50 when you join and invest here.
Pack For A Purpose
When we travel, we support Pack For A Purpose where possible. This is where a business in the area will collect supplies for hospitals, schools and other needs in the local community. For example, in the Solomon Islands there are two businesses we support who do this: Dive Munda and Solomon Islands Discovery Cruises.
Both of those businesses also have a strong focus on training local women in diving, hospitality and providing opportunities for youth as well.
How you can Support Not For Profits
Donating money is the most obvious option and usually includes a tax benefit if you donate over $2. Since we typically support not for profits overseas, we don’t get a tax benefit.
Aside from money, here are a few other options:
- Donate what they need. Some charities do call outs for what they need in terms of supplies.
- Share their content. Follow them on social media, like, comment and share their content.
- Participate. If there is a specific walk, run, bike ride, morning tea or event you can participate in, get involved.