How much of your salary should you be giving to charity?

This is a fascinating topic, why? Because people don’t really talk about it. We very rarely divulge our salary let alone tell other people how much of our income we are giving away to charity.

If you want to start giving regularly to a charity, monthly or annually, or you can even give weekly, there are several aspects that you have to take into consideration, such as your monthly outgoings – gas, electricity, rent/mortgage, family essentials etc. All of these needs need to be covered and then it comes down to your disposable income.

Your disposable income is how much you have left after you have paid for all of your essentials. And how much of a disposable income are you happy to give to improve the lives of other people, over the cost say, of getting other weekend take out!

Ultimately it is up to you how much you give to charity, there are no hard and fast rules, but there are some guidelines based on the averages that people are currently giving. Based on your salary, let’s say you are earning £100,000 a year then then can easily manage 1% up to 10% of your salary, as it works out, 1% at only £20 a month.

But let’s say you earn between £20,000-£30,000, not with such a huge disposable income margin – so how much can you afford to give back? As a general rule of thumb, it is suggest that you start at 1% and then move up from there, as you gauge throughout the months a realistic and viable amount that you can part with for the benefit of others, either close by you or across the globe.

There are calculators online to help you get a rough idea of the value and worth on your donation, including the tax you can expect to get back in return for your donation.

Here is a link to a UK gift aid tax calculator.

Here is a link to an American charity income calculator

The next question then is, who do you give to?

Pestalozzi World Children's Charity
Pestalozzi World Children’s Charity

So you have decided that you can afford to make the monthly donation of £20.00. But now you have to decide who to give it too?

This question is really your decision, but there are a few factors to consider and it is good to do your homework:

  1. Give to a charity that you feel connected to. If you have been touched or inspired by an advert, or have already felt passionately about a certain country or animal species in the world, then look into charities that spark your interest.
  2. Get in contact with the charity and ask a question you might have. The response will tell you a lot about how your support will be valued and your understanding will be enhanced.
  3. How involved do you want to get in the charity? Do you just want to give money or would you like to give your time and expertise as well? If you want to become a part of a charity in a deeper sense, then read our article here about modern philanthropy.
  4. The outcome, or impact. Take your time to look at the real benefits or return on investment of your donation. Ideally you want to be able to see exactly what the impact of your donation will be. For example, in Pestalozzi World’s case, the children we educate go on to support their families and wider communities, therefore the impact of your donation can be tenfold, as it will travel for generations creating a cycle of success. Your donation in far more than a one off instant impact, rather a long term investment.
  5. Think about how you want to give – are you happy to decide monthly/annually a different charity each time, or be done with it and set up a monthly direct debit so that it is all done for you, with little additional hassle.

Unique benefits of giving to Pestalozzi World?

Unique benefits of giving to Pestalozzi World

Pestalozzi World gives an education to exceptionally bright children in extremely poor communities in Africa, India and Nepal.

To do this, we give our children accomodation in one of our villages, where we look after their physical and mental wellbeing. We then pay for their education in schools near by or in the case of Zambia, in our own school.

Pestalozzi World is unique in that all the everyday running and administration of the charity is paid for directly by Sir Richard Butler the founder of the charity and our board members, therefore all donations made to the charity go directly to the children.

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Pestalozzi World Children's Charity

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