Why donate to charity? What causes should you support? Do you think everyone who can afford it should donate a portion of their income to charity? <\/p>\n\n\n\n
Though growing your wealth is a worthy goal, so is sharing your wealth to help make the world a better place. Not only does it benefit charitable causes, but it is also deeply rewarding for you.<\/p>\n\n\n\n
Read about the benefits of sharing your wealth through tithing.<\/p>\n\n\n\n\n\n\n\n
Why should you donate to charity? Tithing means giving your wealth to spiritual institutions or philanthropic organizations that you care about. Corporations can donate a portion of their proceeds to worthy causes. For example, the CEO of Medtronic pledged to give 2 percent of the company\u2019s profits to charity. As a company has grown, they\u2019ve gone from donating $1.5 million in the first year to $17 million in more recent years.<\/p>\n\n\n\n
For individuals, there are two types of tithing:<\/p>\n\n\n\n
1. Give money.<\/strong> God created a world where the success of an individual contributes to the success of others around them. When you share your wealth and care for others, you bring additional prosperity for yourself. To celebrate this reality, a common practice is to give 10 percent of your income to the church, mosque, or synagogue you attend or derive spiritual guidance from. You can also dedicate a portion of your income to donating to charitable organizations you care about. <\/p>\n\n\n\n Example: Canfield and his co-authors for the Chicken Soup for the Soul<\/em> series decided that they wanted to donate a portion of the proceeds from their books to organizations that addressed pressing issues in the world such as homelessness, teen suicide, and the environment. Over the years, Canfield and his co-authors have donated millions to worthy organizations. They also donate part of their personal incomes to their respective churches and chose to recruit additional co-authors for their books. Though this meant that they\u2019d earn less money per book, it gave them the ability to produce over 200 books, which they couldn\u2019t have accomplished with just two co-authors. They\u2019re convinced that sharing wealth in these ways brought them maximum prosperity compared to holding onto it.<\/p>\n\n\n\n