Many people get involved in charitable activities or even form charities themselves, all in a bid to change the world and make it a better place.
This enables them to connect even more with their communities.
They do this selflessly, expecting nothing in return.
Other people find it better to go through already established charities to raise funds to meet critical humanitarian needs around the world.
This is because they have more confidence in registered charities as they are seen to be more regulated and overseen to a greater degree.
Registered charities are also presumed to be more knowledgeable on the necessities and even locations of those in need.
Several benefits registered charities are able to receive in the midst of their giving spree include: · Receiving favorable tax treatment Registered charities are able to enjoy the luxury of not having to pay income tax on any income or earnings of their own.
These charities are also able to enjoy tax reliefs when purchasing various materials that could be useful for the organization.
· Public recognition due to positive reputation Registered charitable organizations are well known to many people for their activities.
Normally, whenever a major charity takes place, there is usually a press release or announcement.
This is opens up the charities to an even larger audience.
Registered charities enjoy the trust and good will of many people, which will in turn motivate even more people to get into charitable activities.
· Financial rewards Registered charities are able to issue various reduced tax receipts to donors.
This in turn motivates people to keep donating more as it is not an expensive affair.
Other rewards include; gift aid on cash donations, stamp duty and tax reliefs on acquisition of free hold property.
· Funding Some businesses and even the government may offer financial support to only charities that are registered.
Registered charities are also open to certain grants, which enable them to facilitate and maintain their operations that are aimed at helping the needy.
· Assets lock Registered charities are prevented from using their assets or income for any other purpose other than charity.
This prevents any cases of commercialization of the charitable organizations.
Lending a helping hand to those in need make you feel good about yourself.
Not only does helping the needy benefit them but it also helps you as well.
Apart from joining charities, you can help those in need in other ways.
You can also help by buying something just to give the needy or you can even give them your time and support.