Whether it’s the holiday spirit, the increased marketing around Giving Tuesday or the end-of-year deadline for tax-deductible contributions, Americans tend to ramp up their charitable donations in the last few months of the year.
While it’s never a bad time to support your favorite causes and nonprofits, spreading your charitable contributions throughout the year instead could help increase your overall impact.
Those who include charitable donations in their total annual budget give nearly four times as much money as those who don’t, according to a recent survey from Vanguard Charitable.
The survey of over 2,000 Americans found those who included charitable donations in their annual budget gave an average of $2,268 over the last 12 months versus an average of $626 among those who didn’t include donations in their budget.
Those who budget for charitable donations are also twice as likely to say they plan to increase their donations over the next year compared with those who don’t have a giving budget. Plus, 24% of donors …