Three Ways Giving Can Improve Your Life
Giving to your favorite causes and nonprofits can actually make you happier and improve your life. Find out how you benefit from your charitable activities.
Giving makes you happier
Giving not only helps people in need, it can increase your positivity. According to research, people who spend money to benefit others reported an increase in happiness. That means giving is good for everyone involved!
Giving keeps you connected
Our brains are wired for strong social connections with other people who share our interests, which can boost our physical and emotional health. That’s why it’s more important than ever to maintain meaningful connections with those around you. Giving fosters trust and cooperation among people who share similar interests.
Giving can maximize your tax benefits*
When you open a charitable account, such as a Donor Advised Fund, you could qualify for tax benefits* in the year you open it. Tax advantages could include minimizing capital gains, lowering your income tax, or reducing your taxable income. A Donor Advised Fund also provides a flexible and convenient way to recommend grants to your favorite organizations on your time schedule, which can always make you feel good.
There are so many more benefits to giving. If you want to give, you need to have a plan in place and a fund to help you streamline your charitable grants. A Donor Advised Fund at the Jewish Community Foundation of Greater Hartford can help.
*This information should not be construed as legal, tax, or financial advice.
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Kathryn Gonnerman, Vice President of Philanthropy