For the past decade, Giving Tuesday has been a way for everyday Americans to donate their money, or time, to charities and causes that help collectively make the world a better place. Whether it’s a little or a lot, we’re encouraged to give what we can to bridge the gap between those that have so little and many of us that have so much. But how do you know a charity or organization is using your donation accordingly? How can you spot-check to see if your dollars are being used for those in dire need?
We brought on Elie Hassenfeld, GiveWell co-founder and CEO, to help us navigate the tricky subject of giving to worthwhile charities. Elie knows a thing or two about validating which charities are worth donating to. At GiveWell, he spends his days researching thousands of charities for hundreds of millions of donatable dollars, helping those of us that are too busy to find a home for the donations that we are willing to give.
In just six tips, Elie will give you the framework for finding a worthwhile charity or organization to give to, so you know that your dollar is being stretched the farthest it can. We also touch on whether or not high administration costs are ared flag, whether it's better to give goods rather than money, and how to truly measure an organization's impact to see how many lives they’re saving or improving with each dollar donated. If you're still on the fence about where to give this Giving Tuesday, head over to GiveWell.org to know your dollar is making a difference!
In This Episode We Cover
Why donating overseas has much more of an economic impact than domestic donations
How GiveWell validates the charities they approve and how to do the same in your local area
Top tips for finding a charity that will use your dollar for its highest use
Red flags to watch out for when researching charities and organizations
GiveWell’s past mistakes and how they’re using them to grow a better organization
Top charities that both GiveWell and BiggerPockets recommend donating to (like CrossPurpose!)
And So Much More!
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Give Well
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-358
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BiggerPockets Money Podcast