Giving to international organizations has become a growing portion of Americans’ charitable activities. In 2020, Americans gave $25 billion to domestic and international groups working outside the country, which is more than the federal government’s non-military foreign aid budget. However, this amount is only around 1 percent of the federal budget.
In this article, we’ll talk about some steps you can take to make international philanthropy a more integral part of your life.
When responding to sudden global priorities, donors often have to balance their desire to act responsibly with their need to act fast. Finding an approved domestic charity is one of the most effective ways to support international causes. This can help raise funds for international projects more quickly. Another way to support international causes is by working with an intermediary known as a “friends of” organization.
A wide variety of humanitarian and relief organizations based in the US can benefit from your donations. Before you give to one of these organizations, make sure you know their history and achievements.
Meet the Requirements
Additional steps must be taken when giving to a charity outside of the US. Doing so will allow you to make an informed decision and ensure that the funds reach their intended recipient.
International grants are similar to those given to a domestic organization in that they carry specific legal requirements. The next step involves determining their intended recipient and the expenditure responsibility.
More Than Money
Traditionally, cash donations have been the most effective method of making a difference. While in-kind donations are appealing, direct grants allow organizations to provide the flexibility they need. Despite the advantages of cash donations, it’s important to note that a donor-advised fund can accept complex and illiquid assets.
While cash remains an effective method of giving abroad, a donor-advised fund can also accept complex and illiquid assets that can be used for charitable purposes. This is because a fund can convert various assets, such as real estate, stock, and cryptocurrency, into cash. This is often easier than donating directly to a charity.
Many effective charitable organizations are operating in the US and around the world that can use your support. Whether helping with disaster relief or protecting an endangered species, you can make a difference by donating to these organizations. Follow these guidelines to make international grants easier.