Why Contributing To An NGO Is Good For Businesses Of All Sizes

One of the many benefits of owning a business, be it small or large, is the ability to contribute freely to community groups and charitable causes that matter to you. Every day or the other we can see numerous publications talking about the success stories of businesses and how they have successfully contributed a part of their profits to support various causes.

Non-profits and charities need enough funding and donations to achieve their goals, and thus donating to non-profit organizations is not only a decent thing to do, but it also offers significant benefits to your business.

In the era of social media, businesses that are engaged in supporting good causes are more likely to earn a good reputation than the companies that do not care to treat the unfortunates. For example, a restaurant that offers free food on the last Saturday of every month is more likely to be known among the public.

There are many benefits apart from this that are associated with donating to charitable causes and NGOs. Let us have a look at some of these benefits:

Tax Deductions

Cash or online donation for NGO made by a business comes with many advantages. One of the most significant benefits is the ability of the business to claim a charitable donation tax deduction. Sponsorships of charities or events, donations of goods or services, and financial donations are all examples of tax-deductible donations. Just like individuals are entitled to a 50% tax exemption under the 80G, charitable offerings are done by businesses can also be deducted up to 50% of the gross domestic income. However, the exemption may vary based on different factors.

Employee benefits

In the last few years, employee benefits have risen to new heights, with start-ups leading the way with in-house massage therapy, yoga days, and catered meals, etc. Getting your organization engaged in certain volunteering and donation activities is a great strategy to raise employee morale and keep them motivated. Allowing your staff to volunteer during office hours helps to give the employees their much-needed break, while also benefitting the NGO they are volunteering for.

Publicity

Sponsoring a charitable initiative and volunteering your company’s time are excellent methods to increase awareness about a cause while also promoting your company in conjunction with the organization or event. You can promote the event by either using your social media platform or your official website.

Beneficial to your community

There are several advantages to charitable donations, but the most advantageous of them is that you get a chance to give back to your community. Charitable donations not only benefit your society but also make the public aware of your contributions. Your company’s charity contributions might also assist the NGOs to upgrade schools or parks, providing a safe learning and play environments for youngsters. A business might also contribute to an organization that works towards providing treatment facilities to people who cannot afford medical facilities on their own. The possibilities are limitless and are incredibly beneficial.

These were some of the benefits a business experiences if it chooses to donate to an NGO. Apart from the specified benefits, the satisfaction and happiness received after being the reason behind spreading smiles on hundreds of faces are incomparable.