Wednesday, February 1, 2023
  • Home
  • Marketing Strategies
  • Privacy Policy
  • Contact Us
Business News
  • Home
  • Personal Finance
  • Business Trends
  • Business Ideas
  • Marketing Strategies
  • Stock Market
No Result
View All Result
Business News
Home Marketing Strategies

42 Percent of Small Businesses Give Up to $1,000 to Charity and Prefer to Donate Cash

citof_l7l8ib by citof_l7l8ib
February 21, 2020
in Marketing Strategies
0
42 Percent of Small Businesses Give Up to $1,000 to Charity and Prefer to Donate Cash
0
SHARES
173
VIEWS
Share on FacebookShare on Twitter

It’s the time of year when a lot of people think of others.

Small business owners are no different. In fact, you could argue that small business owners may be exceedingly generous when it comes to donating to charity.

Related posts

20 Things Your Business Still Doesn’t Get About Hyperlocal Marketing

20 Things Your Business Still Doesn’t Get About Hyperlocal Marketing

February 21, 2020
5 Reasons Your Local SEO Company Isn’t Providing Results

5 Reasons Your Local SEO Company Isn’t Providing Results

February 21, 2020

New data from Funding Circle shows just how selfless small business owners really are.

Small Business Donations By the Numbers

Turns out, just about every other small business owner donates to charity regularly. And they plan to do so this year just as they did last year.

Funding Circle conducted a survey of about 1,400 small business owners recently on the topic of charity. Namely, the survey sought to find out how much and how many small business owners are giving to charity.

A total of 52 percent of small business owners told Funding Circle they did plan to donate to charity this year or they already have.

Forty-six percent say they will donate up to $1,000.

“The holiday season can be a pretty hectic time for small businesses, so it’s incredible to see so many business owners prioritizing charitable giving this year,” says Liz Pollock, a spokesperson for Funding Circle.

So, if you’re not planning to donate to any charities this year, there’s a good chance the next small business on your block or your competitor will do so.

And you can count on small business owners to figure out exactly what a charity appreciates most. Of the 1,400 or so surveyed by Funding Circle for this data, 44 percent said they preferred to donate cash over anything else.



Several Ways Your Small Business Can Donate to Charity

Picking the right charity is important. A charity that addresses an issue close to you is a good choice.

Do your research on the charities you intend to donate to. Find several that match your or your business’s philosophies. Make sure as much of your money goes to the actual cause as possible — rather than to administrative costs, among other things.

Cut a Check: No one is suggesting you go take out a thousand dollars from the bank and drop it in your local red kettle. Outside of donating money directly from yourself or your business account to a charity, there are other ways you can make donations on behalf of your business.

Set Aside a Portion of Sales: For a certain period of time or on certain items, you can commit to donating a percentage of sales to a charity. This could be a charity of your choosing or one of several charities or a group of charities or even one of a customer’s choosing.



Pass the Hat: Collect money or items in your office or your store and donate it to a charity. Be sure to take care of all legal responsibilities when starting a community drive. The last thing you want is to have a good gesture turn into an accounting or PR nightmare.

“Whether it’s donating a percentage of sales to your favorite charity or volunteering with your team at a local food bank, charitable giving is not only good for the community, it’s good for business,” Pollock says.  “Outside of the potential for tax deductions, having a charitable giving strategy can help enhance consumer loyalty, company culture, goodwill in your local community and brand awareness.”

Kettle Photo via Shutterstock

Tags: Business TrendsLocal MarketingMarketing StrategiesMarketing TipsSmall Business Trends
Previous Post

How Do You Celebrate Success in Business?

Next Post

Twitter, Facebook Fined for Not Moving User Data to Russia

Next Post
Twitter, Facebook Fined for Not Moving User Data to Russia

Twitter, Facebook Fined for Not Moving User Data to Russia

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

42 Percent of Small Businesses Give Up to $1,000 to Charity and Prefer to Donate Cash

42 Percent of Small Businesses Give Up to $1,000 to Charity and Prefer to Donate Cash

3 years ago
How This Texan Paid Off $50,000 in Debt in 5 Years

How This Texan Paid Off $50,000 in Debt in 5 Years

3 years ago
Quiz: Is an Employee Stock Ownership Plan Right for My Business?

Quiz: Is an Employee Stock Ownership Plan Right for My Business?

3 years ago
Selling Things Locally Doesn’t Have to Be Hard, See These 20 Apps

Selling Things Locally Doesn’t Have to Be Hard, See These 20 Apps

3 years ago

FOLLOW US

BROWSE BY CATEGORIES

  • Business Ideas
  • Business Trends
  • Marketing Strategies
  • Personal Finance
  • Stock Market

BROWSE BY TOPICS

Amazon.com Apple Inc. Associated Press Banking and Credit Best Stocks Business Growth Business Ideas Business News Business Planning Business Trends Collections Business Collections Political Collections Top News Collections US Collections World Debt Facebook Finance Ideas Financial Advisors financial literacy Geoff Williams Google interest rates investing Investing 101 John Divine loans Local Marketing Management news Marketing Strategies Marketing Tips Maryalene LaPonsie money personal budgets personal finance picks Small Business Trends stock market Stock Market News stock portfolio student loans Susan Johnston Taylor Susannah Snider technology Wayne Duggan

POPULAR NEWS

  • 20 Things Your Business Still Doesn’t Get About Hyperlocal Marketing

    20 Things Your Business Still Doesn’t Get About Hyperlocal Marketing

    0 shares
    Share 0 Tweet 0
  • US Consumer Prices up 0.1% in January; Gasoline Prices Fall

    0 shares
    Share 0 Tweet 0
  • Spain Disputes Tech Show Was Canceled for Health Motives

    0 shares
    Share 0 Tweet 0
  • 5 Reasons Your Local SEO Company Isn’t Providing Results

    0 shares
    Share 0 Tweet 0
  • Why Hyperlocal Advertising Works So Well for Local Businesses

    0 shares
    Share 0 Tweet 0
Business News

Citof.com is a collection of innovative and powerful news brands that deliver compelling, Push the latest news, videos, and photos on finance, industry trends, money, and more.

Follow us on social media:

Recent News

  • 20 Things Your Business Still Doesn’t Get About Hyperlocal Marketing
  • US Consumer Prices up 0.1% in January; Gasoline Prices Fall
  • 5 Reasons Your Local SEO Company Isn’t Providing Results

Category

  • Business Ideas
  • Business Trends
  • Marketing Strategies
  • Personal Finance
  • Stock Market

Recent News

20 Things Your Business Still Doesn’t Get About Hyperlocal Marketing

20 Things Your Business Still Doesn’t Get About Hyperlocal Marketing

February 21, 2020
US Consumer Prices up 0.1% in January; Gasoline Prices Fall

US Consumer Prices up 0.1% in January; Gasoline Prices Fall

February 21, 2020
  • Home
  • Advertise
  • Privacy Policy
  • Contact Us

© 2020 Small Business News. All rights reserved

No Result
View All Result
  • Home
  • Personal Finance
  • Business Trends
  • Business Ideas
  • Stock Market
  • Marketing Strategies

© 2020 Small Business News. All rights reserved

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In