Wealth Blog

Finance Blogs » Wealth » Online giving on the rise

Online giving on the rise

By Judy Martel · Bankrate.com
Tuesday, January 7, 2014
Posted: 3 pm ET

People typically give to charities during the holiday season, but increasingly, they're doing it online. During the last two months of 2013, online donations increased by 16 percent from the same two-month period a year ago, according to The Chronicle of Philanthropy and Network for Good, a nonprofit that processes gifts made electronically.

1-positive-impactDonations handled by Network for Good rose by 6 percent on a single day -- Dec. 3, or Giving Tuesday, a national day promoting charity.

Overall, from Nov. 1 through Dec. 31, online donations totaled $77.9 million, up from $67.1 million during the last two months of 2012. The average gift was $172, a 10 percent increase from the same time a year earlier.

The Chronicle of Philanthropy analyzed daily giving processed through Network for Good for more than 14,000 charities for November and December and compared the results to the previous two years.

While it's difficult to argue with the ease of giving online, it's also easy to make rash decisions without investigating a potential charity. Scams are rampant and donors would be well-advised to use the Internet to their advantage by doing a quick search on sites such as Charity Navigator and Guidestar to be sure the cause is legitimate.

Keep up with your wealth and mortgages and follow me on Twitter.

Get more news, money-saving tips and expert advice by signing up for a free Bankrate newsletter.

«
»
Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
Add a comment

(Comments may take 5-10 minutes to appear)