Even though small businesses do not necessarily have the cash reserves that larger corporations have, they can still give to charity in many cases. In fact, up to 42 % of small businesses give at least $1,000 in charity. Even small contributions can go a long way for charities. For example, $1,000 could be used to feed or clothe many people.
Why small businesses should give to charity
There are many reasons why small businesses should give to charity. For example, small business charity can genuinely help people. Charities can always use more donations, and as long as you give your donations to a good charity, then it will go directly toward helping people who are in great need.
Small business charity donations can also be tax deductible in many cases. So, this is another positive aspect of small business and charity. Further, if your company donates to charity, then it can help you win favor with your customers and local residents. People tend to view companies more positively when they give back, and use some of their profits to help people in need.
How to give to charity
There are a number of ways that your company can give to charity. For example, you can set aside a portion of your sales and give them to a charity. Or, you can write a check once all of your profits have come in for a quarter. Or, you could even pass the hat to your employees. All of these methods could result in your company generating money that can be used to make a charitable donation.
After you have come up with the funds, you just have to choose a charity and give the money to the charity through their requested means. The Salvation Army is one popular charity that people give to. This could be a good option if you do not know which Charity to choose. However, there are charities for many different causes. For example, there are charities for the homeless, for the sick, for refugees, for animals, for those with no food to eat, etc.
There are a wide variety of charities to choose from. You can even ask your employees if they have recommendations for which charity your business should donate to. There is a good chance that your employees will have some good recommendations. Whichever charity you donate to, mixing business and charity can be a very good thing.