On Friday 02 May 2008 11:34:46 am Aadisht Khanna wrote: > . Rather than give five thousand > rupees a month away now, I could invest it, get a return, and give > larger lump sums later. Which in your opinion would make more sense? > 5. Point #4 also ties up with how much a particular donation should > be. Are large lump sump donations better or worse than regular monthly > donations? There would be transaction costs and processing costs > involved, but how important are these?
Like others said - a lot depends on what you want to do. If you are looking for a tax write off, then monthly donations to a suitable charity with receipt etc are useful. Saving up 5000 a month does not amount to much after 1 year - but after 5 years a sum of 3 lakhs plus could do something like put a child through college, or build an extra room or other facility for a school. My personal choice is to let money slip out to people (usual casual workers) who depend on me for some of their income in the first place. Pay for a cellphone here, a school entrance fee grant there, medical expenses somewhere else. That gives me the freedom to give as much as I think I can afford at a given time without tying me down to a fixed figure. shiv
