Money Stress Impacts Canadian Donors and Charities

Money StressWe hear it in your voice, and we see it in your donor notes: money stress is impacting how you navigate giving. You are looking to make the biggest impact possible, both for your charity, and on your income taxes.

In a December article, Kevin Press (for The Huffington Post) says it well,

“Economic growth remains stubbornly soft… In October, the International Monetary Fund predicted just 1.2 per cent growth for Canada this year and 1.9 per cent next year. Eight years after the financial crisis, our economy has yet to break out of its funk.

Canadians are feeling it, personally.”

Press goes on to say, “Money worries exist across income levels, and across the country. A new study fielded by Ipsos has found that three in 10 Canadians say they feel insecure about their financial health, defined as ‘a state of overall well-being where a person can fully meet current and future financial obligations to enjoy the things that matter most in life.'”

And when we feel it personally, that impacts our giving practices.

“Charitable giving in Canada has dropped to a 10-year low,” said Charles Lammam, director of fiscal studies at the Fraser Institute. The Global news article states that, “Canadians are becoming less generous…”

While we heartily disagree with the generosity of Canadians lessening, we do know that donors are less able to part with their hard-earned dollars. Decisions about what to spend our money on are subject to closer scrutiny as we feel the pinch of pressing commitments, financial obligations, and our desire to support the causes we care about.

We’ve also seen a shift in the level of stress and strain you bring to your follow-up process. There is a sort of entrenched suspicion that the business you are dealing with is trying to withhold, or (worse!) outright dishonest.

Donate a Car Canada has been in business for over a decade, and we are proud to act with integrity on behalf of all of our donors. This is evident in the way that your tax receipts reflect the fluctuations of a volatile metal market, and in the way we carefully manage your donation particulars. If in doubt, call our toll free line — sometimes connecting with someone in person provides more reassurance than written documentation, and we are always delighted to hear from you.

Whatever your circumstance, we are hopeful that 2017 is a year of solid footing financially, and that you find yourself in good health, surrounded by people who like you quite a lot! If we can help enhance the year with a gift to your charity via vehicle donation, give us a call, or click the button below and we’ll be at your service.
Donate My Car

Quote Credits:
One Third of Canadians Feel Financially Insecure, http://www.huffingtonpost.ca/kevin-press/onethird-of-canadians-fee_b_13712544.html, by Kevin Press, 2/22/2016
Charitable giving in Canada drops to 10-year low, according to tax data, http://globalnews.ca/news/3130108/charitable-giving-in-canada-drops-to-10-year-low-according-to-tax-data/, by Alia Dharssi, December 15, 2016

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