Did you know the Woodman’s Center private fundraising campaign is the largest in Janesville's history? And it’s not without noting that our gratitude cup continues to overflow from the greater Rock County’s phenomenal support. The end of the year is the perfect time to join the campaign with a pledge today if you haven’t already.
End-of-year giving, often referred to as charitable giving in the final months of the year, is considered smart for several reasons, both for the donors and the recipients. Here are some key points:
Tax Benefits: One of the primary reasons people choose to donate at the end of the year is for tax deductions. In many countries, including the United States, money given to charity before December 31st can be deducted from that year's tax return. This can significantly lower a person's taxable income.
Budgeting and Financial Planning: For many, the end of the year is a time to review finances and budgets. This can be an ideal time to assess one's ability to give, especially if they have a clearer picture of their income and expenses for the year.
Holiday Spirit: The holiday season often encourages a spirit of generosity and thankfulness. Many people are more inclined to give during this time as a way of expressing gratitude and contributing to the well-being of others.
Increased Need and Awareness: Many charitable organizations conduct significant fundraising campaigns towards the end of the year, bringing attention to their causes. Additionally, the holidays can be a challenging time for those in need, increasing the urgency and impact of donations.
Matching Gifts: Some employers offer matching gift programs that coincide with the end-of-year giving season. This can double the impact of an individual's donation.
Setting a Precedent for the Coming Year: By giving at the end of the year, individuals and families can set a precedent of generosity and charity for the upcoming year. It's a way of starting the new year with a mindset of giving and community support.
Organizational Planning: For charities and non-profits, end-of-year donations are crucial for planning their activities and budgets for the following year. These donations can determine the scope and reach of their programs.
Emotional Benefits: Giving to others has been shown to improve the giver's emotional well-being. The end of the year, a time often associated with reflection and resolution, can be particularly meaningful for this aspect of giving.
In summary, end-of-year giving is beneficial for both the giver and the receiver. It offers financial benefits, aligns with the spirit of the season, and supports important causes, making it a smart and impactful choice.
If You Can’t Give, You Can Still Support the Project
If you aren’t able to join the Friends with a pledge, know there are other ways to be a project cheerleader. We encourage you to share our mission with your friends and family. Know of a business that might be keen to support the Woodman's Center financially? Consider sharing our message with them. We’d also love to see you join our social media family on Facebook and Instagram and share project updates and news with your networks.
Seeking Grants and Foundations
Community insight and connections continue to be golden in our quest for rounding up additional funding sources. Do you know of any grants or private foundations that sync with our objectives—adaptive reuse, redevelopment impact, job creation, equitable health and social outcomes, sustainable economic growth, and community resilience? If so, we'd love to hear from you. Together, we can make a big impact in reaching project goals! Contact Friends' project manager, Sabrina Bowerman at friends@woodmanscenter.com to start the conversation.