Is It Better To Donate Time Or Money To A Charity?

You want to do good in the world. That’s incredible. What’s even more beautiful is you’re not alone. In 2018, both volunteering and charitable giving of time and money broke records.

Over 77 million American adults engaged in donating time in 2018. During the same year giving topped $400 billion for the very first time.

While many Americans are already giving back to various charities, others aren’t sure where to start. Or wonder about their approach. They’re left questioning — Is it better to donate time or money to a charity?

Let’s explore both kinds of charitable giving to see what’s best for you

When to Donate Time

More than 30% of American adults volunteer through an organization. Whether it’s part of a company’s policy or personal choice individuals or families make, there’s no doubt Americans are generous with their time.

Additionally, more people take on informal roles, performing acts of service for friends, family, and neighbors.

Based on different surveys, best estimates say that 1 out of every two adults performs some service work.

But is donating time effective?