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How To Pick The Most Cost-Effective Charities For Your Donations On Giving Tuesday

How To Pick The Most Cost-Effective Charities For Your Donations On Giving Tuesday

Giving Tuesday is on November 29th and is the biggest day for donations in the year.

But, how exactly do you give wisely on Giving Tuesday?

There are millions of charities out there. Some charities are local and give back to their immediate communities, addressing local issues like homelessness and poverty in cities around you. Others give back on a global scale and do good by addressing suffering and increasing abundance around the world through charities that address world hunger, disaster relief, epidemics and pandemics, etc.

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So what does that mean for your donations? Well, every time you donate, you make a choice of how much good you want to do with your money. By making a donation, you are using your money to produce a certain amount of “good” in the world. By donating to a “less effective” charity, you are doing less good. This concept is known as opportunity cost in economics.

Don’t believe me? Let’s work through a specific example.

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Let’s say you have two charities who share the same goal of saving children’s lives. Charity A spends $20 million per year to save 100 children from cancer. Therefore, Charity A saves 1 life at a cost of $200,000.

Let’s take a second charity – Charity B – that saves children from a deadly tropical disease, such as Against Malaria Foundation. Research shows that it takes this charity just under $3,000 to save a life, which means that for $20 million, it can save over 6,600 children! By using the metric of cost-effectiveness in saving lives, we can see that Against Malaria Foundation is 66 times more effective at saving children’s lives than Charity A.

Cost-effectiveness is a critical metric to use in evaluating how much good we can do with our money when giving back, since that’s how we can measure the amount of good done per dollar.

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Let’s look at another example.

Make-A-Wish Foundation helps terminally ill children fulfill one grand wish. For example, they can take a child to Disneyland to be a Princess For A Day, or help the child be a Police Officer or Fighter Pilot For A Day, or another grand wish. Make-A-Wish has great stories that draw at people’s heartstrings and move them to donate over $300 million per year to their organization. Make-A-Wish spends over $10,000 on one wish, and the outcome, in terms of good being done, is a child and the child’s family having one day of joy.

In comparison, GiveDirectly does direct cash transfers of $1,000 to poor people in East Africa. With that amount of money, a family with several children transforms their lives. That kind of money can build a house and buy crops. Their children can go to school. They are healthier physically and mentally. According to rigorous research, the recipients of these cash transfers have substantially better lives. Giving money to GiveDirectly results in much more joy being created in the world than giving to Make-A-Wish. Yet, a lot more people donate to Make-A-Wish, because they fall for the narrative fallacy, which is our tendency to like and believe in something just because it has a good story associated with it. We fall for the story of addressing the wishes of terminally ill children, as opposed to achieving our actual goals of making the most difference for doing the most good in the world.

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So how can you give wisely this Giving Tuesday to do the most good that you can per dollar?

There are high-quality nonprofit charity evaluators that serve as consumer report organizations to help donors choose the most cost-effective charities:

  • The Life You Can Save uses a rigorous selection methodology to recommend a number of charities oriented toward poverty reduction. It has an impact calculator to help donors see the specific impact of their giving.
  • GiveWell provides in-depth research reports on top charities focused on reducing poverty. Both The Life You Can Save and GiveWell give high marks to GiveDirectly and Against Malaria Foundation.
  • Animal Charity Evaluators gives recommendations on the most effective charities to prevent animal suffering. It has recommended The Humane League, Mercy For Animals, and Animal Equality, and you can see its current top picks here.
  • Giving What We Can unites a community of people dedicated to giving 10 percent or more of their money to effective charities.
  • Intentional Insights provides articles, videos, and other content to help you make wise decisions about your donations.

By relying on these organizations, you can make sure you will give wisely this Giving Tuesday!

Featured photo credit: Woman giving apple/Flickr via flickr.com

More by this author

Dr. Gleb Tsipursky

Cognitive neuroscientist and behavioral economist; CEO of Disaster Avoidance Experts; multiple best-selling author

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Last Updated on September 30, 2020

How to Live a Stress Free Life in a Way Most People Don’t

How to Live a Stress Free Life in a Way Most People Don’t

Learning how to live a stress free life may seem impossible, but the truth is that there are specific things you can do to begin eliminating sources of stress.

No, it doesn’t look like a made-for-television movie. No, it doesn’t look like something only people with extra time and money can do. It looks like your life—but without any self-created stress triggers.

Here are 11 ways to help you live a stress-free life:

1. Stop Overanalyzing Situations That Haven’t Happened

The first step to living a stress-free life is to stop overanalyzing imaginary scenarios. It’s easy to spend time in the world of worst-case scenarios. People tend to cultivate this world for one of two reasons.

First, because if you know what the worst-case scenario is, then it won’t surprise you when it happens. Second, if you know what the worst-case scenario is, then you can do everything in your power to control the universe so the worst case never happens.

If that’s really the world you want to cultivate, then become a professional risk assessor. If not, then ask yourself how you are benefiting from continuing to live that way.

Does it make you feel better about yourself and your life? Does it make you want to leap out of bed in the morning, eager to embrace the worst-case scenario? Does it bring you joy or fulfillment?

If your answer to these three questions is no, then stop living in the future and bring yourself back into the present.

2. Don’t Take on Other People’s Problems

The whole advantage of other people having problems is that they aren’t your problems. When you frequently take on other people’s problems, you get into the habit of enabling.

Let’s get crystal clear about the definition of enabling: enabling is the art of continuing to take responsibility for other people, thereby disallowing their personal responsibility[1].

It is of no service to other people to take on their problems because they can’t/won’t/don’t know how to fix the problem.

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It is of service to empower others to take responsibility for themselves and their lives, to encourage, teach, and motivate others to address their own problems. So stop enabling, and start empowering.

3. Get Present in the Moment

Being present in the moment involves being in your body and feeling your feelings—two things that lots of folks actually don’t know how to do.

Ask yourself these two questions: What does fear feel like in your body? What are you afraid of?

If you don’t know the answer to these questions, you probably aren’t present in the moment. Being present involves vulnerability, humility, and openness[2].

How to live a stress free life by being present

    The past and the future stop being so relevant and intriguing when you’re able to get in your body and feel your feelings. When you can do these two things, you actually want to be in the present moment.

    To get started, close your eyes, focus on your breathing, and watch your stress levels drop. Then, try these tips: How to Live in the Moment and Stop Worrying.

    4. Focus on What You Have, Not What You Don’t

    The easiest way to stop focusing on what you don’t have is by not watching TV commercials. Marketing teaches us to focus on what we don’t have, and advertising campaigns spend millions of dollars convincing us that we must have what we don’t yet have.

    Can you think of a marketing campaign that teaches you to enjoy what you already have without buying something to enhance it? Odds are you can’t.

    In a world dictated by Super Bowl commercials and Facebook ads, it takes stalwart focus to recognize what you have more than what you don’t. If you want a stress-free life now, get stalwart, and stop letting other people dictate your focus.

    In order to do this, try cultivating a gratitude practice to help refocus your mind toward what is good in your life. You can get started with this guide.

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    5. Stop Surrounding Yourself With People Who Don’t Make You Happy

    Honestly, what kind of people do you really like to be around with? People who get you, who see you clearly, who accept your flaws and all; people you can be yourself with; people who have shared interests?

    How many of those people are in your life? What characteristics do all of the other people in your life have?

    If you find that the people in your life aren’t adding anything positive, it may be time to make some changes. If you find that other relationships you have are downright toxic, start working to cut out those relationships immediately.

    6. Find a Job That Makes You Feel Good

    You don’t have to stay at a job just because it pays the bills. Most people spend more time working than sleeping. The average person spends 40 to 80 hours a week—or 2,000 to 4,000 hours a year—working. That is a significant investment!

    If your best friend or child told you that they were going to spend 4,000 hours giving their emotional, mental, and physical energy to something (or someone) that wasn’t going to value them, give anything back to them, or pay them what they were worth, what advice would you offer? Give that same advice to yourself. You won’t be stress-free unless you don’t learn this[3].

    Here’re 11 Signs That You Should Leave Your Job.

    7. Only Take on What You Can Handle

    Busyness is an addiction. Slowing down can actually be terrifying because it causes you to notice that you have feelings that you now have time to feel.

    I get it.

    By the time I slowed down, I had decades of busyness under my belt. I went into a tailspin depression because I didn’t understand how to be in the right relationship with my own emotions.

    When I finally figured out that feelings are just feelings and allowing them to express themselves is healthy and natural, I stopped experiencing withdrawal from my addiction to busyness and started figuring out the pace of life that felt best for me.

    Remarkably, I discovered that I don’t actually like being busy. What will you discover about yourself?

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    8. Let Go of Grudges and Anger

    For me, it took 20 years of adulthood to figure out that holding on to grudges and anger only hurt me. Lucky for you, though, you can benefit vicariously from my experience just by reading one short paragraph!

    No one is holding your feet to the fire, demanding that you hold on to grudges and anger. The energy of anger slowly eats away at your body, mind, and spirit, until one day you wake up more resentful than optimistic.

    One day, people no longer want to be around you because the stink of negativity is oozing out of your pores. One day, you even get tired of hearing yourself get angry. And the person or people you are angry at or holding grudges against probably haven’t been affected at all.

    Who gets hurt the most in that process of repeating negative thoughts? You do.

    Some good advice for you here: How to Let Go of Resentment and Anger

    9. Stop Reliving Your Past

    To live a stress-free life, you have to stop reliving your past. I know it seems like fun to compare everything in your present to your past, and to experience the present through past-colored glasses, but it actually isn’t.

    When you wear past-colored glasses, you can’t truly experience the present for what it is. Your boyfriend or girlfriend gets compared to a list of expectations and failed relationships rather than recognized for the unique blessing they are in your life.

    Your boss gets compared to all the bosses who came before her/him. Your friends’ ability to parent gets compared to your parents’ ability to parent.

    People, including you, deserve to stand on their own past-free merit.

    10. Don’t Complain About Things You Can’t Change

    There are always going to be people elected into office whom you don’t like, taxes that you don’t want to pay, idiot drivers who refuse to move out of the left-hand lane, and a person ahead of you in the check-out line who won’t stop chatting with the clerk.

    The great benefit of being human is that we get to experience all of what life offers us. To live stress-free is to learn to deal with this fact.

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    Dwelling on your frustration with something that can’t be changed doesn’t do anything other than drag you down. You are the only person who will ultimately decide how to respond to what is.

    11. Stop Living Through Other People’s Lives

    Someone else’s life is not your life. Your life is your life.

    What that means is you get to live your life in the way you want. You get to make ridiculous mistakes, take leaps of faith, and stuff things inside your handbag of fear just as much as the next person.

    Going through stuff is the whole great messy adventure of being human! Being alive and living life is terrifying and glorious and everything in between.

    Stop living through social media, trying to soak in all of the experiences everyone else is having. Focus, instead, on what it feels like to be you in this moment. You may find you like it.

    Final Thoughts

    An astounding thing happens when you reduce stress and anxiety, get into a relationship with your body, mind, and spirit, and just be yourself without judgment.

    Your life literally slows down. You stop wishing for the weekend. You begin to live in each moment, and you start feeling like a human being. You just ride the wave that is life, with this feeling of contentment and joy.

    You move fluidly, steadily, calmly, and gratefully. A veil is lifted, and a whole new perspective is born through improved mental health. And this is how you live a stress-free life.

    More Tips on How to Live a Stress-Free Life

    Featured photo credit: Drew Coffman via unsplash.com

    Reference

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