Credit Cards Make Philanthropy Easy - Other News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Credit Cards Make Philanthropy Easy

Credit Cards Make Philanthropy Easy

Credit Cards Make Philanthropy Easy
The content is accurate at the time of publication and is subject to change.

Credit cards are often associated with debt and financial trouble. But they can also be a means to a philanthropic end when used creatively. Stephen Paletta of Connecticut, who won Oprah Winfrey’s “Big Give” competition in 2008, has created GiveBack.org. The site allows people to create their own foundation and accrue money for various causes. Another website, Donors Choose, allows people to use their credit cards to donate money to schools lacking necessary materials with a click of the mouse.

How Anyone Can Run a Charitable Foundation

When Stephen Paletta won Oprah’s Big Give competition, he was awarded $1 million — half of which he had to give away. For Paletta, it was the process of figuring out how exactly to divvy up the $500,000 that led to the development of GiveBack.org. Paletta felt it was difficult to keep all his donations organized, and he could never really be sure the donation in full made it to the intended charity.

With GiveBack.org, individuals can create an account, which is like an online foundation, for specific causes. GiveBack.org now features more than 1 million IRS-registered charitable organizations, and 100% of the donations go to charity. Individuals can donate money directly to various foundations, or shop for goods and services from more than 400 retailers that will give back to the person’s foundation. Paletta would also like to offer a GiveBack credit card in the future, where a percentage of purchases would be deposited into the cardholder’s foundation of choice. Consumers can easily be philanthropic in their everyday lives thanks to credit cards.

Donors Choose School Supplies

A high school teacher in the Bronx, Charles Best, created Donors Choose, an organization with the goal of connecting donors with schools in need of supplies. Teachers can request resources for their classroom through the site, and then the charity handles purchasing and shipping the supplies directly to the school. This allows the classrooms in need to move forward their assignments, and in return donors get to see pictures of the completed project and even letters from the students. Donations can be made easily at DonorsChoose.org with just a credit card and a click of a button. Both of these websites also have the advantage of keeping an individual’s credit card donation information conveniently in one place for tax time.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Brand New Categories for Chase Freedom Cardholders

Posted: September 20, 2018

Chase Freedom Cardholders have new categories to choose from this fall and just in time for the holiday season too. They will be able to earn 5% cash back when shopping at Wholesale Clubs, like Sam's Club and Costco, as well as Department ... Continue reading
Chase Sapphire cardholders can earn 60,000 extra Points

Posted: September 19, 2018

Bonus points can be a great way to get a head start on that trip you've been eyeing and now people with the Chase Sapphire credit card will be able to get there sooner if they sign up for a new Sapphire bank account. Chase's new premium ... Continue reading
Get 20,000 points or $200 With Amex Offers for Business

Posted: September 18, 2018

Do you have an American Express business credit card? Are you thinking about spending some money with AT&T Wireless for Business? If the answer is yes to these questions you may want to check out your Amex Offers account to see if you are ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
For Excellent, Good Credit
0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 15.74% - 25.74% based on your creditworthiness
For Excellent, Good Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!