The Link Between Volunteerism and Philanthropy Among Youth

A quick  tip from Lynnette Khalfani-Cox, The Money Coach®

Today’s kids are often passionate about helping others or their communities in meaningful ways. No matter what their passion, civic-minded youth should know they can give both their time and treasure to causes they support.

More than a third of all high school teens volunteer, according to research from Child Trends. Additionally, data from The Corporation for National & Community Service show that volunteers are almost twice as likely to donate to a charity than those that don’t volunteer.

If your child expresses an interest in volunteering or donating to charity, have a conversation about how much money and time they would be comfortable giving.  A 10% donation is a good guideline for youth who have money from a part-time job, allowance or other sources.

By initiating the conversation about planned giving, you can help a young person cultivate a spirit of generosity and become a thoughtful, strategic giver.

 

 

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