Being Smart About Charitable Contributions

Being Smart About Charitable Contributions

Being in the position to give money to help others is amazing. To be able to give to those in need can have a lasting impact on a person, family, or organization. But how do you give in a way that aligns with your values and where it will have the greatest impact? In this episode, I talk with Michael Thatcher about how to make smart, informed financial decisions regarding charitable giving. Michael leads Charity Navigator in its efforts to make impactful philanthropy easier for all by increasing the breadth and depth of evaluation methodologies to facilitate ratings coverage of substantially larger numbers of charities and expand how the information engages new and existing audiences. Before joining Charity Navigator Michael spent more than fifteen years with Microsoft. Michael’s eclectic background includes years at sea conducting oceanographic research with Woods Hole Oceanographic Institution, composing music and dancing internationally as the co-founder and co-director of Dance Music Light. Michael shares tips on how to find a person, place, or organization to give value or money to, things to look for, and how to evaluate your giving impact over time.

Thank You!

The Military Money Show is supported by Navy Federal Credit Union. Ready to get that credit card debt off your back this year? Navy Fed can help if you get a low APR on balance transfers with their Platinum Credit Card, which is their lowest rate card. At Navy Federal Credit Union, their members are their mission. You can learn more at

Smart About Charitable Contributions Episode Details

  • Michael’s fascinating past work
  • Was Michael part of the search for the Titanic
  • A breakdown of what charitable contributions are
  • Charity vs. nonprofit
  • Why consider a charitable gift
  • Types of contributions people can make
  • The misconceptions about giving
  • Where to start
  • Giving in alignment with your values
  • How to develop a giving strategy
  • Researching organizations to make charitable gifts to
  • Things to ask a charity before you give
  • The best time to give
  • Mistakes you can easily avoid
Related: How to Make Your Military Taxes Ready 

Being Smart About Charitable Contributions Resources

  • Charity Navigator
  • Golden Volunteer Opportunities
  • Otter.AI
  • Stealing Fire by Jamie Wheal
  • The NFL – Starting in 1942, the NFL operated as an unincorporated nonprofit 501(c)(6). The NFL ended it’s tax-exempt status in 2015.
More Podcast: How to Set Goals for New Year 

Reserve Your Pass for #MilMoneyCon23

MilMoneyCon is the annual event for financial professionals united by military service. Its mission is to bring service members, veterans, and military spouses together to build and progress their careers, continue their education, and grow their earning power as practicing or rising financial professionals. MilMoneyCon23 is happening April 27-29, 2023, in Nashville, TN. Attending the annual conference gets you connected with the biggest community of military financial planners, coaches, counselors, candidates, and educators. It’s a place to find employment and money-making opportunities, increase earning power, and continue your education. Reserve your pass at Reserve your hotel room here. Change the arrival and departure date to April 27-30, 2023, for the discounted room rate.

Got Money Questions?

Get them answered on the show. Submit your questions here.

Thank You for Podcast Reviews!

I appreciate your review of The Military Money Show on iTunes, Google Podcast, iHeart Radio, and Stitcher. It helps me make the podcast better and better. Plus, it helps other people find me.


Disclosure These notes may contain links to our affiliate products or services, which means I might get compensation when you click or buy. That said, I’m only going to put affiliate links that are in line with our podcast discussion. If you want to “kickstart” your finances in the military, you can get access to my free Financial Kickstart Kit here.