Mar & Mark as Volunteers

musings on our lives as volunteers….

Posts Tagged ‘ethical altruism

Getting into Ethical Altruism

leave a comment »

With the EOFY rapidly approaching (that’s “End of Financial Year”, for those not into silly acronyms!), it is also a time when many people (in Australia, at least), look at making donations to charities they want to support with much needed (and appreciated!) funds.  For the last few years, we have embraced a concept which is known as “Ethical Altruism”.  This is a term coined by ethicist, philanthropist, animal rights activist, and other “ists”, Peter Singer.

Essentially, it is about making sure that the hard-earned money you donate does as much “good” as possible.  For simplicity, let’s just say this is all about helping the MOST people, who are in the MOST need.  Not a tough concept, and one that we subscribe to.

why not cartoon for giving

To help you along, there is a very cool online calculator which can assist you in determining how MUCH you should give (well, it’s a guideline, anyhow).   Don’t freak out – it’s not like some religious tithing system of 10%.   It works out to about 1 or 2 % of your gross income generally, depending on how much you earn.   Obviously, the more you earn, the greater “good” you are capable of doing, so the percentage goes up accordingly.   Seems fair to us!   Have a play with the calculator here.

Like many others, we want to know that the money we are donating is doing the “most good”.  So one tool that we found super helpful was this research / analysis on a number of different charities.   Saved us having to do the research!  (spoiler alert:  the Give Well website ranks the Against Malaria Foundation as one of the best (and it is tax deductible in Australia).   But there are many other wonderful organisations here, as well.  One consideration for us was to find charities that were Australian based, and many of the ones researched are based in America.   However, there is a handy link to the Effective Altruism Australia site, where you can make your Aussie donation tax deductible, and ear mark it against the approved charity of your choice.   What could be easier?  (you’re welcome!)

How do you make your donations each year?  What sort of criteria do you use?  Let us know in the comments section – would love to hear from you!

Happy giving.

Written by Mar(k)

June 20, 2016 at 4:00 pm