‘Tis the season of gift giving. But perhaps there is no greater gift that you can give to a child than the gift of “giving back.” Children who are involved in giving at an early age make it a practice and a habit that continues into adulthood. They also behave better in the classroom and reach higher academic achievement.
How can you start kids down the path to being young philanthropists and volunteers?
Start small. Host a bake sale, gather school supplies, play games with elderly residents in a or work at a food bank or other event as a family.
Talk about local needs and global needs, but hold these conversations at a child’s level. By talking with them about homelessness, hunger, etc., you can teach them about compassion and about how they can make a difference in people’s lives.
Match your efforts with your family’s time and resources. Giving should feel pleasurable, not overwhelming. Even small efforts, such as shoveling a neighbor’s walk or taking a meal to a sick friend teach children valuable lessons in giving.
Talk about giving. Tell stories about what you do to show generosity with a single kind act, with a day of volunteering or with donations of goods or money. Encourage questions and think of ways you can all donate together.
Provide a “giving allowance” to encourage both saving and giving – an allowance with three equal parts set aside for spending, saving and giving to charity. This is a great opportunity for parents to help their kids understand the value of making the right purchases, saving money and choosing the right charities.
As kids grow older, you can up your discussions to help teach about financial values and setting and achieving short-term and long-term financial goals, saving for college, getting part-time jobs and more.
If you have a larger pool of donation funds, let kids select where some of the money goes. Teaching about discretionary giving is another step toward creating stronger philanthropic ideals for older children and young adults. You can also give your kids a budget for some of your charitable dollars and let them decide how they grant these them. Do they give it all to a single organization? Divide it among charities? This will help them consider how to have the greatest impact.
Kids mirror what they see. Teaching them how they can give back with their resources of time and money when they are younger will be one of the best life-long gifts you can share with them.
Universal Lending gives back.
At Universal Lending, we believe in giving back all year long. Our foundation’s Mortgage Bridge Program provides up to three months of mortgage and HOA payments to patients and caregivers at Craig Hospital after a traumatic brain injury or spinal injury, so they can focus on their recovery rather than their bills. We are honored to support others when they need us most.