Sanya Aggarwal

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Vaishnavi B

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Kartikye Sharma

It is true that donations make everyone feel good. We all love the feeling we get after donating&nbsp; money to a charity. Some of us may be thinking of donating now, as everyone should donate not&nbsp; once but as many times as possible in their lifetime. As an individual, we can only contribute a part&nbsp; of our income, but have you ever thought how impactful donations by big companies can be? Let’s&nbsp; read this article to understand whether the companies should donate money or not.&nbsp;<h1> Why Every Business Should Support A Nonprofit</h1>&nbsp;Monetary donations made by big companies have been a major source of funds for a lot of charities.&nbsp; So yes, companies should definitely donate money. They help to save thousands of lives and&nbsp; contribute to hundreds of causes all over the world. A company performing charity is known as&nbsp; corporate philanthropy. Corporate philanthropy refers to the activities that a business does to help&nbsp; society.&nbsp;&nbsp;The idea of corporate charity is totally not a new concept. It dates back to the Roman era. In that&nbsp; era, companies used to donate money to military requirements and campaigns. However, over the&nbsp; past two centuries, companies' donating money has become a common thing with the emergence of&nbsp; new industries. Hence, the tradition of donation should be carried forward.&nbsp;&nbsp;Nowadays, more companies, small and large, are coming across many benefits of supporting&nbsp; charitable causes, as doing so can actually improve their business standards. In addition to tax&nbsp; benefits, companies will gain a lot of social benefits as well.&nbsp;<h1>How Corporate Donations Can Benefit Your Company&nbsp;</h1>&nbsp;Companies benefit in plenty of ways through charitable donations. Here are five benefits of&nbsp; corporate donations:1.TAX DEDUCTION ADVANTAGES&nbsp;&nbsp;<img class="image_resized" style="width:61.9%;" src="https://strapi.thekarmapoints.com/uploads/EF_4_B3_A1_D_6339_4_A62_B8_A3_CF_10_F59_B4994_9230131209.jpeg" alt="EF4B3A1D-6339-4A62-B8A3-CF10F59B4994.jpeg" srcset="https://strapi.thekarmapoints.com/uploads/thumbnail_EF_4_B3_A1_D_6339_4_A62_B8_A3_CF_10_F59_B4994_9230131209.jpeg 245w,https://strapi.thekarmapoints.com/uploads/small_EF_4_B3_A1_D_6339_4_A62_B8_A3_CF_10_F59_B4994_9230131209.jpeg 500w,https://strapi.thekarmapoints.com/uploads/medium_EF_4_B3_A1_D_6339_4_A62_B8_A3_CF_10_F59_B4994_9230131209.jpeg 750w,https://strapi.thekarmapoints.com/uploads/large_EF_4_B3_A1_D_6339_4_A62_B8_A3_CF_10_F59_B4994_9230131209.jpeg 1000w," sizes="100vw">Donations can reap tax exemptions for a company if done according to relevant tax regulations.&nbsp; When a company donates money to a government-approved charity, it can be eligible to get tax&nbsp; deductions.&nbsp;&nbsp;According to Section 80G, you can subtract your company's donations to central or state relief&nbsp; funds, NGOs, and other charitable organisations from your company’s aggregate income to&nbsp; determine your company’s taxable income.2.BUILDS COMPANY REPUTATION&nbsp;&nbsp;<img class="image_resized" style="width:60.25%;" src="https://strapi.thekarmapoints.com/uploads/pexels_photo_6172536_ca541dc08d.webp" alt="pexels-photo-6172536.webp" srcset="https://strapi.thekarmapoints.com/uploads/thumbnail_pexels_photo_6172536_ca541dc08d.webp 234w,https://strapi.thekarmapoints.com/uploads/small_pexels_photo_6172536_ca541dc08d.webp 500w,https://strapi.thekarmapoints.com/uploads/medium_pexels_photo_6172536_ca541dc08d.webp 750w,https://strapi.thekarmapoints.com/uploads/large_pexels_photo_6172536_ca541dc08d.webp 1000w," sizes="100vw">Corporate donations can help your company build a positive image of itself. Your company can take&nbsp; it up as an alternative marketing strategy as well. A charitable tag can strengthen your company’s&nbsp; profile and public reputation.&nbsp;&nbsp;Supporting causes that actually go with your company’s core values can be beneficial. This could&nbsp; help your company gain positive attention. Who knows, your company could gain potential&nbsp; investors' attention as well. &nbsp;3.BUILDS EMPLOYEES' MORALE&nbsp;&nbsp;<img class="image_resized" style="width:59.6%;" src="https://strapi.thekarmapoints.com/uploads/80_F572_EB_1_FA_3_43_EB_978_D_B147294_D8_D3_D_d6270a87b8.jpeg" alt="80F572EB-1FA3-43EB-978D-B147294D8D3D.jpeg" srcset="https://strapi.thekarmapoints.com/uploads/thumbnail_80_F572_EB_1_FA_3_43_EB_978_D_B147294_D8_D3_D_d6270a87b8.jpeg 234w,https://strapi.thekarmapoints.com/uploads/small_80_F572_EB_1_FA_3_43_EB_978_D_B147294_D8_D3_D_d6270a87b8.jpeg 500w,https://strapi.thekarmapoints.com/uploads/medium_80_F572_EB_1_FA_3_43_EB_978_D_B147294_D8_D3_D_d6270a87b8.jpeg 750w,https://strapi.thekarmapoints.com/uploads/large_80_F572_EB_1_FA_3_43_EB_978_D_B147294_D8_D3_D_d6270a87b8.jpeg 1000w," sizes="100vw">When your company makes charitable donations, your participation in your community increases.&nbsp; This can boost your employees' morale. The awareness that they are a part of the contribution that&nbsp; helps someone’s life can improve work culture and motivate them to work better and contribute&nbsp; more.&nbsp;&nbsp;Companies will probably earn more respect from their employees for supporting their communities.&nbsp; According to one study, employees whose employers support charitable causes have a positive&nbsp; attitude toward their company and are more likely to work and stay with them in the long run.&nbsp;4.CREATES VISIBILITY&nbsp;&nbsp;<img class="image_resized" style="width:59.66%;" src="https://strapi.thekarmapoints.com/uploads/pixa_3_e0b880aee7.jpg" alt="pixa 3.jpg" srcset="https://strapi.thekarmapoints.com/uploads/thumbnail_pixa_3_e0b880aee7.jpg 234w,https://strapi.thekarmapoints.com/uploads/small_pixa_3_e0b880aee7.jpg 500w," sizes="100vw">Having your company logo placed at charitable events can gain a good amount of visibility and&nbsp; media coverage for your company, promoting a positive public image. Your company name would&nbsp; be visible to everyone who is watching the event news or listening to a radio show where your&nbsp; company name has been announced as the title sponsor. If you wish to gain good brand visibility,&nbsp; sponsor a big cause-related event rather than multiple small events.&nbsp;5. AN OPPORTUNITY TO GIVE BACK TO YOUR COMMUNITY&nbsp;&nbsp;<img class="image_resized" style="width:60.49%;" src="https://strapi.thekarmapoints.com/uploads/0840_D2_E3_62_F7_43_C3_8_EC_0_66_C0_DCA_6_A5_E4_3871e4517f.jpeg" alt="0840D2E3-62F7-43C3-8EC0-66C0DCA6A5E4.jpeg" srcset="https://strapi.thekarmapoints.com/uploads/thumbnail_0840_D2_E3_62_F7_43_C3_8_EC_0_66_C0_DCA_6_A5_E4_3871e4517f.jpeg 234w,https://strapi.thekarmapoints.com/uploads/small_0840_D2_E3_62_F7_43_C3_8_EC_0_66_C0_DCA_6_A5_E4_3871e4517f.jpeg 500w,https://strapi.thekarmapoints.com/uploads/medium_0840_D2_E3_62_F7_43_C3_8_EC_0_66_C0_DCA_6_A5_E4_3871e4517f.jpeg 750w,https://strapi.thekarmapoints.com/uploads/large_0840_D2_E3_62_F7_43_C3_8_EC_0_66_C0_DCA_6_A5_E4_3871e4517f.jpeg 1000w," sizes="100vw">Corporate donations don’t have to be done on a global scale. When you give back to your local&nbsp; community, your company can gain the benefits of corporate charity. Your employees would get a&nbsp; note of your charitable efforts. This will motivate them, and the spread of words could raise your&nbsp; company’s reputation positively.&nbsp;&nbsp;Moreover, corporate donations can reach out to charitable organisations to solve human problems&nbsp; and reduce the burden on the government.&nbsp;&nbsp;<h2>Conclusion</h2>&nbsp;Corporate donations can transform suffering communities, either directly or through charitable&nbsp; organisations. So companies should definitely donate money, not only because they reap benefits in&nbsp; return but because they are also contributing to the welfare of society. Charitable donations can help&nbsp; change thousands of suffering people’s lives and make communities stronger. Your company can&nbsp; leverage the advantages of charitable donations while contributing towards a better world.&nbsp;&nbsp;<h2 style="margin-left:0.4799995422363281pt;">How can your company donate money?&nbsp;&nbsp;</h2>&nbsp;It’s simple!&nbsp;&nbsp;All you need to do is download the Karma Points app or visit our website at&nbsp; thekarmapoints.com to contribute towards multiple charities and causes while sitting at&nbsp; home.&nbsp;Karma Points app enables donors to personalise their donation experiences and contribute with full&nbsp; transparency. By donating through the Karma Points app, you can actually help a lot of women,&nbsp; children, and elderly people, help in poverty eradication, and educate children. Not only this, karma&nbsp; points also offer you exciting points after your donations, called "the karma points," which is kind&nbsp; of a reward for your good deed. These points can be redeemed on our website or on the karma&nbsp; points app with various brands such as Cultfit, Chaipoint, Nat Habit, and Ugaoo partnered with us.&nbsp;

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 5 benefits of donating money: 1. TAX DEDUCTION ADVANTAGES 
2.BUILDS COMPANY REPUTATION
3.BUILDS EMPLOYEES' MORALE  4.CREATES VISIBILITY 5. AN OPPORTUNITY TO GIVE BACK TO YOUR COMMUNITY 


Benefits of donating money to a company 

Donating money can be n easy way to help others. Learn more about the benefits of donating money to the needy in the following article. 

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5 Awesome Benefits Of Charitable Donations To Your Business

5 Awesome Benefits Of Charitable Donations To Your Business

Vaishnavi B

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