Benefactors are people in the position of doing good deeds by giving money without the expectation of being reimbursed or getting something in return. Due to this, benefactors may be older, wealthy individuals who seek to do good by giving their money to younger people in need, charities, and nonprofit institutions.
Benefactors may have several reasons to give away their money, time, and other resources, and it is common for individuals to help specific individuals and organizations that they care about. Whether to a charity, endowment, or other nonprofit, donations are commonly associated with benefactors.
Because donations to third parties can be written off of one’s taxes, they are typically factored into a benefactor’s financial and estate planning.
A recurring donation often means that the benefactor has sought out causes that carry enough meaning to prompt financial support. For example, a benefactor may send a fixed amount of money to a religious organization each year or provide annual funds to a local school
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