Most people who give to a charity will regularly give to a few of their favourites. There are common names that people will list off as they explain to me their giving regime.
But how do they choose which the organisations that make the list? How do you choose a charity?
On occasion someone has mentioned to me that a random charity once “cold called” them, they immediately donated over the phone and have been supporting them ever since. People who do this are few and far between, but generally have a difficult time saying no and will get sick of it after a while. This is more of an ad-hoc selection criteria.
Those that have a strategy behind their giving are more intentional about what they give to and are more thoughtful about who they support. They will take a bit longer to make a decision about donating but will also stay connected to those charities for a longer period of time.
These people look at their giving through a portfolio perspective. Within their charity portfolio, they will normally have a couple of domestic charities they support, an international charity, and maybe one other area. After defining the issues they want to focus on, they research the different charities that work in that space, see how they spend their money, meet with the staff and start giving at a relatively small level. As they grow more confident in how the charity works and the depth of their impact, they will increase their giving over time.
Like any good relationship, it is built at the speed of trust. The deeper the trust built, the longer the relationship will last.