According to the article “The Privilege of Giving,” from the Marriott Alumni Magazine, “Charitable people are usually happier, have less stress, and their return on their charitable giving is 3.75 times.”
In 2000, Harvard and other universities and community foundations in 41 United States communities sponsored a study of 30,000 American families. Named the social Capital Community Benchmark survey, it asked families what they do with their time, where they donate, if they volunteer, how much money they make, and what their jobs area. The study showed from this study that when people get ten percent richer in income, they give away seven percent more money to charity, and that when people give charitably they also get richer. The return on investment for every dollar given to charity is $3.75.
Not only do givers get richer, there are also two reasons for the success of people who donate: 1. Giving changes givers and makes them more effective. 2. Giving changes the perception other people have of givers, and that also makes them successful. Psychologists have figured out that people who give some amount of money every year are 43 percent more likely than non-givers to say they’re very happy people. Volunteering one more time per week will raise your likelihood of saying you’re very happy by 50 percent. Even blood donors are 50 percent more likely to say they’re very happy than people who don’t donate blood.
Psychologists have also found that stress hormones are reduce or depressed by charitable giving acts. People who are less stressed-out are more focused on their tasks. So, if you consistently have less stress, you’re going to be more successful.
Case in point, Doug Smith Autoplex has been a major sponsor of the American Fork marching band through the years. In their first few years, they didn’t have the money, but decided to donate anyway to help the marching band. Doug tells me that many students have come back to buy cars from him just because he was loyal to the band. Recently, a former band member and her husband drove from California to purchase a car from Doug Smith.
In tough economic times–Don’t say you can’t afford to give. If you want to get rich quicker and live a less stressful you can’t afford not to give!
(Information gleaned from Marriott Alumni Magazine, Winter 2008, article Privilege of Giving, pg 16 -20.)