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Charitable Giving and Happiness

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As a fundraising and marketing company helping nonprofit organizations, Faircom New York knows the value of charitable thought and action. This value is confirmed by science, as well, which has documented its benefits to the giver on a personal level, such as making them a happier person.

Published in: Government & Nonprofit
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Charitable Giving and Happiness

  1. 1. Faircom New York
  2. 2. Introduction  As a fundraising and marketing company helping nonprofit organizations, Faircom New York knows the value of charitable thought and action. This value is confirmed by science, as well, which has documented its benefits to the giver on a personal level, such as making them a happier person. Money can, in fact, buy happiness--at least, when you spend that money on others. Along with two colleagues, Harvard Business School professor Michael Norton published an article in Science magazine titled, “Spending Money on Others Promotes Happiness." The article outlined three similar studies conducted by the researchers. In each study, participants were given money and were either instructed to spend it on themselves, or spend it on someone else, including giving the money to charity.
  3. 3. Charitable Giving  The studies all found that those who were instructed to give the money away reported being happier after the experiment than those who spent it on themselves. The specific amount you give doesn’t hold that much importance, as one of the studies found these same results after participants gave away just $5. Studies like these prove the value of charitable donation to all involved. If you'd like to donate but are unsure where to give, check out some of the nonprofits Faircom works with at faircomny.com.

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