Philanthropy
1 minute read
The recent wildfires across Greater Los Angeles left a trail of destruction that devasted individuals, families and organizations, and we extend our thoughts to all who were affected.
During crises, including natural disasters, it’s common to feel uncertain about how to make an impact. Yet you can make meaningful contributions in many ways—volunteering your time, giving your financial resources and helping the nonprofit organizations working tirelessly to support those in need.
Helping people who are in great peril is one of the most intrinsic forms of philanthropy. Your support might even have a transformative effect on relief and rebuilding efforts.
But donating can be difficult during a crisis. Information from the field can be inaccurate, and the number of charities asking for donations during and after a disaster can suddenly proliferate.
To help you give effectively in times like these, we offer these insights, including questions to help you with due diligence, considerations for the disaster’s later phases, and ways to track your donations’ impact.
Whether you are looking to volunteer your time, financial resources or expertise, it’s essential to choose established, registered charities with a proven track record in disaster management. Look for charities that have demonstrated success in prior crises and/or that are familiar with the area. When you’re looking, you may find charities with needs that have emerged during the crisis that also align with your existing philanthropic goals.
If you find yourself drawn to new charities, ensure they have applied for 501(c)3 status or are using a registered fiscal sponsor. Evaluate the charity’s leadership, reputation and capacity to manage funds and assess needs effectively.
Key questions
Disaster recovery is a complex process. It requires a strategic approach to addressing immediate needs—emergency shelter and supplies, for example—and to long-term needs as well, including reconstruction and ongoing mental health support. Philanthropy plays a crucial role in these multifaceted efforts.
While disaster fundraising often declines after six months, the needs on the ground persist.
Key considerations
Think about the evolving situation as having several phases:
You should certainly gain an understanding from the recipient organization of where the needs are greatest, but equally important is setting clear expectations for your contributions so that your donations will be used for the purposes you intend.
Key tips
Leverage our help and expertise
As we have come together to support Los Angeles and its surrounding communities, our collective efforts can help rebuild lives, restore hope and ensure a more resilient future for all. J.P. Morgan Private Bank is committed to helping you make a difference.
We can help you navigate a complex financial landscape. Reach out today to learn how.
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