Pay it Forward 2014 Wrap Up
As the year comes to an end, I always like to go back and take a look at how my clients have done with the pay it forward promise. This is a program I instituted last year where I donate $50 to a charity of my client’s choice every time he or she does a loan with me. Last year, we did exactly 100 loans, totaling $5,000 in donations. This year, we did 83 loans which totals $4,150 in donations.
The donations are made to a number of different organizations in the greater Detroit area. There are no real restrictions; they can be small, local charities or local arms of large, multinational charities. I just ask that the charity be local in some way so that we are giving back to the communities where we live. I think charity starts at home, and I see this as a great way to help rebuild this wonderful state.
Some clients have a specific charity in mind when I discuss this program with them, but most simply chose one of my featured charities. These charities have become featured because I have some vetted them against a number of other charities and like what they stand for, but my list is in no ways all-encompassing of every great charity.
The number one charity for donations this year was the Make a Wish Foundation, Detroit chapter, with 11 donations or $550. The next most donations went to the Children’s Leukemia Foundation of MI, with 7 donations totaling $350. And in third, there was a tie for 6 donations each or $300 each for Operation Injured Soldiers and Karmanos Cancer Institute.
Next year, I will be changing some of my recommended charities, and if you have any you would like to see added to the list, please contact me or leave a comment.