- AARP - http://blog.aarp.org -
How to Be a Charitable Cheapskate
Posted By Jeff Yeager On December 17, 2013 @ 11:27 am In Money Talk | Comments Disabled
It’s the kind of news story that makes national headlines every year or two: A person of seemingly modest means secretly amasses a small (or not so small) fortune while leading a frugal lifestyle, only to reveal that wealth  by giving it all away to charity.
The latest jaw-dropper came from 98-year-old Jack MacDonald of Washington state. He died in September and left a surprise fortune of $187.5 million to Seattle Children’s Research Institute, the University of Washington School of Law and the Salvation Army.
Not bad for a guy who lived in a modest one-bedroom apartment, rode the bus instead of owning a car, faithfully clipped coupons  and was known for wearing shirts that were more than a little threadbare. Following his death, his stepdaughter was quoted as saying, “He was quirky and eccentric in many ways, and always stayed true to himself by acting on his convictions to do the most good with his wealth.”
While the number of decimal points in MacDonald’s generous bequest is truly remarkable, what I’ve found is that charitable giving among frugal folks is more common than you might think.
In a 2009 survey I conducted of 320 proud, self-proclaimed “cheapskates” for my book  The Cheapskate Next Door: The Surprising Secrets of Americans Living Happily Below Their Means, I found that on an annual basis, these cheapskates gave more than twice as much to charity as the average American. I also found that nearly 40 percent of them planned to donate a majority of their estates to charity upon their death. As one of the survey respondents put it, “I believe in spending less on myself so that I have more – both more time and more treasure – to share with those who truly need it.”
You may be surprised by the generosity of many of us frugal folks, but you probably won’t be surprised to learn that we approach charitable giving in the same way we approach all money matters: We want to get the absolute best value for our money.
Here are some tips to get the most bang for your charitable buck:
Photo: www.evasvillage.org 
Also of Interest
See the AARP home page  for deals, savings tips, trivia and more
Article printed from AARP: http://blog.aarp.org
URL to article: http://blog.aarp.org/2013/12/17/how-to-be-a-charitable-cheapskate/
URLs in this post:
 reveal that wealth: http://blog.aarp.org/2013/11/27/the-secret-millionaire-twins/?intcmp=AE-BLIL-BL
 Image: http://blog.aarp.org/wp-content/uploads/2011/12/irs-charity-donations-charitable-giving-tax-deductions1.jpg
 clipped coupons: http://www.aarp.org/money/budgeting-saving/info-12-2009/coupon_clipping.html?intcmp=AE-BLIL-DOTORG
 “Show Us Your Modern Family” Photo Contest. Upload your photo for a chance to be photographed in AARP The Magazine.: http://blog.aarp.org/2013/12/20/instagram-family-photo-contest/?intcmp=AE-BL-IL-MODFAMSWPS
 See official rules.: http://www.aarp.org/home-family/friends-family/info-12-2013/modern-family-photo-contest-rules.html
 my book: http://www.aarp.org/money/budgeting-saving/info-05-2010/leap-to-cheap.html?intcmp=AE-BLIL-DOTORG
 CharityNavigator.org: http://charitynavigator.org/
 Guidestar.org: http://www.guidestar.org/
 volunteer some of your time : http://www.aarp.org/money/budgeting-saving/info-11-2009/volunteering_is_priceless_experience.html?intcmp=AE-BLIL-DOTORG
 other charities: http://www.aarp.org/money/budgeting-saving/info-10-2010/savings_challenge_give_your_stuff_to_a_good_cause.html?intcmp=AE-BLIL-DOTORG
 tax benefits: http://www.aarp.org/money/taxes/info-08-2010/irs-tips-for-charitable-donations.html
 >> Get discounts on financial products and services with your AARP Member Advantages.: http://www.aarpfinancial.com/content/aarpfinancial/home.html?intcmp=AE-BL-MON-DISC
 www.evasvillage.org: http://evasvillage.org/
 How Can I Tell if a Charity Is for Real?: http://www.aarp.org/money/taxes/info-08-2010/irs-tips-for-charitable-donations.html?intcmp=AE-ENDART1-BL-REL
 10 Great Small Cities for Retirement: http://www.aarp.org/home-garden/livable-communities/info-10-2011/Great-Charming-Small-Cities-for-Retirement.html?intcmp=AE-ENDART2-BL-BOS
 Please give to the Typhoon Haiyan relief fund to maximize donations for those in need.: http://www.aarp.org/disasterrelief?intcmp=AE-BL-QKTK-SOC-TYPHOON-RELIEF13
 Join AARP: https://appsec.aarp.org/MSS/join/application?keycode=U9ZTPH9&intcmp=AE-ENDART3-BL-MEM
 AARP home page: http://www.aarp.org/?intcmp=AE-ENDART3-BL-HP
 Image: http://games.aarp.org/?intcmp=AE-QKTK-BL-GAMES
Copyright © 2013 AARP. All rights reserved.