North Van philanthropist urges Canadians to give 1% of income to charity
A piping-hot caramel macchiato with extra whip might sound great right now, but why not just order a coffee instead?
The extra change could help a young North Vancouver philanthropist raise money for charity.
She is encouraging Canadians to donate one per cent of their income each year.
A calculator on her website, oneyearonepercent.com, quickly shows what this donation will look like per month.
An annual income of $50,000, for example, would mean giving $41.67 to charity a month. That's less than $1.37 a day — or the difference in price between a specialty drink and a cup of coffee.
"A lot of people give $20 or $30 only when asked by friends," says Sarah Shandl, who launched the website in January.
She says while most people want to donate money, rarely do they sit down and budget out how much they will give for the year.
An account can be set up through the Charitable Impact Foundation (Chimp), a website that acts like a bank account for charity, where one per cent is automatically pulled from a credit card each month.
"You can pick any Canadian charity to give to," explains Shandl, who works in event management, adding Chimp makes donating easier because it produces a single tax report.