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Earthquake Donation

Finally, I have made my donation to Red Cross Canada for the China earthquake. I have been waiting for the company to setup the 1:1 matching program with Red Cross before I donate my money. There is no need to donate money in a hurry, victims probably won’t use all the donation until rebuilding begins, which is still a few weeks away. Now, I have made my donation and I can get check off this to-do list item. After I have made my donation, I am entitled to criticize how the China government spend the donation. It is my money after all. I have the right to see it well spent to help the victims. Definitely not on buying some over priced supplies.

Since the earthquake, I see lots of groups ask for donation in shopping mall or street corners. Most of them are just holding a box and ask people passing to donate some money. I can never understand why would anyone want to donate cash. It is the most inefficient way of making a donation. You don’t get a tax receipt for your donation, so the donation post-tax money, which is a lot more expensive that it should cost. You don’t get any 1:1 matching from corporate sponsors. I think for anyone who want to donate money, they should donate through their friends who associates with any 1:1 matching program. As a responsible donor, you got to make sure every dollar your donate will brings the most benefit to the victims.

On a second thought, why do we need to donate at all? Here are two simple facts. The cost to rebuild the earthquake area is estimated to be around $70 billion. The Chinese government has over $1 trillion reserve in its bank. Why don’t the Chinese government spent their own money to help their own people first before asking for our donation? At least the Chinese government should have a 1:1 matching program. They should take a dollar out of the huge money reserve for every dollar we donate.

4 comments to Earthquake Donation

  • you’re so right about 1:1
    i read in the paper the other day
    a guy donated $100 in a bank
    was charged $55 processing fee
    YAU MOE GAU CHOR~~

  • Michael

    I am not an economist, but I believe if the Chinese government cash out $70 billion, it’ll crash the stock market around the world.

    You and I have the luxury of company matching, and access to the internet to donate online. Most people don’t. And I am sure many people don’t really care about the tax receipt when they decide to help by donating money. The tax credit isn’t a whole lot. Donating cash in the mall is the simplest method.

  • With Canadian’s margin tax rate being so high, the tax credit worth quite some money.

  • trishama

    有心就去捐啦!
    不用太擔心~

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