Interactive Monday: Which charity would you choose?
Many personal finance teachers include a lesson/activity about "Giving Back" in their curriculum.
This brief quiz would fit well there. Students are asked to choose between two charities based on where they think a $100 donation would have greater impact. Here's an example:
After students choose charities for the ten scenarios presented, they can see how their results compare to others who have completed the quiz along these dimensions:
- Most and least supported characters
- Effectiveness of giving
- Preferences and the biases that we may exhibit
- Donating to self/relatives compared to others
Here are a few questions to get the discussion going:
- What did you learn about your giving preferences?
- What types of organizations are you most likely to give to?
- Do you think that the only criteria for giving should be "how many lives can I save?"
- Did you demonstrate any of the biases (identifiable victim, famous charity or location bias)?
Check out more interactive quizzes and games in our Interactive Library.
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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