We established an Endowment in honor of our son (who died at age 34) at his Alma Matter at a Christian University in East Texas to provide Scholarship assistance and monies to Students. We contribute annually and upon our passing a % of our Portfolio will go to the Endowment.
We also give monies to selected Charities on One Off basis - but as others have said, we're careful to select Organizations that we feel that most of the monies is actually going to use/support of Charity, e.g., Annual monies to our Cemetery, 501 PIR Newsletter for the 101st Airborne for ms gamboolgals father who was in it for the entire war and survived. There not but afew of them left....
We gift monies to Relatives and close friends as we feel led - but this is only when we feel moved to do so. Admittedly, this one opens up all kinds of potential for being took advantage of by Sob stories. We try to watch this and it is not a regular thing. The last thing we want to do is to enable/support a "lost cause".....
#1 Daughter and Grandbaby(s) are took care of in our Will and Trust. We also help out now so we can see the benefit and good the monies provides while we alive.
If we see someone, or perhaps a young family eating out, we will sometimes anonymously pay their bill if we feel led to do so. I'll tip the Bathroom attendants when we're at the Casino's and I'm playing the Pokersszzzzz.... those guys are always so appreciative. We also tip ahead of time when we go out to eat if the Waiter/Waitress is nice and friendly and we still tip at the end when the bill comes. We also like to tip the Bus Boys and others directly - and they always light right up with a big smile - ha. Or if a steak or meal is especially good, we'll send some Cash to the Cook.... fun stuff !
One thing living in Africa for near 20 year taught me is that tipping generously can be very helpful for you - besides helping out folks who really need the help and monies.
That said, I like tipping in Cash when we can. That's just me.
We also go out of our way to buy made in USA and to shop with local Vendors if possible, e.g., local Farmers Markets, fancy B&B's, etc.
It is good to be able to help out selected Folks and Organizations at this stage of life for ms gamboolgal and I. We was poor and "Living On Love" for a long time.... ha
gamboolman.....