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Here are some virtues of giving charity from Quran and Hadith:
"Those who spend their wealth for increase in self-purification, and have in their minds no favor from anyone for which a reward is expected in return, but only the desire to seek for the Countenance of their Creator Most High; and soon will they attain (complete) satisfaction." (Qur’an, 92:18-21)
"Spend and do not calculate, (for) Allah would calculate in your case; and do not hoard, otherwise Allah would be withholding from you." (Sahih Muslim, Book 005, Number 2244)
“Those who (in charity) spend of their goods by night and by day, in secret and in public have their reward with their Rabb (only God and Sustainer). On them shall be no fear nor shall they grieve.” (Qur'an, 2:274)
"You who believe! Give away some of what We have provided for you before a Day arrives on which there is no trading, no close friendship and no intercession..." (Surat Al-Baqara, 254)
Mu'aadh bin Jabal (RA) related from the Prophet (SAW) “Sadaqah extinguishes sin as water extinguishes fire.” (Ahmad, Tirmidhi)