Definition of Charity
OXFAM International, UNICEF and OXFAM International are two of the most well-known global charities. These charities are possible to have been support by donations made in your lifetime, Shlomo Rechnitz.
Did you know that there are over 500,000 charities register in the United Kingdom according to CharityFacts.com? This number can be apply globally to estimate at least 5,000,000 charities worldwide, with 2 million registered. It is a staggering number.
What is charity?
Definition: A charity refers to a specific type of volunteer organization that has a distinct legal form and a special tax status. It is register as a charity and exempt from some taxes. It is allow to solicit donations for the betterment of its clients.
The definition of registered charities is only applicable to me. This definition seems inadequate, especially when you consider that there are almost twice as many charities not registered.
This applies to charities in third world countries. Is it true that you think they are register, or care about the politics involved with collecting donations?
A charity is any person or group that actively collects donations to support a cause.
One example is a high school dancing club that raises money for a trip abroad to compete in a championship. Many members cannot afford it. Do they not perform the functions of a charity?
A charity offers a “helping-hand” service to clients.
A charity raises funds in order to better serve clients.
Charity raises awareness about its causes.
These elements would then be considered charity, according to Shlomo Rechnitz
The only difference between a registered charity and a non-register charity, is that donors to registered charities may receive income tax deductions receipts. This is because people are more likely give money if they get something in return.
Donations don’t always require receipts. It is unlikely that you will receive a receipt for change you place in your car. It should not discourage you from donating.
There is too much uncertainty when it comes charities. Maybe we should create more precise definitions. Shlomo Rychnitz.
