Every aspect of society is humane and working toward the betterment of other people. That is why so many people who become wealthy and successful do not forget to give back to needy communities. Charity and philanthropy are similar concepts of goodness that are often interchanged. It’s essential to know the differences between the two practices before deciding to give back to the community.
Charity vs. Philanthropy
It’s easy to mix up the definitions of charity and philanthropy. Charity is given more temporarily than philanthropy that is provided on a longer-term. Charity is the donation of money, gifts, or material items to help people in need. Philanthropy is the broader range of giving that includes setting up organizations, providing annual donations, promoting fundraisers, etc. Philanthropists work privately and often use their own money to encourage individual causes.
In addition, charity works to address a specific problem, such as drug addiction or homelessness. Philanthropy is designed to resolve the underlying cause of that problem, such as drug rehabilitation, temporary housing, and scholarships to support educational programs.
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