Charity is the provision of charitable assistance to the needy to solve a number of social problems and improve living conditions. In modern society charity implies sponsorship, patronage, social investment and voluntary donations.
Earlier only the church was engaged in this type of activity, later famous people, philanthropists and businessmen joined the process.
Types of charity
- Private charity. It is the most common form. It implies voluntary donation of things and means, medicines and other resources for the needs of people or individuals.
- Corporate charity. It is characterized by support of the needy or social projects. The sphere of commercial charity includes the activities of foundations.
- Philanthropy. This activity is aimed at improving and preserving the living conditions of all species on Earth – the approval of scientific grants, improving the environment, developing drugs, helping animals and so on.
- Philanthropy. This charity is aimed at supporting art, culture and science. It is not about helping a specific person, but supporting the role and legacy that this person will leave behind.
- Social responsibility. It implies a voluntary mission of the company that goes beyond the legal minimum. It is aimed at the successful development of society and includes the responsibility of a business partner, employer, citizen, participant in social relations. That is, the key word of this charity is “responsibility”. For example, it is responsible for the development of schools where children study, for the protection of the environment that we pollute, for the protection of employees who have been injured at work, and so on.
- Sponsorship. It is only partially related to charity. The fact is that charity is free assistance, and sponsorship holds such events to promote yourself as a person or your brand.