What Charitable Foundations Do

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What Charitable Foundations Do
What Charitable Foundations Do

Video: What Charitable Foundations Do

Video: What Charitable Foundations Do
Video: An Overview of Private Charitable Foundations 2024, April
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To do good, intermediaries are not always needed. However, practice shows that helping those who need support can be much more effective if you act in an organized manner. Charitable foundations are widely used to provide financial assistance. They accumulate funds and then provide them to those in dire need of support.

What charitable foundations do
What charitable foundations do

Instructions

Step 1

The internet and print media are filled with requests for help. But right away it is quite difficult to figure out who really needs it, and who is simply abusing someone else's trust. In this case, it is almost impossible to check how the funds that you risk giving to a stranger will be spent. In order not to make a mistake, people who have made helping others the goal of their lives create charitable foundations.

Step 2

Charitable foundations do not just accumulate and distribute funds. Their employees do a lot of analytical work to identify those who may urgently need financial support. In their field, they are professionals who know exactly what their wards need. Charitable foundations not only directly allocate finances, they provide intermediary services, carry out targeted campaigns to raise funds for treatment, and also organize consultations with specialists of various profiles.

Step 3

Where do charitable foundations get their money? They combine voluntary donations from citizens and organizations in one place. Thousands of financial streams merge into a single stream, which is controlled by the employees of the charitable organization. The basis of charitable activities is not large sums provided by wealthy people or large business structures, but modest contributions from ordinary caring citizens. Every donation is important to the foundation, no matter how small in size.

Step 4

From an organizational point of view, a charitable foundation is a legal entity with independence in choosing the forms of its activities. Given the high social importance of such organizations, the state provides such funds with a number of advantages, including tax incentives. At the same time, the regulatory authorities regularly check whether the work of the funds corresponds to the stated goals, whether it is being conducted to cover up illegal commercial activities.

Step 5

One of the advantages of any charitable foundation is the complete transparency of the activities of this non-profit organization. The Foundation publishes without fail reports on its work and its results. He can return the donation if the person who provided the funds for some reason changed his mind. The work of the charitable foundation is controlled by the state and public structures. The main capital of the fund is its business reputation, which it confirms every day with its good deeds.

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