Meaning of Charity :-
Organizations created for the purpose of
philanthropic ( bighearted ) rather than
financial search .
A charity is a group designed to benefit society
or a specific group of people . Its purpose may be educational ,
humanitarian , health or religious . A charity goes beyond giving
relief to the needy , extending to the promotion of happiness , peace
and the support of many worthy causes .
law favors charities because they promote
goodwill , service , aid and lessen the government's load . They are
therefore ordinarily exempt from paying property taxes .
charitable gift is something that is donated by an individual or organization with the intent
to benefit the public or some section of it as a whole . It is meant
for use by an many number of people .
public trusts are trusts
of religious , political , or general social interests , or
for the relief of poverty or the advancement of education , health
Government have set
forth laws controlling the manner in which funds relating to charities
. In addition , the state will generally require charities to unveil
their financial structure and condition .
are non profit corporations that have been created to
minister to the physical needs of the needy or to advance a particular
goal , such as the aid of a particular religious group or country . In
order to receive a tax - exempt status , such organizations must meet
certain criteria .
capital and they obtain
primarily from private and public charity . These funds are held in
trust to serve the charitable objects of the institutions .
charitable societies . Religious
organization collect donation from the public and develop
religious culture among the public .
some of their services and
still be considered charitable societies , they are organized primarily
for the public good and not for profit .