Khoa-Nathan Ngo on The Differences Between Philanthropy and Charity

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KHOA-NATHAN NGO ON

CHARITY VERSUS

PHILANTHROPY CHARITIES ARE NON-PROFIT ORGANIZATIONS THAT COLLECT FUNDS FOR A SPECIFIC CAUSE. ON THE OTHER HAND, PHILANTHROPY IS AN ACT OF GENEROSITY OR AN EXAMPLE OF CHARITY IN ACTION WITHOUT RECEIVING PAYMENT BACK.

THE TERM "CHARITY" REFERS TO SOCIETIES FORMED BY PRIVATE CITIZENS WHO COLLECTED MONEY TO PROVIDE AID OR RELIEF FOR OTHERS. MEANWHILE, PHILANTHROPY HAS BEEN AROUND AS EARLY AS 600 BC. THE WORD PHILANTHROPY COMES FROM THE GREEK WORDS "PHILOS" (LOVE) AND "ANTHRŌPOS" (MANKIND).

Charity is a type of giving or donation to help those in need.

Philanthropy is the act of giving money, help, or other resources to the poor or those in need.

Charities rely on donations to provide services for people in need.

In this sense, it often has a lot in common with charity.

In recent years, there has been an increasing number of people using or supporting nonprofit organizations.

Philanthropy is an act of doing good, a virtue, or a disposition to do good. It is the opposite of selfishness or self-interest.

The modern definition today includes the idea of gift-giving, helping others, or volunteering to give back to society.

Today's philanthropists are often associated with billionaires such as Bill Gates and Warren Buffet, who have donated billions to charitable causes over their lifetime.

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