Tuesday, September 15, 2009

What is a charity?





What is a charity? How do I know which charity is reputable? Which charity will work best for me? How will donating to a charity affect my company? These are questions that should be answered before deciding what charity to donate to.

The definition of charity is 1) In general the sentiment of benevolence, doing good works, assisting the less fortunate, philantropy, and contributing to the general public. 2) An organization which exists to help to help those in need or provide educational, scientific, religious and artistic assistance to members of the public. Charities are usually corporations established under state guidelines and require IRS approval in order for contributions to them to be deductible from gross income by donors. Reference "Charity Legal Definition." The Free Dictionary . Farlex , Web. 15 Sep 2009. .

Donating to a charity could be beneficial to both your company and the charity involved. How can giving away money be beneficial to your company? Some of the benefits would include tax breaks, company recognition, and of course that "good deed" feeling. This site will help you explore your options as a company and possibly help you find the right charity for you. Are you curious how Sinclair Community College is donating to the community? Click HERE to see what the employees of Sinclair are doing to help the student body.

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