It is already common for almost everyone in this world to know about non-profit organization and philanthropy. Both have similarities and differences that you need to know. Of course, both serve purpose for good. However, the way both work are slightly different. Non-profit organizations and well as philanthropy are both important to improve the quality of life. Believe it or not, both have great contribution especially in positive economic impact of local communities. Every non-profit organization and philanthropy works with strategy to provide service at http://128.199.145.222 as well as programs that will benefits many people in need.
Non-profit organization
Non-profit organization or NPO also has other names such as nonprofit institution, non-business entity, etc. it is dedicated to contribute positive things to community through charity, etc. Thus, it is also dedicated to advocate for a shared point of view within particular social. It has also another meaning in economic term. This is an organization that has ultimate objective and they use their own surplus of the revenue to fund their attempt. They don’t distribute their income to the shareholders, board member, or leaders. It is also important to remember that non-profit organizations are exempted from tax income. Thus, they don’t pay tax for the money they receive from their organization in this matter.
Basically, non-profit organization can operate in various settings, be it research, scientific, religious, educational, and many more. NPO also receive donation from people who want to invest their money, time and faith. NPO is important in life especially because they hold the faith of people. Good NPOs are honest, trustworthy, accountable, and open. Those who are usually involved in one NPO include funders, donors, volunteers, public community, as well as program recipients. Every NPO has their own way to raise money. However, it mostly depends on the public confidence as well. To gain more public confidence, the organization should focus on their objective and mission. As the result, the money can be raised.
Just like their name, NPOs are driven by income, not profit. By making enough income, they will be able to pursue their social duties. There is no one ultimate way of how NPOs raise their money. It also depends on what their objective, mission, and particular society they are involved into. Income the NPO gained are from donations, sponsorship, funding from government, investment, as well as merchandise, program, and service sales.
Philanthropy
Philanthropy and charity are often use interchangeably. However, both are different. Philanthropy involves charitable giving on large scale to human causes. However, it is more than a one charitable giving. It involves actions and efforts. Philanthropy can be undertaken by individual or organization. The purpose is to improve human welfare. Philanthropic efforts can be done by individuals who are wealthy enough to fund long-term charitable programs. There are various examples of philanthropic efforts such as what philanthropist Andre Carnege did. He used his wealth to build 2,800 libraries, not in one place but all over the world. He also endowed other philanthropic efforts even after his death in 1919.
Unlike NPOs which always consist of members and funders, philanthropy can be undertaken by individual. An individual can build a foundation to run philanthropic efforts through long-term services or programs. Philanthropy and charity is different. Charity is more like giving while philanthropy is more like doing. Remember that charity tends to address immediate needs. Meanwhile, philanthropy address social issue in the long run for long term purpose. Philanthropy is done using strategy in hope to solve the real problems instead of temporary relief. Of course, non-profit organization, philanthropy and charity are all important for quality life. They are great contribution for a better life.
Learn More About Philanthropy
Philanthropy is something you often heard but sometimes used interchangeably with other similar terms such as charity or non-profit organization. They have similarities and differences. The similarity of them is contribution. Yes, they contribute in improving the quality of life in particular social. However, they work differently. Charity and non-profit organization give and or contribute. Meanwhile, philanthropy involves action in their work.
The purpose of philanthropy
People who take philanthropic effort are called philanthropists. They work with purpose to end social problems instead of giving temporary relief or lessen the suffering. Philanthropy itself can be understood as long-term strategic investment as well as intervention. Every act involves is dedicated to create a long-lasting and successful change. Philanthropy can be undertaken individually or organizationally. There are many philanthropist in the world who have contributed in improving the life of others through strategic investment and actions.
If it is seen from the purpose, the difference between philanthropy and charity is clear. Charity is immediate donation to lessen the suffering caused by problems happened in society. Meanwhile, philanthropy is a long-term dedication through actions, programs, or services in the long run. As the result, it create a solution instead of temporary relief because it works in order to solve the real social problems. Charity is also often driven by personal connection or emotional affection. Meanwhile, philanthropy doesn’t always involve those factors.
The impact of philanthropy
Philanthropy is more than giving. It is doing, which means its impact is more long-lasting than a single charity. It works strategically to solve the real problems. For example, a charity aims to lessen a suffering of economic problems within certain society. Meanwhile, philanthropy works to end the problems in the long run using some programs or services. Both charity and philanthropy has great impact to the society. However, philanthropy aims for greater and longer impact. Another example is that, you donate some books. Meanwhile, philanthropists contribute in building a library so that it can raise awareness of literacy in larger communities.
However, it is also important to remember that you don’t have to wait until you are wealthy to help improving quality life. Yes, philanthropists do some big things to solve economic or social problems and contribute a lot to make long-lasting and successful changes. However, you can also contribute through things you can afford even if it is just simple thing. What really matters is the contribution because no matter how small it is, it is a progress.