Philanthropy and charity is often mistaken as the same thing. However, both are different. They might be misunderstood because they basically have one big similar purpose, which is to support others. However, the method each uses to support or how each funds their causes is different. Thus, both are distinguishable.
Philanthropy is more like strategic investments or long-term intervention. It can be considered as a tool to create long-lasting and successful changes in the lives of communities and or individuals. Sometimes, people also relates philanthropy to a social act or grants given by the wealthy. Lots of people http://126.96.36.199/ are mistaken philanthropy as the territorials for the wealthy only. In reality, it is not entirely true. Of course, there have been famous philanthropists around the world who have contributed in building thousands libraries, museums, hospital wings, schools, etc. However, there has been changes in philanthropic enterprises when they are now initiating to work together. They contribute individual micro-donations which add up to significant sums that can support bigger causes. The changes that philanthropic contributions try to make are in various settings. They can be educational, political, and social.
Charity is more like personal contributions for immediate effect but not for a long-term change. Charity is also usually driven by personal or emotional attachments. Charity is something you can do anytime without plan. You also don’t need strategic investment to deliver your donation. The amount of donation in charitable act is usually modest. It usually has time-specific goals. Charitable contributions can be in various forms. Most of them are in a form of money, services, and goods. Charity offers immediate and short-term solutions in response to situation that needs support. The settings of charitable contributions are limitless. It is not only limited to humanity causes but wider settings.
There is an old saying to make it easier to differentiate both terms. Charity is like when you give fish for people in need. Meanwhile, philanthropy is like when you teach them how to fish instead. The general purpose of both are similar, which is to free people in need from starvation. However, the specific objectives are different. Charity aims for immediate and temporary effect when philanthropy aims for more long-lasting changes by finding the solution for the problems. Both charity and philanthropy are needed to improve quality live of many people. You can choose to contribute anything you can to help others without waiting to become wealthy first.