Private vs. Public Charity

There are two types of charities usually present in society. One is the private charity and the other, public charity. While the goal of the two types is the same, in that they are representing a certain cause, there are also differences to it.

Private charities are good and are typically made by individuals who are usually philanthropists with strange requests. In setting up these charities, the rules tend to be quite strict. They are also subject to tighter regulations as compared to a public charity.

Private charities are restricted in their movements. Not only that, but their requirements and reporting are also more stringent. If we would discuss them here, then you could say that private charities are quite difficult to handle.

Actually, the default type of charity is always the private charity, unless the organization files for a public charity. The advantages of running a public charity are definitely many.

One of the best advantages of a public charity is the exemption to tax. This means that not only is the charity exempted from tax, but also those who are donating to them. And this is the reason why there are many people who are willing to donate to public charities, for the tax deduction that they will get.

If you are looking for public charities, there are certainly a lot to go around. These charities could be your local church, a school, or a government organization. The most common type of public charity are those that are supported by the public through donations, especially since they have a cause that they represent.