{"id":5872,"date":"2022-11-14T05:32:06","date_gmt":"2022-11-14T05:32:06","guid":{"rendered":"https:\/\/www.narayanseva.org\/?p=5872"},"modified":"2022-11-14T05:32:06","modified_gmt":"2022-11-14T05:32:06","slug":"difference-between-a-charity-and-a-charitable-trust","status":"publish","type":"post","link":"https:\/\/www.narayanseva.org\/mr\/difference-between-a-charity-and-a-charitable-trust\/","title":{"rendered":"What is the difference between a charity and a charitable trust?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Where there is charity and wisdom, there is neither fear nor ignorance. <\/span><span style=\"font-weight: 400\">Giving is one of the essential meanings of charity. A Charitable trust is organized to pool funds for charity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Differences:<\/span><\/p>\n<p><strong>\u00a01. Charity<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\"><a href=\"https:\/\/www.narayanseva.org\/\">Charity<\/a> is the sum of money or in kind donated by a particular person.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The monetary or resource contribution to the charitable trust that provides services or benefits to the poor is known as charity.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">There are different ways of doing charity. A person may choose to help out a needy by extending monetary help or by providing food or clothing.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">People can choose to donate through various charity donation websites. <\/span><span style=\"font-weight: 400\">GoFundme, Golden Giving, <\/span><span style=\"font-weight: 400\">Narayan Seva Sansthan <\/span><span style=\"font-weight: 400\">and Givey are some of the top <a href=\"https:\/\/www.narayanseva.org\/donate\/\">charity donation websites in India<\/a><\/span><span style=\"font-weight: 400\">.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Donations made to notified charitable trusts are also eligible for <\/span><span style=\"font-weight: 400\">deduction under sec 80g<\/span><span style=\"font-weight: 400\"> of the Income Tax law. The basic conditions for availing of such a deduction are that the amount should be paid as a sum of money (in-kind donations are not exempted) and the donations should be made to a specific fund or institution. The exact amount of deduction can be calculated according to the <a href=\"https:\/\/www.narayanseva.org\/donate\/tax-exemption\/\">Income Tax provisions<\/a> and also depends upon the type of trust the donation is made to.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><strong>\u00a02. <\/strong><\/span><strong>Charitable Trust<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A <a href=\"https:\/\/www.narayanseva.org\/\">charitable trust<\/a> is an approved\/registered organization that is set up to support the needy section of society (eg, homelessness, mental health, medical conditions, etc.)\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Charitable organizations or trusts often depend mostly on donations from businesses. Such donations to <\/span><span style=\"font-weight: 400\">charity organizations<\/span><span style=\"font-weight: 400\"> comprise a major part of the Company&#8217;s Corporate Social Responsibility.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Under <\/span><span style=\"font-weight: 400\">In<\/span><span style=\"font-weight: 400\">d<\/span><span style=\"font-weight: 400\">ian<\/span><span style=\"font-weight: 400\"> law, legal entities and these charitable organizations are given the status of the &#8220;<\/span><span style=\"font-weight: 400\">legal person<\/span><span style=\"font-weight: 400\">&#8221; with legal rights, such as to sue and be sued, and to own and transfer property. <\/span><span style=\"font-weight: 400\">Depending on the nature of the entity and the state in which the organization is being set up, charitable organizations can be set up under various laws.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Several <\/span><span style=\"font-weight: 400\">charity foundations<\/span><span style=\"font-weight: 400\"> received legal recognition through the enactment of various legislation such as the Societies Registration Act,1860, and the Indian Trusts Act, 1882 (Trusts Act). These laws extend the protection of law to the income and property of Charitable organizations and their officers. It is through these enactments that these charitable organizations gained public recognition.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Following is<\/span><span style=\"font-weight: 400\"> the list of Charity Organizations in India <\/span><span style=\"font-weight: 400\">&#8211;<\/span><span style=\"font-weight: 400\"> Narayan Seva Sans than, <\/span><span style=\"font-weight: 400\">Smile Foundation, Care International, GiveIndia, Goonj, Save the Children, HelpAge India, Child Rights &amp; You, Pratham, Project Hope, Health and <a href=\"https:\/\/www.narayanseva.org\/causes\/enrich\/narayan-children-academy\/\">Education<\/a> for all, etc.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Almost all of these organizations play a significant role in supplementing government programs for national welfare and development.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Considering their contribution towards ensuring equitable distribution of resources and upliftment of the vulnerable groups, the Indian Government provides various tax concessions to both the organization and the individuals donating to them.<\/span><\/li>\n<\/ul>\n<p><strong>Read More:<\/strong> <a href=\"https:\/\/www.narayanseva.org\/how-does-the-cycle-of-poverty-keep-people-poor\/\">How Does the Cycle Of Poverty Keep People Poor<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Where there is charity and wisdom, there is neither fear nor ignorance. Giving is one of the essential meanings of charity. A Charitable trust is organized to pool funds for charity.\u00a0<\/p>\n","protected":false},"author":12,"featured_media":5894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"tags":[],"class_list":["post-5872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","post-categories-blog","post-categories-english"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is the difference between a charity and a charitable trust?<\/title>\n<meta name=\"description\" content=\"Did you know the difference between charity and charitable trust? If not, read this blog to understand the difference between the two. 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