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LSDefine

Simple English definitions for legal terms

charity

Read a random definition: litispendence

A quick definition of charity:

A charity is a group that helps people or animals who need it. They might give food, clothes, or a place to stay to people who don't have them. Some charities work to protect animals or the environment. Others help with things like health, education, or art. Charities can be religious or not, but they don't have to pay taxes because they are trying to do good things for others.

A more thorough explanation:

A charity is a type of organization that helps people or animals in need. They do this by raising money or providing services like food, clothing, or shelter to underprivileged communities. Charities can also focus on other issues like the environment, public health, education, community development, or the arts.

For example, a charity might raise money to provide clean water to people in a developing country. Another charity might run a shelter for homeless animals. Yet another charity might provide after-school programs for kids in low-income neighborhoods.

Charities can be religious or secular, meaning they may or may not have a connection to a particular religion. However, all charities in the United States are tax-exempt, which means they don't have to pay taxes on the money they raise or the services they provide.

charitable trusts purposes | chart of accounts

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