There are distinguishing characteristics between charity (which tends to focus on the relief of a particular social problem) and philanthropy (which tends to address the root cause of the problem), and although there is a recognised degree of overlap in practice between the two, ultimately they both contain the act of "giving" for the betterment of society and humanity. This act is important for many wealthy families who look to structure that "giving" to causes with which they identify.
First published in Jersey First for Finance, August 2019
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