Commercial Applications
Discuss the nature and types of charitable organisations.
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Answer
Charitable organisations are non-profit bodies formed to serve the poor, needy, and disadvantaged. Their main aim is service, not profit. They raise funds through donations, grants, membership fees, charity events, and voluntary contributions. Any surplus is used for charitable activities and not distributed among members. They are often managed by trusts or committees and may receive tax exemptions.
The main types include religious, educational, medical, disaster relief, orphan care, old-age care, women and child welfare organisations, and blood or eye donation groups. They support social welfare by providing education, healthcare, shelter, relief, and other essential services.
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