ATAR Notes: Forum

VCE Stuff => VCE Business Studies => VCE Subjects + Help => VCE Business Management => Topic started by: PsychoT on February 16, 2014, 09:26:47 pm

Title: Charity and Foundation difference?
Post by: PsychoT on February 16, 2014, 09:26:47 pm

Much like the topic above, what are the main differences between an organization being defined as a Charity or as a Foundation?

Cheers.

Title: Re: Charity and Foundation difference?
Post by: mnafady2006 on February 16, 2014, 09:41:47 pm

Well,

Charities provide goods, services or finance to disadvantaged groups in society E.g. Salvation Army

Foundations on the other hand exist to further a particular cause and are usually involved in research, education or promotion in a particular cause. E.g. Heart foundation and Cancer research

Title: Re: Charity and Foundation difference?
Post by: PsychoT on February 16, 2014, 10:26:28 pm

Quote from: mnafady2006 on February 16, 2014, 09:41:47 pm

Well,

Charities provide goods, services or finance to disadvantaged groups in society E.g. Salvation Army

Foundations on the other hand exist to further a particular cause and are usually involved in research, education or promotion in a particular cause. E.g. Heart foundation and Cancer research

I really haven't been thinking straight today. I should really know this already, hopefully i'm all good tommorow for my SAC.

Cheers mate.