Philanthropy and Charity Personal Finance With Mr. Tumino

Charitable Giving Through History In this lesson we will be exploring how charities have supported people through difficult times.

The word Charity comes from the Latin word Caritas meaning ‘loving kindness through giving’.

In Ancient Greece beggars were accepted as an inevitable nuisance. As part of their dress they wore ‘scrips’ (wallets) in which they carried away the food they received. Because of its shape, this Ancient Greek drinking vessel could not be set down until it had been drained of its contents.

Charities in The U.S Benjamin Franklin founded the first volunteer firehouse. Most early volunteers found their assignments through their church or another private sector.

YMCA Founded 1844 George Williams

American Red Cross Founded May 21, 1881 Clara Burton

The United Way Founded 1887 –Rev. Myron W. Reed, –Msgr. William J.O’Ryan –Dean H. Martyn Hart –Rabbi William S. Friedman

20 th Century Volunteers begin to find assignments through organizations. Rotary Club Established 1910 Lion’s Club Established 1917

Where Charities Have Focused 20 th Century –1930s – Environmentalism –1960s – Poverty, Inequality, Violence 21 st Century –Green Living –Animal welfare –Natural Disaster Relief

At the end of 2010 there were 1,014,816 charities registered in the United States. Millions of dollars are raised each year.

The money is raised through: oFundraising oDonations Some charities also receive grants from the government.

TV reports and events like ‘Live Aid’ have made people aware of international causes, which together receive more money than any other category of charity.

Good Deeds Give You Super Powers Harvard Study Study claims people feel stronger and have greater willpower after donating something How you behave affects how you see yourself, which then influences your subsequent behavior.