REGISTERED CHARITY Meaning and
Definition
-
A registered charity is a legal entity that has been officially recognized and approved by the government to operate as a non-profit organization, with the primary purpose of benefitting the public or a specific community. These charitable organizations exist to provide a wide range of services, support, or advocacy for causes or issues that may include education, poverty alleviation, healthcare improvement, environmental conservation, animal welfare, and more.
To be classified as a registered charity, an organization must adhere to specific legal requirements and regulations set by the governing body or charity commission in the respective country or jurisdiction. This typically includes maintaining a clear purpose or mission statement that outlines the objectives and goals of the charity. They must be non-profit, meaning that any funds or assets acquired are used solely to support the charity's activities and mission, rather than for personal or private gain.
Being registered signifies that the charity is recognized as a legitimate and trustworthy organization, with the ability to solicit and accept donations from the public, individuals, or institutions. It also grants specific legal and tax benefits to registered charities, such as tax-exempt status on donations received and eligibility for government grants or funding opportunities.
Overall, a registered charity plays a vital role in society by addressing social issues, driving positive change, and making a significant impact in the lives of individuals or communities in need.
Etymology of REGISTERED CHARITY
The word "registered charity" has its origins in Latin and Old French.
The term "register" comes from the Latin word "regesta", which means "list" or "roll". In medieval times, registers were used to record important information, such as births, deaths, and land holdings.
The word "charity" comes from the Old French word "charité", which in turn evolved from the Latin word "caritas". In ancient Rome, "caritas" referred to the Christian virtue of selfless love and benevolence towards others.
The combination of "registered" and "charity" creates the phrase "registered charity", which specifically refers to a charitable organization that has fulfilled the legal requirements for registration with a government agency. The organization is officially listed in a register, indicating its status as a recognized charitable entity.
