E and PF Module 3 Study Guide

Front

What is philanthropy?

Back

Doing something to promote someone else’s well-being with the goal of increasing the well-being of the world and/or mankind.

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What is a charity?

Back

An organization that helps raise money for those in need.

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What is a financial plan?

Back

An ongoing process that will support your current needs and future needs.

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What is the biggest event that surrounds fraudulent collection of donations?

Back

Natural disasters.

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What are two key steps in becoming a philanthropist?

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Knowing what you care about and finding the right place to donate.

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What is the purpose of a charity?

Back

To raise funds and provide support for those in need.

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What does it mean to donate?

Back

To give money or resources to help others.

Front

What is the difference between a charity and a club?

Back

A charity focuses on helping those in need, while a club is typically a group of people with a common interest.

Front

Why is it important to have a financial plan?

Back

It helps you manage your finances and prepare for future needs.

Front

What is an example of philanthropy?

Back

Donating money to a local food bank.