Module 3 Lesson 2 Key Terms

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Altruism

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When we do something to help promote someone else’s well-being, even when it costs us something

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Philanthropy

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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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Charities

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Organizations that help raise money for those in need

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Public Charity

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Charities that generally receive a greater portion of their financial support from the general public or government, and have greater interaction with the public

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Donation

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Something, such as goods or a sum of money, is given to charity

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Crowdfunding

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The idea of raising funds for a project or cause through a large group of people online

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Community Service

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Voluntary work intended to help people in a particular area

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501(c)(3) Organization

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An organization classified as either a private foundation or a public charity for tax purposes

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Non-Profit Organization

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The organization’s goal is to not generate income, but to serve a cause

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Private Foundations

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Service organizations typically controlled by members of a family or by a small group of individuals that receive much of their financial support from fewer sources