What are some economic reasons and incentives that promote c

What are some economic reasons and incentives that promote charitable giving? Provide an example of charitable giving and the motives behind it.

Solution

Charitable givings or donations are nothing but the primary sources of funding that are given by either individuals or organisation to non profit organisations on the whole. One of the main economic reasons that promote charitable givings are the tax exemptions to the people which can promote more givings all in all. Apart from that, the incentive is that the fame of the company will get to increase to a higher node which is something quite beneficial to the company in increasing its sales. An example for charitable giving is real estate or land where you\'ve excess of property and the motive behind it is to help the trusts as well as save your self from heavy tax burden