THE CHARITY PRINCIPLE

THE CHARITY PRINCIPLE

The notion that the wealthier members of society should be chartable towards those less fortunate is very ancient. Members of royalty through the ages have been expected to provide for the poor, as have those who, from feudal times to

the present have vast holdings of property. Biblical passage invokes this most ancient principle, as to the sacred writing of other words religious. When Andrew Carnegie and other wealthy business leaders endowed public libraries, supported settlement houses for the poor, gave money to educational institutions, and contributed funds to many other community organizations.

This kind of private aid to the needy members of society was especially important in the early decades of this century. At that time, there was no social security system no Medicare for the elderly, no social security for the unemployed, no unlimited fund to support a broad range of community needs and no organized disaster relief system to handle the victims of storms and floods. For many of today’s business firms, corporate social responsibility means, participating in community affairs-making charitable contributions. But charity is not the only form of corporate social responsibility.

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