The Charity Essence of Crowdfunding

At the present stage of development of society, characterized by the adjustment of socially significant foundations of the state, the creation of new institutions of economic support for certain categories of citizens in order to realize their constitutional rights, a special demand of society for various types and forms of charitable activities is being formed. This paper analyzes the key aspects related to the nature of crowdfunding: the process of its development, domestic practice of its application, types of crowdfunding. The study also includes a description of the emerging trend in Russian charity in terms of modernizing society and ensuring its stability, which is expressed in a change in the functionality of the institutional agent of charitable activity and, as a consequence, a change in the value orientations of charity subjects. The purpose of the study is to determine the charitable nature of the crowdfunding institute by their local consideration. Attention is drawn to the problems that arise when separating crowdfunding and charity from other forms of investment and donations.