It is Christmas. Merry Christmas. Santa Claus maybe the most famous charity individual with a long long history. Though Santa Claus does not really exist in our real life, I still want to talk about if it is possible to run a charity organisation for so many decades, like Santa Claus. There are some charity organisations that have lasted so many years, for example, many Ivy League universities, these are known as not-for-profit organisations. These universities were founded by individuals and have independently operated for many years. These universities can generate profits and use the profits earned for future operations, and their profits are generated from their core businesses.
However, if the charity organisations want to become more generous in their core charity businesses. They have to develop their profitable businesses in other fields or they need to organise continuous and unstopped fund raising events and ensure they can always raise sufficient fund from these events. Fund raising events are unsustainable to run charity organisations. Entering other fields may distract the charity organisations's efforts and attentions, and sometimes they may even be criticised when they have some "too businessman" behaviour in other fields and their reputations could be hurt when they enter other fields for profits and the charity organisations' reputations are extremely important to them and their future operation.
Therefore, the charity organisations should and have to focus on their charity careers without distracting themselves to other fields. However, to be sustainable, it has to be self-funded and there are very limited ways to achieve this goal. They could ask fund managers to look after their funds and use the annual returns to fund their charity activities or become profitable during their charity activities; however, profiting from charity activities may turn the charities to be like other ordinary firms and businesses eventually.
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