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Why are American rich people keen on establishing charitable funds?
The origin of American charity activities can be traced back to Christian churches in Europe. The idea of "universality" in Christian doctrine makes the church take it as its responsibility to help the poor and often hold charitable activities such as donations. It is worth noting that the charity culture in modern America is mainly based on the idea that the rich are only managers of social wealth. That is to say, in the legal sense, personal wealth belongs to private ownership, but in terms of morality and values, wealth beyond the basic needs of life should belong to society.

Generally speaking, Americans have a pragmatic and enterprising attitude towards life. On the one hand, they are willing to spend, but at the same time they seldom waste money. They have a universal sense of responsibility to society and regard charitable donation as an obligation, right and spiritual sustenance. It can be said that while making money, Americans repay the society through charitable donations. Not only the rich, but also ordinary people. (Comprehensive Xinhua News Agency, China Daily)