Charity in the modern world is a complex and multifaceted social phenomenon that has a great impact on the development of the social sphere of society. The charity has passed a long way of formation and development, and became the basis for the formation of such professional activities as "social work". We can see that today charity is growing rapidly and is actively developing. This is primarily due to the social and economic changes in society, which contributed to the formation of market relations, which allowed private business to develop, which is now actively engaged in charitable activities. On the other hand, as a result of the disintegration of the common social, economic and geopolitical space in the society there appeared tendencies that were not characteristic of it before: decrease in the living standards, unemployment, professional poverty, drop in the birth rate, collapse of the institution of family and marriage, etc. Philanthropy is necessary to reduce social tensions