This is a perfect example of why the 500 year old King James shouldn't be used anymore.

The word they use for "charity" is LOVE. Here it is in an accurate form people can actually understand:

(1 Corinthians 13:4-5 NIV) Love is patient, love is kind. It does not envy, it does not boast, it is not proud. {5} It is not rude, it is not self-seeking, it is not easily angered, it keeps no record of wrongs.