Definition

1. Noun:
   • The practice of promoting the welfare of others, typically through the donation of money, resources, or time to good causes: Philanthropy is the voluntary effort to increase the well-being of humankind, especially through charitable aid or donations.
   • A philanthropic act, institution, or organization: Philanthropy can also refer to a specific charitable gift or the institutions created by such giving.

Examples of Usage

• Noun:
  • His philanthropy has funded new hospitals and libraries across the country.
  • Corporate philanthropy is an important part of the company's social responsibility program.
  • She is known for her quiet philanthropy, supporting education for underprivileged children.

Advanced Usage

• "Strategic philanthropy": Charitable giving that is carefully planned to achieve specific, long-term social goals, often involving more than just financial donations.

  • The foundation practices strategic philanthropy by investing in research and advocacy alongside direct aid.

• "Venture philanthropy": Applying venture capital principles, such as long-term investment and hands-on support, to charitable projects.

  • Their approach to venture philanthropy includes providing management expertise to the non-profits they fund.

Variants and Related Words

• Philanthropist (n): A person who seeks to promote the welfare of others, especially by the generous donation of money to good causes.

  • Andrew Carnegie was a famous philanthropist who built many public libraries.

• Philanthropic (adj): Of, relating to, or characterized by philanthropy; benevolent.

  • Their philanthropic efforts have made a significant impact on the community.

Synonyms

• Charity: The voluntary giving of help, typically money, to those in need.
• Benevolence: The quality of being well-meaning; kindness.
• Humanitarianism: The promotion of human welfare and social reform.

Related Phrases

• "Acts of philanthropy": Specific deeds or donations made for charitable purposes.

  • The billionaire's acts of philanthropy are often anonymous.

• "Culture of philanthropy": An environment or attitude within an organization or society that encourages and values charitable giving.

  • The university fosters a strong culture of philanthropy among its alumni.

Related Idioms

• "To give back": To help others as a way of showing gratitude for one's own success (this concept is closely associated with the spirit of philanthropy).
  • After becoming successful, he felt a strong desire to give back to his hometown through philanthropy.

Noun

1. voluntary promotion of human welfare