philanthropy

/fi'lænθrəpi/
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philanthropy

A local business owner practices philanthropy by donating books to a children's library.

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.
philanthropy

A local business owner practices philanthropy by donating books to a children's library.

Noun
  1. voluntary promotion of human welfare

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