About Philanthropy

The dictionary defines philanthropy as:
1. The effort or inclination to increase the well-being of humankind, as by charitable aid or donations.
2. Love of humankind in general.
3. Something, such as an activity or institution, intended to promote human welfare.

The word comes from the Greek, meaning “love for mankind.” Modern definitions include the concept of voluntary giving by an individual or group to promote the common good and improve quality of life for individuals and communities. In the United States the term is also used to describe the granting of money to nonprofit organizations by foundations and corporations.