Philanthropy means “doing good”. It is an attitude of doing good in the world. What exactly is philanthropy? Philanthropy is basically when one is doing good in the world, even if they do it in a selfish manner. For example, donating money to charity, feeding the hungry, and giving medical help to the poor.
There are many different types of people that consider themselves to be philanthropists. Bill Gates is a true philanthropist, as he has created the Microsoft company by donating most of his first investment into it. Melinda Gates is another great philanthropist as she has given away most of her large family estate to various charities, including the Lance Armstrong Foundation.
There are two main types of philanthropy. Private philanthropy is done by individual donors. Most often these are wealthy families or wealthy businesses. However, there are also many other groups and individuals who donate to public charity foundations. These types of philanthropy are often referred to as public charity foundations, and their primary focus is on providing resources and services to help communities or other nonprofits.
There are many ways that people can engage in philanthropy. Two of the most common ways to engage in philanthropy are voluntary giving and business giving. Voluntary giving is when a person gives money to a charity in return for some sort of benefit. For example, if you were choosing a charity to donate to you could choose one that deals with the environment. This is known as environmental philanthropy.
Business giving is when you voluntarily give money to a business you either work for or own. This is considered business philanthropy because you are receiving a service for free. Some forms of charitable giving include medical philanthropy, religious philanthropy, national charities, and even local philanthropy. What is charity? Charity is helping people or animals in need through the means established by the charity. The most common forms of charity are churches, schools, hospitals, and organizations such as the Red Cross.
One important part of Philanthropy is identifying those areas where it is most needed. It is this identification that makes philanthropy more powerful and more meaningful. In the past, philanthropy was almost exclusively done by wealthy families. But in the twenty-first century, more middle-class families are beginning to give money to charities and charitable organizations. As time goes by, philanthropy will become more common, and it will serve a very real and useful purpose.