What is Philanthropy?

The word philanthropy means love of humanity which fits what a philanthropist is and what they do for other people. The practice of philanthropy means to be caring, nourishing and to develop what it means to be a human being. They in fact help by exercising what they value by giving and volunteering people who are benefiting from their giving. Philanthropy can be practiced modernly through businesses that help others through giving or by volunteering. There are also other parts of philanthropy and what a philanthropist officially is which is often confused by many people.

The Confusion Of Philanthropy

The most confused concept of what philanthropy is that it is basically a charity than any other aspect. Just because there is a charity for a certain group or people this does not in fact mean that this is an act of philanthropy. At the same time not all philanthropy is in fact charity which is often confused or mistaken for on another in these practices. The thought of a charity conflicts with philanthropy because a charity is known to help relieve pain or social problems. “Philanthropy is the act of helping to solve problems at their start rather than sprinkling money over it to relieve the pain momentarily” Jason Hope says. The most common way to decipher the difference is that a charity is giving a man a fish while philanthropy is teaching a man how to fish. This analogy can help for a person to tell the difference between each practice.

Famous Philanthropists

There are a number of famous philanthropists over time whom have donated and done thinks in order to help better humanity. Although most donated money, they also gave with creating charities or foundations in order to continue to help and better the specific groups. These below are a number of famous philanthropists whom have changed and bettered the lives of humanity:

  • Warren Buffet
  • Chuck Feeny
  • Azim Premji
  • Ted Turner
  • John D. Rockefeller
  • T. Boone Pickens
  • Walter Anneburg
  • Andrew Carnegie

The above are just a few names to state based on their popularity and how many millions they donated to help a special group of people or foundation. Philanthropy has been around for many years and has continued to grow over time.