Philanthropy

AAA

DEFINITION of 'Philanthropy'

Charitable giving to human causes on a large scale. Philanthropy must be more than just a charitable donation; it is an effort undertaken by an individual or organization based on an altruistic desire to improve human welfare. Wealthy individuals sometimes establish foundations to facilitate their philanthropic efforts

INVESTOPEDIA EXPLAINS 'Philanthropy'

Billionaire Microsoft mogul Bill Gates, along with his wife, Melinda, established the Bill and Melinda Gates Foundation to support global development and global health programs. Another example is the Ford Foundation, established by the son of Ford Motor Company founder Henry Ford. The foundation focuses on strengthening democracy, improving economic opportunity and advancing education.

RELATED TERMS
  1. Corporate Sponsorship

    A form marketing in which a corporation pays for all of some ...
  2. Bill And Melinda Gates

    Two out of the three co-chairs of the Bill and Melinda Gates ...
  3. Nonprofit Organization

    A business entity that is granted tax-exempt status by the Internal ...
  4. Private Foundation

    A charitable organization that, while serving a good cause, does ...
  5. Charitable Donation

    A gift made by an individual or an organization to a nonprofit ...
  6. Proof of Charitable Contributions ...

    Substantiation required by the Internal Revenue Service for a ...
Related Articles
  1. Celebrate the season of giving by sharing a little bit of your prosperity with the people, animals and causes that really need your support.
    Investing Basics

    The Christmas Saints Of Wall Street

    Learn how some of world's richest people spread holiday cheer year-round.
  2. Entrepreneurship

    The Giants Of Finance: Andrew Carnegie

    Though not as well-remembered as some of his contemporaries, Andrew Carnegie's legacy is strong and moralistic.
  3. Retirement

    Skipping-Out on Probate Costs

    Don't let bad estate planning lead to unnecessary costs and stress for your inheritors.
  4. Top fund-raising strategies for nonprofit organizations
    Taxes

    Top Fund-Raising Strategies For Nonprofits

    Top fund-raising strategies for nonprofit organizations
  5. Bill Gates is one of the world's richest men, valued at USD $80 billion. Though much of the fortune is in investments, some of it is in rare works of art, real estate and collectibles.
    Entrepreneurship

    Where Does Bill Gates Keep His Money?

    Bill Gates is one of the world's richest men, valued at USD $80 billion. Though much of the fortune is in investments, some of it is in rare works of art, real estate and collectibles.
  6. Did you know basketball and volleyball were invented by instructors at a charity?
    Taxes

    The Top Nonprofit Organizations

    Did you know basketball and volleyball were invented by instructors at a charity?
  7. Taxes

    Changes In Tax Legislation And Regulation

    Keeping on top of these amendments can help you avoid penalties and take advantage of benefits.
  8. Investing

    Can I donate stock to charity?

    Giving stock, instead of cash, as a donation can greatly benefit both parties. You will find that most charities, hospitals, schools and other nonprofit organizations will accept stock as a gift ...
  9. Entrepreneurship

    The 10 Greatest Entrepreneurs

    We'll look at ten entrepreneurs who not only succeeded, but built vast business empires.
  10. Entrepreneurship

    6 Millionaire Traits That You Can Adopt

    Millionaires think differently. Not just about money, about everything.

You May Also Like

Hot Definitions
  1. Deferred Revenue

    Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been ...
  2. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  3. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  4. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
  5. Special Administrative Region - SAR

    Unique geographical areas with a high degree of autonomy set up by the People's Republic of China. The Special Administrative ...
  6. Annual Percentage Rate - APR

    The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents ...
Trading Center