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The term Philanthropy is more closely related to a concept than an actual word for word definition. The term came to us courtesy of the Greeks and means "Love for Humanity." This concept is about voluntarily giving, either by a group or an individual that will help support and promote some sort from a united common good.
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Philanthropy refers to charitable acts or other good works that help others or society as a whole. • Philanthropy can include donating money to a worthy cause, or volunteering time, effort, or other forms of altruism. • In modern times, philanthropy is often undertaken by those seeking tax breaks, in addition to feeling good and helping others. What is Philanthropy
The Word Philanthropy literally means “the love of humanity”
George Peabody (1795–1869) is the acknowledged father of modern philanthropy. A financier based in Baltimore and London, in the 1860s he began to endow libraries and museums in the United States, and also funded housing for poor people in London. His activities became the model for Andrew Carnegie and many others. HISTORY OF PHILANTHROPY