What is Philanthropy

Are you pained by the suffering of fellow human beings around you? This goes to show that you have a
kind heart. Wondering what you could do for these people? Philanthropy is the
answer. It is the act of giving or donating for a noble cause. It will not only
ease the suffering of a few individuals but will also give you immense pleasure
of having done something for the cause of the society. It gives you the peace
of mind that all your wealth has ever guaranteed you.

 

The term philanthropy is more closely related to a concept than an actual verbatim

definition. The term came to us courtesy of the Greeks and meant “love for

mankind.” This concept is about voluntarily giving, either by a group or

an individual that will help support and promote some united common good. This

may also include monetary grants and contributions given by foundations,

individuals and often corporations, to not-for-profit organizations that work

towards a common cause to improve the quality of life for those in need.

 

As shown in history as a chronicle of philanthropy, it is not a new concept.

Surprisingly, it was around in the ancient cultures of Greece, Rome, and the

Middle East. As a matter of fact, contributions were made to Plato’s Academy

and the Christian church in medieval times; they set up trusts to be used with

benevolence. Beginning in the late nineteenth century, private foundations

donated gifts totaling billions in support of education, the arts, medical

research and many other causes.

Some people ask what is the best way to do good or show how thankful they are and

others will just automatically write out a check for some nonprofit

organization and call it philanthropy. Naturally, monetary donations are great,

but one woman has reminded us that there are other ways, every bit as

important. She tells a story of seeing a young boy digging in a dumpster for

food.

She took him inside, made him a peanut butter and jelly sandwich and sent him home.

A short while later several more kids showed up at her door, and everyone got a

sandwich. Fortunately, her local community noticed and began to pitch in as

well; showing that it only takes one person to make a real difference.

You may be surprised to learn that lower and middle-income donors are much more

likely to make charitable donations to charities that benefit the poor than are

upper-income households. One study examined giving trends among different

income groups.

There have been numerous studies done that break down the figures of donating through

philanthropy. Studies showed that 8% of the total giving was donated to

charities that meet basic needs, such as food and shelter. Roughly 38% of all

giving was done by people with incomes less than $70,000 and 23% went to the

poor via none profit organizations and 31% of all donations went directly to

serving the needs of the poor.

The whole idea of philanthropy is to be utterly altruistic about your deeds. You should not be
expecting to receive anything in turn. You may receive praise for your actions
and some degree of infamy, but that should not be the inducement for your
giving. The most charitable acts are those that are given without any thought
for oneself.

 

 

Thank you to this gutter repair charlotte nc for supporting this post!