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. Increased transparency is a serious matter for many nonprofits, and how funds are obtained and used should be carefully documented. Technology, including social media, has also shaped how many individuals give to others. Andrew Carnegie is one of America's most famous philanthropists, noted for the large scale of his charitable contributions, which included building more than 2,500 libraries worldwide. In modern times, philanthropy is often undertaken by those seeking tax breaks, in addition to feeling good and helping others.
Glossary
Philanthropy
Definition
Philanthropy refers to charitable acts or other good works that help others or society as a whole, and can include donating money to a worthy cause or volunteering time, effort, or other forms of altruism.