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Philanthropy |
Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson | 0.06 sec. |
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philanthropy, the spirit of active goodwill toward others as demonstrated in efforts to promote their welfare. The term is often used interchangeably with charity. Every year vast sums of money are collected for invaluable philanthropic purposes, and an increasing number of people participate in the work of collecting money through highly organized campaigns, the purpose of which is fund-raising fund-raising, large-scale soliciting of voluntary contributions, especially in the United States. Fund-raising is widely undertaken by charitable organizations, educational institutions, and political groups to acquire sufficient funds to support their activities. ..... Click the link for more information. . In many countries philanthropy has been incorporated in government policy in the form of tax exemptions for contributions to charitable agencies. It has become so accepted that few now escape the demands of giving, and many important institutions are partly or wholly dependent on it. In early times, charity was usually prompted by religious faith and helped to assure a reward in an afterlife, a notion found in Egypt many centuries before the Christian era. Throughout history, active participation in philanthropy has been a particular characteristic of Western societies. A traditional philanthropic ideal of Christianity is that of the tithe, which holds that one tenth of a person's income should go to charity. Charity is also important in Islam, Buddhism, and other religions. Foundations foundation, institution through which private wealth is contributed and distributed for public purpose. Foundations have existed since Greek and Roman times, when they honored deities. At the end of the 19th cent. it was recognized that corporations could play a part in financing voluntary agencies when the Young Men's Christian Association set a new pattern for raising money: intensive drives over a short period of time, the use of sophisticated techniques to raise money, and an emphasis on corporation donations. Other voluntary agencies soon copied this pattern, and it is still the typical practice for large-scale fundraising. During World War I, coordination of effort became a trend in philanthropic activity. In the United States, this coordination took the form of Community Chests community chest, cooperative organization of citizens and social welfare agencies in a city. Also known as a united fund, it has two purposes: to raise funds through an annual campaign for its member agencies and to budget the funds raised. Today the organization and coordination of philanthropy has eliminated much of the spontaneity of giving. They have also brought about a more rational assessment of ability to give as well as the introduction of scientific methods of ascertaining community and national needs and of raising money. The focus has also shifted from the relief of immediate need to long-term planning to prevent future need. philanthropyVoluntary, organized efforts intended for socially useful purposes. Philanthropic groups existed in the ancient civilizations of the Middle East, Greece, and Rome: an endowment supported Plato's Academy (c. 387 BC) for some 900 years; the Islamic waqf (religious endowment) dates to the 7th century AD; and the medieval Christian church administered trusts for benevolent purposes. Merchants in 17th- and 18th-century western Europe founded organizations for worthy causes. Starting in the late 19th century, large personal fortunes led to the creation of private foundations that bequeathed gifts totaling millions and then billions in support of the arts, education, medical research, public policy, social services, environmental causes, and other special interests. See Andrew Carnegie; B'nai B'rith; Bill Gates; George Peabody; Rockefeller Foundation; Straus family. Philanthropy See also Generosity, Patronage. Appleseed, Johnny nickname of John Chapman (c. 1775–1847), who traveled through the Ohio Valley giving away apple seeds and caring for orchards. [Am. Hist.: Collier’s, IV, 569] steel magnate who believed the rich should administer wealth—for public benefit. [Am. Hist.: Jameson, 83] 19th- and 20th-century family name of American industrialists and philanthropists. [Am. Hist.: NCE, 1159] financier and public official; left large sums for research and art. [Am. Hist.: NCE, 1743] imperialist; left millions of pounds for public service; notably, the Rhodes scholarships. [Br. Hist.: NCE, 2316] (1839–1937) American multimillionaire; endowed many institutions. [Am. Hist.: Jameson, 431] |
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