[fi-lan-thruh-pee] 
| 1. | altruistic concern for human welfare and advancement, usually manifested by donations of money, property, or work to needy persons, by endowment of institutions of learning and hospitals, and by generosity to other socially useful purposes. |
| 2. | the activity of donating to such persons or purposes in this way: to devote one's later years to philanthropy. |
| 3. | a particular act, form, or instance of this activity: The art museum was their favorite philanthropy. |
| 4. | a philanthropic organization. |
| phi·lan·thro·py (fĭ-lān'thrə-pē) n. pl. phi·lan·thro·pies
[Late Latin philanthrōpia, from Greek, from philanthrōpos, humane, benevolent : phil-, philo-, philo- + anthrōpos, man, mankind.] phi·lan'thro·pist n. |
Philanthropy
1. An activity performed with the goal of promoting the well-being of fellow man.
2. To dispense or receive aid in the form of a gift from funds intentioned for humanitarian purposes.
Investopedia Commentary
Renowned investor George Soros is well known for his generous contributions to the Open Society Institute, a foundation that strives to promote humanitarian activities. His generous donations to improve the human condition is an excellent example of philanthropy.
Related Links
Skipping-Out on Probate Costs
See also: Donation, Gift, Invisible Hand
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