Background Information on the Concept of Philanthropy

Definition According to Wikipedia, Philanthropy is “the voluntary giving of time, assistance, or money for the public good”. The term is derived from the Latin word, ‘philanthropia’, meaning “love of man”. In modern days, philanthropy is associated with the disbursement of time, talent, and financial aid by individuals for a wide variety of causes and charities. Some scholars have argued that ‘philanthropy is distinct from the concept of charity, which originated as part of the Judeo-Christian tradition which denotes unselfish direct assistance. All the great religions of the world today, including Christianity, Islam, Buddhism, Hinduism, and Judaism, recognize and encourage a duty to aid the less fortunate in the society.

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