Philanthropy can be broadly defined as love for humanity. It comes from the Greek words "philos" meaning love and "anthropos" meaning humanity. A person who practices philanthropy is called a philanthropist.
The goal of philanthropy is to improve the welfare of mankind by preventing and solving social problems. Philanthropy is not the same as charity. Charity focuses on eliminating suffering caused by social problems, while philanthropy focuses on eliminating social problems. For example, giving food to a hungry person is charity. Eating helps a person for a short time, but the person will be hungry again in the future. You can check out this source: Foundation For Peace in South Africa for philanthropy.
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Charity and philanthropy will also benefit your family. Participating in fundraising teaches your children valuable life skills such as goal setting, money management, and project planning. Charity and/or philanthropy also help them teach empathy and build emotional intelligence. Children who take part in these activities become adults who do them. Donations and volunteering build bonds in your family and create unity.
Your health can also benefit from philanthropy and charity. Volunteering gets your body moving and working. Reduces stress and improves mood. Helping others helps those suffering from depression. Working with others for a purpose helps relieve feelings of loneliness. This activity builds your confidence.
Philanthropy and charity certainly benefit society. The time, money, skills and efforts you invest in charities help those causes achieve their goals of benefiting society, be it helping abused children, families in poverty, the environment, or other community needs.