n.pl.phi·lan·thro·pies 1. The effort or inclination to increase the well-being of humankind, as by charitable aid or donations. 2. Love of humankind in general. 3. Something, such as an activity or institution, intended to promote human welfare. What is Philanthropy? Philanthropy comes from the Greek word, meaning “love for mankind.” Philanthropy is the concept of voluntary giving by an individual or group to promote the common good. The word "philanthropy" also includes grants of money given by foundations to nonprofit organizations and contributions of an individual, corporations or group to other organizations that in turn work for the causes of poverty or social problems, improving the quality of life for all citizens. This type of giving is often referred to as organized philanthropy or grantmaking.
