Philanthropy

Effort or inclination to increase the well-being of humankind, as by charitable aid or donations / From Wikipedia, the free encyclopedia

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Philanthropy is a form of altruism that consists of "private initiatives, for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material gain; and with government endeavors, which are public initiatives for public good, notably focusing on provision of public services.[1] A person who practices philanthropy is a philanthropist.