Glossary item: Philanthropy - Definition

The word philanthropy is originally Greek and means ‘love of mankind’. Today, it is a broad term used to cover voluntary giving of money, goods, services, time or expertise by an individual, group or organisation to promote the common good. Recipients are often registered charities, but can also be individuals, groups or organisations. Financial donations can take many forms including cash grants, loans, and other types of financing.

This glossary item is tagged under:

  • Understanding philanthropy