Nowadays, you can’t go long without hearing about the latest philanthropic contribution by a successful businessperson. One famous individual who takes a leading role in the Jewish community has made his mark by contributing large amounts to his favored causes, as well as encouraging a tolerant attitude in the world. Religious tolerance is another subject dear to his heart.
Would-be philanthropists can learn much from his carefully planned approach to giving. He streamlines his approach by attending to the issues that matter to him the most; he recently committed several million dollars’ worth of support to an support center that assists families in need of mental health services.
What Distinguishes Philanthropy?
Most common dictionaries define philanthropy as a desire to do good and promote the welfare of others, as well as the act of giving money itself. It is important to distinguish philanthropy from other kinds of corporate practices that may involve giving, especially if they have profit or gain as their motive. Moreover, government activities that center on the provision of services to the general public do not count as philanthropy.
Philanthropy and charity are also not quite the same thing. Generally, there is a high degree of overlap, but not all philanthropy counts as charity, and vice versa. According to some, charity has to do with alleviating the suffering that is caused by some social challenge. On the other hand, philanthropic giving is directed at the higher-level cause of the challenge itself. Nevertheless, others deny that there is any real distinction between the two terms.
In recent years, huge gifts have taken the media spotlight, with some givers even parting with large percentages of their total fortune. Considering the growth of the extremely wealthy, it might not be a huge shock that this is happening. This has been enhanced by the technology boom, as well as the continued growth of financial markets on several continents.
Philanthropists’ Many Causes
One of the most striking features of philanthropy is just how diverse it is. For example, the billionaire mentioned earlier has contributed to areas as diverse as religious tolerance, art, health, and nuclear safety.
Many other causes receive attention, including HIV/AIDS, government corruption in developing nations, and poverty/hunger. Of course, there are an unlimited number of other problems that could be addressed.
The Benefits Keep Adding Up
It’s hard to imagine our world without the help offered by philanthropists. In some ways, we all benefit from these peoples’ efforts, such as when we visit museums or use libraries constructed on donated funds. Moreover, controversial projects or issues can gain from individual support even when they are rejected by their local governments.