MANAGEMENT

Detailed explanation-1: -Philanthropy refers to charitable acts or other good works that help others or society as a whole. Philanthropy can include donating money to a worthy cause or volunteering time, effort, or other forms of altruism.

Detailed explanation-2: -It meant “love of humanity.” Today, philanthropy means generosity in all its forms and is often defined as giving gifts of “time, talent and treasure” to help make life better for other people. You can practice philanthropy by making a monetary gift, such as a donation to a cause you believe in.

Detailed explanation-3: -Altruism is when we act to promote someone else’s welfare, even at a risk or cost to ourselves.

Detailed explanation-4: -Philanthropic Responsibility Philanthropic responsibility refers to a business’s aim to actively make the world and society a better place. In addition to acting as ethically and environmentally friendly as possible, organizations driven by philanthropic responsibility often dedicate a portion of their earnings.