USA HISTORY

Detailed explanation-1: -Philanthropy is more long-term and strategic and often involves making multiple gifts to help people over a number of years. While charity is focused on providing immediate relief to people and is often driven by emotions, philanthropy is focused on helping people and solving their problems over the long-term.

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: -George Peabody (1795–1869) is the acknowledged father of modern philanthropy. A financier based in Baltimore and London, in the 1860s he began to endow libraries and museums in the United States, and also funded housing for poor people in London.

Detailed explanation-4: -From long-term giving to one-off donations, philanthropy can take many forms. Often considered society’s risk capital, it’s defined as ‘the desire to promote the welfare of others, normally through the generous donation of money to good causes’ – but there’s more to know about its positive effects on the world.