noun
philanthropy
fih-LAN-thruh-pee
noun
1
The practice of donating money, time, or resources to promote the welfare of others.
"The company set aside a budget for philanthropy each year."
"His philanthropy funded several new hospitals."
How to Use Philanthropy
Learner’s notesIn plain EnglishGenerous giving intended to help people or improve society, and the culture of that giving generally.
Common mistake
Not the same as "philately" (stamp collecting) — an easy mix-up because of the similar "phil-" beginning.
Easily confused with
philately
Common pairings
corporate philanthropy
act of philanthropy
philanthropy foundation
Word Forms
philanthropies plural
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Etymology
From Late Latin philanthropia, itself from Greek philanthropia, literally "love of humankind."