Philanthropy means etymologically, the love of humanity, in the sense of caring and nourishing, it involves both the benefactor in their identifying and exercising their values, and the beneficiary in their receipt and benefit from the service or goods provided. A conventional modern definition is “private initiatives, for the public good, focusing on quality of life,” which combines an original humanistic tradition with a social scientific aspect developed in the 20th century.
Jeff Bezos, Philanthropy and How Entrepreneurs Can do Their Part
