Philanthropy
1. An activity performed with the goal of promoting the well-being of fellow man.

2. To dispense or receive aid in the form of a gift from funds intentioned for humanitarian purposes.

Investopedia Says:
Renowned investor George Soros is well known for his generous contributions to the Open Society Institute, a foundation that strives to promote humanitarian activities. His generous donations to improve the human condition is an excellent example of philanthropy.

Related Terms:
Gift
Invisible Hand
Welfare

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