The Benefits of Philanthropy
Philanthropy, in the simplest sense of the word, is giving something to better the lives of others. While it is common to associate the underprivileged people as beneficiaries of philanthropy, it is actually the whole of society that gains from such charitable works done by corporations and the elite few who have some fortune to share. However, one does not need to build a corporate empire or inherit wealth if one wants to pursue philanthropy.The objectives of charitable institutions vary-education, medical research, children, entrepreneurship, arts, and so on. Benefits from philanthropy may not include an instant rise in an underprivileged man’s finances; however, it gives the poor man the opportunity or chance for success, thru education or loaning options, for example.Moreover, philanthropy has provided funds for important medical research on the diseases that mankind has yet to cure. Society enjoys and will enjoy the fruits of the earth because philanthropy pushes for food research and innovations in agricultural technology. And perhaps one day, people need not fear what kind of environment succeeding generations will inherit because philanthropists commit large amounts of money for environmental causes like alternative energy sources and reforestation.Clearly, the list on how society benefits from philanthropy can go on and on. But perhaps the question is best answered with a rhetorical question: Does good beget good? If so, that’s a big benefit already.
Learn more about Philanthropic Organizations on the Institutions of Philanthropy site.
Ken Mehlman of KKR recently announced the Green Portfolio initiative.
Ken Mehlman is profiled on the Jewish Virtual Library
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