Philanthropy
/fɪˈlænθrəpi/
Definitions
- (n.) The act or practice of promoting the welfare of others, typically through charitable donations or activities.
The foundation's philanthropy supports education and healthcare initiatives worldwide.
- (n.) Legal donations made to nonprofit organizations or causes, often with tax considerations.
His philanthropy included large bequests to several qualified charities to gain tax benefits.
Related terms
Commentary
In legal contexts, philanthropy often involves structured giving with implications for tax law and nonprofit governance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.