Philanthropy Research

Philanthropy Research

The definition of philanthropy according to Marriam Webster is "goodwill to fellow members of the human race especially: active effort to promote human welfare."

According to medium, the difference between charity and philanthropy is that charity tends to be more emotional based, whereas philanthropy is more strategic planning of solutions to a problem.

Andrew Carnegie invested so much in philanthropy because he believed in the "gospel of wealth" meaning that he believed that people who had the ability to do so were morally obligated to help others. He spent the money in the way he did so that he wasn't just handing out money, but instead giving people resources to better their lives. For example, instead of raising the pay of his workers, he built them a library. 

They both gave away hundreds of millions of dollars, however, they focused on helping different aspects of society.  new york times

The Carnegie Foundation is involved with international affairs, The Carnegie Dunfermline Trust, The Carnegie Endowment for National Peace, The Carnegie Foundation for the Advancement of Teaching, The Carnegie Institution for science, The Carnegie Library of Pittsburg, The Carnegie Museums of Pittsburg, The Carnegie Trust for the Universities of Scotland, The Carnegie UK Trust, The Carnegie Hero Fund Commission, 

Current philanthropists: Bill Gates, Oprah Winfrey, Mark Zuckerberg, J.K. Rowling, Diane Von Furstenberg, and Warren Buffet. Oprah Winfrey is one of the worlds top philanthropists, and she started an organization called Oprah's Angel Network. Their mission is to help solve problems people are facing around the world. She has also supported many other causes like arts and education, humanitarian aid, and environmental aid. 

If I were a philanthropist I would want to focus on helping developing countries. I know many places are lacking in safe drinking water, and liveable conditions. But on top of just giving away money to help solve these issues, I'd also like to help create a hands-on experience for people who would like to help because I feel like that is just as important.