What I Learned Today: Philanthropy

Today in class I learned about Philanthropy. Philanthropy is the desire to promote the welfare of others, expressed especially by the generous donation of money to good causes. I learned that for your donations to be considered philanthropy you have to actually be giving it to promote the welfare of others and not yourself. It would not be considered philanthropy if you made a foundation in your name and you made profit from that foundation. This is what I learned today.