ASSIGNMENT

MMS (III-Sem) SIMS.PRESENTED BYAmrendra Kumar Jaiswal Roll No-22. . Nerul.

Philanthropy .

Contents Introduction Philosophical views on philanthropy Political views on philanthropy Social activism and philanthropy Uses of the word Charitable Organization .

Introduction Philanthropy is the voluntary act of donating money or goods or providing some other support to a charitable cause. usually over an extended period of time. In a more fundamental sense. philanthropy may encompass any altruistic activity which is intended to promote good or improve human quality of life. .

Philanthropy is a major source of income for artistic.Someone who is well known for practicing philanthropy may sometimes be called a philanthropist. as well as educational institutions ranging from schools to universities . and humanitarian causes. Although such individuals are often very wealthy. religious. musical. people may nevertheless perform philanthropic acts without possessing great wealth.

Notable thinkers such as Friedrich Nietzsche and Ayn Rand opposed philanthropy on philosophical grounds. a view sometimes endorsed by those who oppose government welfare programs. .Philosophical views on philanthropy Philanthropy is not always viewed as a universal good. connecting it with the idea of the weak sponging off the strong.

Others hold that philanthropy can be any altruistic giving towards any kind of social need that is not served by the market. .The purpose of philanthropy is also debated. Some equate philanthropy with benevolence and charity for the poor and needy.

Political views on philanthropy Philanthropy is a private sector means of effecting social change without recourse to government mechanisms such as those represented by aid programs. Governments are often supportive of philanthropic efforts. those who donate money to a charity are given a tax break. In many countries. .

Some governments are suspicious of philanthropic activities as possible grabs for favor (and votes/power in democracies) of portions of the population by non-governmental organizations .

Social activism and philanthropy Social activists frequently criticize philanthrophic contributions by corporations whom activists consider "suspect". Harvard University divested itself of Exxon stock after pressure and accusations that Exxon's doing business in South Africa contributed to apartheid. An example is the Harvard. . and South Africa case. Exxon.

This often necessitates large donations and financial support sustained over time.Usageof the word Conventional Usage By the conventional definition of philanthropy. . donations are dedicated to a narrowly defined cause and the donation is targeted to make a recognizable change in social conditions.

The need for a large financial commitment creates a distinction between philanthropy and charitable giving. . Thus. .ame company over the course of their career. the conventional usage of philanthropy applies mainly to wealthy persons. which typically plays a supporting role in a charitable organization initiated by someone else. and sometimes to a trust created by a wealthy person with a particular cause or objective targeted.

(Trusts or bodies established partly for charitable purposes are sometimes considered as. company or unincorporated association established for charitable purposes only. charities: this is a matter of definition.Charitable Organization A charitable organization (also known as a charity) is a trust.) . or treated as.

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