Tuesday, March 5, 2019

2.6 Philanthropy

1. Philanthropy - A Greek term which directly translated means “love of mankind.” Philanthropy is an idea, event, or action that is done to better humanity and usually involves some sacrifice as opposed to being done for a profit motive. Acts of philanthropy include donating money to a charity, volunteering at a local shelter, or raising money to donate to cancer research. - NPQ
Philanthropy is the love for human kind, and focuses on the quality of life for the greater good of society. Philanthropy is different from charity although similar at the same time. For instance a major difference between philanthropy and charity is that philanthropy addresses the root of a problem while charity attempts to create a temporary solution for a specific problem.
2. Andrew Carnegie, Philanthropist - Americas Library
Carnegie gave away 90% of his wealth to organizations that supported teachers ($10 Million), Public Libraries (2,000 built), College/Schooling Aid ($125 Million). Andrew Carnegie also believed in World Peace, and funded Hague Palace of Peace which became the World Court. Carnegie gave his donations to causes that he cared about and had a deep connection too from what he believed help him through life while he was younger. He was a passionate individual that cared about what he could do for others with his own donations.
3. John D. Rockefeller - History.com
Rockefeller and Carnegie were very similar in their early life and rise to fame, and both ended their lives donating to causes that they were passionate about. Unlike Carnegie, Rockefeller was very religious and gave his money to religious institutions, Education, and Scientific causes (such as Rockefeller University). Rockefeller donated more than half a billion USD.
4. Carnegie Cooperation
The Carnegie Foundation is involved in "promoting advancements in the diffusion of knowledge and understanding." The three main causes that it focuses on today are International Peace, the advancement of education, and strength of our democracy.
5. Barron Hilton - Hilton Foundation
W. Barron Hilton helped in the creation of the Super Bowl and established the LA Chargers NFL Team, Hilton "pledges" to give 97% of his wealth to Conrad N. Hilton Foundation. As of 2011 net worth = $2.5 Billion.
6. I would invest in religious works and non profit pet/vet organizations because those are some of the things that I have found that I am passionate about and would want to further expenses and research in those areas.
Image of W. Barron Hilton while serving with the U.S. Navy

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