Philanthropy Research Overview

Philanthropy has a component of volunteering/involvement and donating. Many people who make millions and billions of dollars donate their time, ideas, and money in order to benefit an organization, group, or individual they want to support. Some of the top modern philanthropists, according to Forbes, differ in donation amounts. Although one person may donate $5 billion, someone else who donated $2 billion may be ranked higher because it is a higher percent of their net worth that they're donating. Philanthropy is to benefit a group, individual, or idea for the long term or the what-it-could-be, rather than charity which supplies the immediate benefit. Other than Rockefeller and Carnegie, there are many modern day philanthropists such as: Warren Buffet, Bill and Melinda Gates, George Soros, Michael Bloomberg, Chuck Feeney, and many more. Several of which have their own foundations of philanthropy which give out grants to fund beneficial ideas or people in need.