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Philanthropy is a form of altruism that consists of "private initiatives for the public good, focusing on quality of life".[1] Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material gain; and with government endeavors that are public initiatives for public good, such as those that focus on the provision of public services.[1] A person who practices philanthropy is a philanthropist.
- ^ a b McCully, George (2009). Philanthropy Reconsidered: Private Initiatives, Public Good, Quality of Life. Bloomington, Ind.: AuthorHouse. p. 13. ISBN 978-1438905617.