Philanthropy provides many benefits. Not only does it enable you to give something to a good cause, it can also help to evoke positive feelings. Donating money or the act of arranging a fundraising event can help people to feel more involved in their local community and create a good social connection. This is why it is important that we all consider practising philanthropy.
Philanthropy is becoming a popular practice not only with individuals but also in business. Companies are committing philanthropic acts in order to give something to a cause they feel passionate about or to help build up their local community. In turn, these philanthropic acts help businesses, particularly those who are small, to become recognised and gain respect from consumers and employees.
There are many businesses and individuals that are known for their philanthropy. John Grill, formerly CEO of the engineering company WorleyParsons, donated $20 million to the University of Sydney to help create a project leadership centre. US company Wells Fargo has made many donations, not only in its local neighbourhood but also to communities and schools nationwide. The company focuses on areas such as education, environment and arts and culture.
There are also many individuals and businesses in other countries that practise philanthropy. Chen Dongsheng, founder of a life insurance company in China, has made a number of donations to charity in the past few years and focuses mainly on education causes. Edwin Leong, a Hong Kong businessman, supports programs for the elderly and underprivileged children in Hong Kong and China. He donated $2.6 million to create a facility that will provide screening for the elderly.
There are different types of philanthropy: Philanthropists may become involved in charity work to show their support for an existing charity or someone may set up a foundation for a cause that they are passionate about. Businesses that are considering practising philanthropy may invest in non-profit organisations or may have a more strategic philanthropy plan. An individual that wishes to make a donation to a charity but cannot afford to donate a large amount alone may organise a fundraising event. Similarly, an individual might choose to get involved in a separate fundraising event and help out. They might do this by searching for restaurant fundraisers near me or through speaking to members of their local community on how to get involved in fundraising in the local area.
Philanthropy can help you to improve your character, as it enables you to feel good about giving something to a good cause. It is an ideal way to improve personal skills, such as social skills and can help you to build up a connection with other people. It is important that we all practise philanthropy in small measures, so that we can have a chance to enjoy all the benefits that it provides.
Headlines such as Lord Laidlaw sells events firm show how Lord Laidlaw is committed to helping charities. He is known for his philanthropy work and has made many donations, including a 100,000 donation to Scottish Opera and a 40,000 donation to Keith Grammar School to help prepare senior students for work.
With philanthropy being so beneficial to individuals and companies, it is becoming more important that we take the time to practise it. Many individuals and companies are likely to want to follow in the footsteps of popular philanthropists and give something to make a difference.