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. It is a Greek term which directly translated means “love of mankind. It has distinguishing features from charity; not all charity is philanthropy, or vice versa, though there is a recognized degree of overlap in practice. It is altruistic concern for human welfare and advancement, usually manifested by donations of money, property, or work to needy persons, by endowment of institutions of learning and hospitals, and by generosity to other socially useful purposes.