By Randall J. Strossen, Ph.D. It's no lie that the guts of a gym, for us, is a barbell, a set of squat racks, and a lifting platform. And while most people who lift weights are no strangers to the first two, unless you snatch and clean and jerk, you probably don't have a clear idea about how to build a good lifting platform.
Corporate welfare. Corporate welfare is a term that analogizes corporate subsidies to welfare payments for the poor. The term is often used to describe a government's bestowal of money grants, tax breaks, or other special favorable treatment for corporations.
DEFINITION of 'Philanthropy'. Philanthropy involves charitable giving to human causes on a large scale. Philanthropy must be more than just a charitable donation. It is an effort an individual or organization undertakes based on an altruistic desire to improve human welfare. Wealthy individuals sometimes establish foundations to facilitate their philanthropic efforts.