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Philanthropy “the love of humanity”—love in the sense of caring for, nourishing, developing, or enhancing; humanity in the sense of “what it is to be human,” or “human potential.” In modern practical terms, it is “private initiatives for public good, focusing on quality of life”—balancing the social-scientific aspect emphasized in the 21st century, with the long-traditional and original humanist core of the word’s ancient coinage. This formulation distinguishes it from business (private initiatives for private good, focusing on material prosperity) and government (public initiatives for public good, focusing on law and order)
