Characteristics of an Inspired Philanthropist - How to Become an Inspired Philantrhopist. Satyamev Jayate. Www.bain.com/Images/Bain_Philanthropy_Report_2011.pdf. Philanthropy. Philanthropy etymologically is the history of a linguistic form (as a word) shown by tracing its development since its earliest recorded occurrence in the language where it is found, by tracing its transmission from one language to another, by analyzing it into its component parts, by identifying its cognates in other languages, or by tracing it and its cognates to a common ancestral form in an ancestral language.
The most conventional modern definition is "private initiatives, for public good, focusing on quality of life". This combines the social scientific aspect developed in the 20th century with the original humanistic tradition, and serves to contrast philanthropy with business (private initiatives for private good, focusing on material prosperity) and government (public initiatives for public good, focusing on law and order).[1] Etymology[edit] History[edit]