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Philanthropists are people who do good for others or even devote their lives to their fellow beings, i.e. their actions are mainly motivated by altruism. In the USA, where private charities are traditionally important, the term philanthropist is often also applied to people who expend large parts of their assets for charitable purposes. Some banks have special departments for servicing these clients.

Term-Nr.: 654

German: Philanthropie (611)

Source: Swiss Fund Guide 2010 m. e. E., 20.04.2010

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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