Philanthropy

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

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