What is a philanthropist and How to become a famous philanthropist?

1. Philanthropist

2. What is a philanthropist? The giving behavior of philanthropist, who is looking to promote philanthropic work, or welfare of others by not just donating money, but they volunteer their time for a cause. Contributing to the well-being of others makes you happy, feels satisfied, and finds more meaning in life.

3. Philanthropy vs. Charity There is a difference between Philanthropy and Charity. A nonprofit or charity organization which executes all the actions towards the welfare of others life and improves their life. Philanthropy is an act that involves funding or donations for charities that fulfill the need of charities to achieve their nonprofit goals. You can also build a good career in philanthropy. There you will get an opportunity to connect with well-known philanthropists and build a good relationship with them. For a career in philanthropy, you will need a few essential skills and abilities like adaptability and perseverance, passion, people skills, and a growth mindset

4. Here are some of the famous philanthropist's list in the world. • Warren Buffett: Warren Buffett has focused to support for poverty and healthcare initiatives. Since 2006 he has given away $34 billion for health, poverty alleviation. • Bill & Melinda Gates:Bill Gates & his wife Melinda Gates run a private charitable foundation with $46.8 billion in assets. They worked on global poverty, economic development, healthcare and education, and more. • Azim Premji: Azim Premji role model for Indian philanthropy runs Wipro, Azim Premji Foundation, He supports causes of education, poverty alleviation, and recently his foundation committed ₹1,125 crores towards tackling the Covid-19 pandemic outbreak. We can put them in a category called Venture Philanthropy who encourages philanthropists to work for nonprofit causes.

5. Do you want to become a famous philanthropist? If Yes, you should consider the following: • Think about why you want to become a philanthropist and what you are excepting from this career, why you are choosing this? Because of you feel good or motivates you. Or there is a specific cause that belongs to your community. You can donate to any charity or cause first you need to be confirmed what is important to you and why you are working towards that. • Do research where you want to start. Look for the best charities to donate to as listed by fundraising platforms or nonprofit organizations, and chose your charity based on your cause you care about. • Money giving to the charity is not sufficient, you should maintain sustainability. For example, you should start a community and raise your cause for better reach then there may be a chance your cause can get continuous funding.

6. Continued… • Share your skills with relevant business professionals and advise them then you can become a corporate philanthropist as well as you will be able to lead and motivate others. • The philanthropist means not only donating money and skills.it is much more than that. You can also take part as a volunteer. Nowadays there are lots of virtual volunteer opportunities are there on dedicated websites. You can do it in your free time. Try iConnectX. • Share your philanthropy with your family and friends and educate them what your cause, why your cause is important and how they can help for your cause, and more.

7. Relevant Links: • Benefits of Corporate philanthropy

8. Thank You