Philanthropy is the act of donating money, goods, services, or time to support charitable causes and promote the welfare of others. It is often motivated by a desire to make a positive impact on society, address social issues, or improve the quality of life for individuals and communities. Philanthropy can take various forms, such as financial contributions to nonprofit organizations, volunteering, establishing foundations, or engaging in social initiatives. The key aspect of philanthropy is the voluntary nature of the contributions made, reflecting a commitment to social responsibility and altruism.