The term philanthropy refers to an act of giving time, money, and/or reputation to charitable causes. It can be applied to individuals or groups who make a monetary donation. However, most of the time, people are labeled as philanthropists when they give large sums of money or make a significant impact through their volunteering. Those that have set up successful businesses have found themselves with large sums of money that they wish to bless others with. Continue reading to learn about some entrepreneurs who have turned into active philanthropists.
Bill Gates, who is best known for founding Microsoft, is a philanthropist who has been contributing his time and money to various charitable organizations. He runs the Bill & Melinda Gates Foundation. This foundation focuses on programs and initiatives that are focused on improving the lives of people around the world. It issues grants for various programs and initiatives such as agriculture development, global health, and education.
Since its inception, the Bill & Melinda Gates Foundation has given millions of dollars to various development organizations. Some of the prominent organizations that have received help from this philanthropist include UNICEF, The World Health Organization, and The Global Fund to Fight AIDS, among others.
Aside from being one of the wealthiest individuals in the world, Warren Buffett, the chairman, and CEO of Berkshire Hathaway, is also a prominent philanthropist. In 2006, he pledged to give away 85% of his wealth to charitable foundations.
One of the most prominent young philanthropists is 24-year-old entrepreneur Manoj Padaiyachi. He is the founder and president of Wealth Foundation, a young organization that focuses on charitable activities.
Through his foundation, he has been able to make a significant impact on various social issues. One of his projects is the promotion of women’s empowerment. Due to the seriousness of the issue, he believes that it is important that the government takes a serious look at it. He has additionally worked as an influencer for various companies such as Microsoft, Truecaller, and ZoomIN. Through his foundation, he has additionally been able to organize various events such as Gujarat’s First Mega Conclave on Women’s Empowerment.
Besides being the chairman of WIPRO, a leading Indian information technology and consulting company, Azim Premji is also a philanthropist. He is the founder and chairman of a charitable organization known as the Azim Premji Foundation. Through its charitable activities, the foundation is focused on improving the education system in India. It has also started various programs and initiatives that are aimed at providing computer training to teachers. One of these is the Azim Premji University, a non-profit organization that offers a degree in teacher training.