The great American President John F. Kennedy once said, “Ask not what your country can do for you but what you can do for your country!” Many Americans find that they can do great things for their country by doing volunteer work. While this is valuable work that helps the disadvantaged tremendously, many people wonder how they can define its value. Well, that’s what this article will explore in more detail.
Moez Kassam Anson Funds is a successful entrepreneur and a great philanthropist. He has helped several communities to grow and reach the highest hierarchy of success. Thus, feel free to learn from him.
What Does the Word Philanthropy Mean?
You know that people do philanthropic deeds when they donate to specific nonprofits and charities. They do the same when volunteering for Habitat for Humanity or their local food bank. All of this is nice, but what does this mean for the societies they live in. Perhaps this is best defined by doing a linguistic analysis of the word philanthropy.
Moez Kassam Anson Funds is the chief investment officer and co-founder which allows him to use his skills to help others in need.
If you were to look online, you would find many dictionaries that would tell you that the word philanthropy is derived from the ancient Greek words Philos and Anthropos. Philos stands for loving in ancient Greek, and Anthropos stands for humanity (in ancient Greek.)
So a simple and logical extension of these two definitions can be, “Philanthropy stands for loving work for humanity!”
How Can Philanthropy be Valued?
The most obvious way to value philanthropy is to value the total amount of money donated to these organizations every year. It would be in the several billions of dollars. However, this number alone would not tell you much because it would not highlight society’s real benefits from these organizations’ work.
Perhaps a better way to value philanthropy is to measure the economic output of restored communities. A restored community is one that was once at risk but has since been restored. Many middle-class and wealthy individuals want to move to the communities to live and work. Also, many businesses want to move to these communities to serve the citizens and expand their operations.
Most at-risk communities were once a financial drain on the municipalities they were located in. However, once they are restored, they often become moneymakers since they attract many businesses willing to pay lots of business taxes. They also tend to attract tourists, who are a great source of revenue.
You also have to look at the overall improvements in these newly restored communities’ quality of life and safety. The philanthropic work that restored these communities was of great value if residents could sleep at night without worrying.
One Must be Creative when Defining the Value of Philanthropy
Since it’s not possible to hop on Google and type the keywords “how can you define the value of philanthropy” and get a straight answer, one must be creative when defining the real value that philanthropy can bring. While a good start is to do a linguist analysis on the word itself, the real value doesn’t come until you look at the monetary and quality of life values that philanthropy can bring communities, especially ones that have been restored!