Philanthropy refers to initiatives undertaken by private entities focused on the good of the public and improving life quality. Unlike business initiatives done for profit, philanthropy is a charity driven initiative. Philanthropy has existed for centuries, and it has become an important area of study. In this article we’ll feature several reasons to study the history of philanthropy.
Past Lessons

The history of philanthropy is essential in understanding the value it offers theoretically. It provides important lessons from the past, such how philanthropists can organize fundraisers better and what to avoid. Also, through studying history, philanthropist can borrow some contexts and elements from the past and modernize them. On the other hand, philanthropists can also avoid mistakes committed in the past by learning from history.

Keeping Track of the Main Themes

Studying the history of philanthropy is vital in identifying the main themes surrounding philanthropic activities and recurrent distresses. Having information from the past on social issues that affect society is crucial in giving insights and providing knowledge on how to handle such matters in modern times.

Understanding the Role of Philanthropists in the Society

Understanding the origin of something provides insight into the main reason it began and the primary purpose it was meant to serve. Therefore, studying philanthropy provides for an understanding of the central role of philanthropists in society and offers a chance to assess whether that role is being performed satisfactorily.

This is a scale of measurement and acts as a guide to keep philanthropist on the right track.

Gathering Correct Facts

History has been manipulated by influential figures and is often interpreted in the wrong way especially when there’s a motive of deception for personal gain. Therefore, studying the history of philanthropy helps eliminate this loophole by ensuring all facts are correctly interpreted and quoted. Also, this ensures credit is given where its due and there no people who take advantage of philanthropist works by claiming them as their own.

Conclusion

Philanthropy has been practiced for many years and these are only but some reasons to study the history of Philanthropy. It is essential to study the history of philanthropy to understand the roles of philanthropists and the primary purpose of the discipline.