Sunday, January 31, 2010

Frank Hanna and the Importance of Philanthropy

FreeDictionary.com defines "philanthropy" as "the spirit of active goodwill toward others as demonstrated in efforts to promote their welfare." It's more than just giving money; it's doing things to promote the welfare of others, which often includes lots of money. This is why philanthropy often originates with religious groups as well as business people--and why so often religion and business find common ground in philanthropy.

Frank Hanna is a merchant banker, entrepreneur and author. He is also one of the most prominent Catholic philanthropists around--a good example of what can happen when religion and business join hands together.

Philanthropists give for a variety of reasons, and I cannot say some do not do it with selfish motives. But regardless of the motive, there can be little doubt with so many people impoverished and underprivileged in this world that philanthropy is highly important. Philanthropists are people who have the resources to make a difference in the lives of many people--and the heart to do it. They have the ability and foresight to effect change in ways that governments can't (or won't), and can work that change with far fewer constraints. This is why philanthropists like Frank Hanna and others have the potential to do such good.

But the reality is, because philanthropy isn't just about money (as the dictionary just told us) we all have the capability of being philanthropic. We don't have to be wealthy (although that helps); we just need a big heart that looks out for the other guy, and an eye to see where we can make a difference--and the courage to make that difference when we see it. Maybe we could all borrow a page or two from Frank Hanna's playbook. We can all be philanthropists.

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