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“Philanthropy”, is a Greek word meaning “love for mankind”. The words charity and Philanthropy goes hand in hand, but the only difference is Philanthropy is a kind of charity where both the donator and the receiver are beneficiaries. There are many non-profit organizations which endlessly support for children welfare, education, family welfare, healthcare etc. Mostly contributions are in the form of monetary funds, which are useful in supporting the lives of the people who need changes in their society. To be a successful philanthropist, the most important thing is you should have adept financial education. The common notation is philanthropy should always be in contrast with business. Most of the big multinational companies have their own non-profit organizations, as philanthropy has tax benefits, which projects them as respectable. To understand philanthropy, there are many schools and colleges which give deep insight on the subject. The main goal of learning philanthropic principles is to gain knowledge on public policy making for a better and developed nation.