Philanthropy is a new term very common these days. The term can be new, but the concept of giving has been very old. The Greeks introduced the concept of giving and utilizing the charity for a good cause. In 2500 BC, the Hebrews collected a mandatory tax which was used to help the poor people of the society. The word philanthropy first appeared in 500 BCE, which means love for humanity. After that, the first Roman emperor gave the first-ever medical charity to an estimated people of around 200,000. And from there, a legacy of charity goes on. After this,…