Philanthropy is a term that refers to the idea of giving one's time, effort, or money for the betterment of society. It is an essential component of a welfare society, and there are many terms that can serve as synonyms of philanthropism. Charitable giving, kind-heartedness, altruism, benevolence, and generosity are some of the familiar terms that describe philanthropic activities. Humanitarianism, selflessness, magnanimity, social activism, and community service are other synonyms that signify the same message. In essence, philanthropism encompasses a wide range of charitable activities in which people contribute to social welfare through kind acts or material donations. It is a crucial way to promote well-being and compassion in society.