When you’ve read our social media posts or our annual reports (preferably both…), you might have come across some jargon that Catalyst Balkans uses almost daily but for those of you outside the world of philanthropy might have no clue about. Well, we’ve decided to help you out in deciphering some Philanthropy-speak. Below you’ll find that we broke down some of the words we often use that might not be spoken so much in everyday conversation. Hopefully, we can shed some light on some philanthropy common terms.
These are the words to know…
Our first word we’re tackling is philanthropy. The reason Catalyst Balkans exists, philanthropy can be defined a few ways. The etymology of the word comes from Greek, meaning, “love for humankind.” In its broadest definition philanthropy can be understood as the process of supporting and protecting human welfare (but even that has grown to also include assistance to non-human animals). As an organization, we also define philanthropy as giving of goods or services in response to the desire to assist others. Philanthropy can be directed towards supporting schools, starting health clinics, sustaining cultural programs, and many other instances that seek to improve the quality of life for individuals.