Philanthropy etymologically means "the love of humanity
Humanity may refer to:* The human species**The total world population* Human nature, psychological characteristics that all normal humans have in common**Compassion**Empathy**Altruism**Aggression**Fear...

"—love in the sense of caring for, nourishing, developing, or enhancing; humanity in the sense of "what it is to be human," or "human potential." In modern practical terms, it is "private initiatives for public
In public relations and communication science, publics are groups of individuals, and the public is the totality of such groupings. This is a different concept to the sociological concept of the Öffentlichkeit or public sphere. The concept of a public has also been defined in political science,...

 good, focusing on quality of life
Quality of life
The term quality of life is used to evaluate the general well-being of individuals and societies. The term is used in a wide range of contexts, including the fields of international development, healthcare, and politics. Quality of life should not be confused with the concept of standard of...

"—balancing the social-scientific aspect emphasized in the 21st century
A century is one hundred consecutive years. Centuries are numbered ordinally in English and many other languages .-Start and end in the Gregorian Calendar:...

, with the long-traditional and original humanist
Humanist may refer to:* A proponent or practitioner of humanism, which has several distinct senses, which are listed at Humanism and at Humanism * Humanist sans-serif, a classification of the sans-serif typeface...

 core of the word's ancient coinage.