Community Foundations
Westerners owe the word “philanthropy” to the Greeks, who, since the fifth century BC elaborated on the idea. Etymologically, “philanthropy” means “the love of humanity”. It was coined 2,500 years ago by its use in the myth Prometheus Bound.
Benjamin Franklin, the inventor and statesman of the colonial era, was an early philanthropist. He founded local civic organizations such as the volunteer fire company and institutions such as the Pennsylvania hospital, the University of Pennsylvania and the Philadelphia public library.
There are over 700 community foundations in the United States Today.







