Grantmaking

adjective relating to or characterized by the practice of altruistic concern for human welfare and advancement, typically manifested by donations of money, property, or work to needy persons or by endowing institutions for the promotion of the welfare of others.

• The philanthropic foundation donated millions of dollars to various charities.
• My friend is involved in a philanthropic organization that helps the homeless.
• She's always been a real philanthropic soul, giving back whenever she can.
• His philanthropic gestures towards the community were like planting seeds of kindness that would grow and flourish.

noun the desire to promote the welfare of others, expressed especially by the generous donation of money to good causes

• Many wealthy individuals engage in philanthropy by donating large sums of money to charitable causes.
• My friend is really into philanthropy and volunteers at the local soup kitchen every weekend.
• Dude, that billionaire is all about that philanthropy life, always giving back to the community.
• The philanthropy of kindness spreads like a wildfire, touching the hearts of all those in its path.