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Charity and Philanthropy, Economics of
[chapter]
2015
International Encyclopedia of the Social & Behavioral Sciences
Philanthropy is defined as a benevolent behavior toward others in the society, usually in the form of charitable gifts. Charitable giving accounts for a significant fraction of income in the US and other nations and is often directly encouraged through government tax policy. This article discusses the motives, causes, and influences of philanthropic behavior. Special emphasis is placed on how government policythrough the charitable deduction on income taxes and through direct grants to
doi:10.1016/b978-0-08-097086-8.71001-4
fatcat:elzq6yghijfbbh3246al4vqlym