Benefactor

calender iconUpdated on May 06, 2024
direct tax
taxation

Definition:

A benefactor is a person who is generous in providing financial or other assistance to others, often through charitable contributions.

Etymology:

The word “benefactor” derives from the Latin word “benefactor,” which means “one who benefits.”

Notable Benefactors:

  • Bill Gates: Founder of the Bill & Melinda Gates Foundation, the largest private charity in the world.
  • Warren Buffett: Investor and philanthropist, known for his large donations to charity.
  • Jeff Bezos: Founder of Amazon.com, a major e-commerce company, and the founder of the Bezos Earth Fund.
  • George Soros: Investor and philanthropist, known for his investment banking firm and his contributions to progressive causes.

Examples:

  • A wealthy businessman donates money to a charity that provides housing for the homeless.
  • A philanthropist establishes a foundation to support education in developing countries.
  • A corporation makes a large contribution to a hospital.

Characteristics of a Benefactor:

  • Generous: Willing to give freely of their time, money, or resources.
  • Compassionate: Concerned about the well-being of others.
  • Altruistic: Motivated by a desire to help others, rather than personal gain.
  • Philanthropic: Dedicated to improving the lives of others.
  • Influential: Able to inspire others to make positive changes.

FAQ's

What does benefactor mean?

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A benefactor is a person who provides help or support, often through financial contributions, to individuals, organizations, or causes.

What is the synonym of benefactor?

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What is the opposite of a benefactor?

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What is the difference between a benefactor and a beneficiary?

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Who receives money from a benefactor?

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