Asked by Camay Bhakoo on Jun 05, 2024
Verified
Briefly discuss the role of successful American entrepreneurs as philanthropists.
American Entrepreneurs
Individuals in the United States who start, organize, manage, and assume the risks of a business or enterprise.
Philanthropists
Individuals who seek to promote the welfare of others, especially by the generous donation of money to good causes.
- Understand the contributions of entrepreneurs to philanthropy.
Verified Answer
ZK
Zybrea KnightJun 06, 2024
Final Answer :
A lesser known and largely ignored role of American entrepreneurs is that of philanthropists and creative community leaders.A majority of new buildings,classrooms,athletic facilities,and universities have been funded by an entrepreneur who wanted to give back.When a successful entrepreneur gets involved in the nonprofit sector,the engagement involves strategic business skills like long-term planning,board and executive recruitment,coaching,and leveraging relationships.These high-engagement philanthropists have a stronger focus and deeper investments in a smaller,more select number of investment partners,and a healthy ambition for the long-term reach of their efforts.
Learning Objectives
- Understand the contributions of entrepreneurs to philanthropy.
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