Philanthropy

=== Traditional philanthropy versus philanthrocapitalism ===
[[Philanthrocapitalism]] differs from traditional philanthropy in how it operates. Traditional philanthropy is about charity, mercy, and selfless devotion improving recipients' wellbeing.<ref name=":0" /> Philanthrocapitalism, is philanthropy transformed by business and the market,<ref>{{Citation|chapter=Is it time for a new international poverty measure?|date=2013-12-05|pages=35–42|publisher=OECD|isbn=9789264200999|doi=10.1787/dcr-2013-6-en|title=Development Co-operation Report 2013|last1=Klasen|first1=Stephan}}</ref> where profit-oriented business models are designed that work for the good of humanity.<ref>{{Cite book|first1=Matthew|last1=Bishop|first2=Michael|last2=Green|publisher=Bloomsbury Press|date=2008|title=Philanthrocapitalism: how the rich can save the world|isbn=9781596916951|url=https://archive.org/details/philanthrocapita00matt|url-access=registration}}</ref> Share value companies are an example. They help develop and deliver curricula in education, strengthen their own businesses and improve the job prospects of people.<ref>{{citation|last1=Kramar|first1=M.K.|first2=G.|last2=Hills|first3=K.|last3=Tallani|first4=M.|last4=Wilka|first5=A.|last5=Bhatt|year=2014|title=The new role of business in global education: How companies can create shared value by improving education while driving shareholder returns|url=https://www.fsg.org/wp-content/uploads/2021/08/Role_of_Business_in_Education.pdf}}</ref> Firms improve social outcomes, but while they do so, they also benefit themselves.

The rise of philanthrocapitalism can be attributed to global [[capitalism]]. {{weasel inline|text=There is an understanding|date=August 2023}} that philanthropy is not worthwhile if no economic benefit can be derived by philanthropy organisations, both from a social and private perspective. Therefore, philanthropy has been seen as a tool to sustain economic and firm growth, based on [[Human Capital Theory|human capital theory]]. Through education, specific skills are taught that enhance people's capacity to learn and their productivity at work.

[[Intel]] invests in science, technology, engineering, and mathematics (STEM) curricular standards in the US and provides learning resources and materials for schools, for its innovation and revenue.<ref>{{Cite journal|last=Rubio Royo|first=Enrique|date=2009-09-30|title=Nuevo "rol" y paradigmas del Aprendizaje, en una Sociedad Global en RED y Compleja: la Era del Conocimiento y el Aprendizaje|journal=Arbor|volume=CLXXXV|issue=Extra|pages=41–62|doi=10.3989/arbor.2009.extran1205|language=es|issn=1988-303X|doi-access=free|hdl=20.500.12749/3006|hdl-access=free}}</ref> The New Employment Opportunities initiative in Latin America is a regional collaboration to train one million youth by 2022 to raise employment standards and ultimately provide a talented pool of labour for companies.