- Many usages also seem to refer immediately to a phrase with the same meaning, venture philanthropist, suggesting neither term has come to dominate in language usage. The term seems to almost exclusively refer to venture capitalists or those with similar practices, albeit in charity, and almost never to businesses who had low-risk beginnings, such as Target or Wal-Mart, who perform acts of charity.
philanthrocapitalist
noun; blending
One who donates to charity in a business-like manner or uses profits from venture capitalist ventures to give to charity.
Etymology : philanthro; from philanthropy, which is from French philanthropie “love of mankind” from Latin philanthropia from Greek philanthrope, which from phil “love” and anthrop “man” + y “noun”; and capitalist, from Latin capital “head” and –ist “agent-noun”.
Source : “Leading philanthrocapitalists are giving away unprecedented amounts of money - Bill gates and Warren buffet are together handing out about $ 3.5 billion a year through the Bill and melinda Gates Foundation”. New York Times November 2008
Last modified: 3 December 2008