Philanthropy is defined as the desire to promote the welfare of others, especially by the generous donation of money to good causes. Charity is similar to philanthropy but there is a difference. Charity is a short term response. Charity doesn't solve any problems in the long run. Philanthropy is more about solving problems. link

Carnegie donated money for projects that helped teachers and education. He gave 125 million dollars to help colleges and schools. He also gave money to over 2000 libraries. By 1911, he had given away 90% of his money. He believed that the rich had an obligation to help others less fortunate than they were. Link

Rockefeller gave away 540 million dollars in his lifetime. link Carnegie gave away 350 million dollars. link

Carnegie foundation branches include council for ethics in international affairs, Dunfermline trust, the endowment for international peace, the foundation for the advancement of teaching, Carnegie Hall, the institution for science, the library of Pittsburgh, Carnegie Mellon University, Carnegie Museums of Pittsburgh, trust of the universities of Scotland, the UK trust, The Hero fund commission, and other international foundations. link

Warren Buffett is a major philanthropist today. He pledged to give 99% of his wealth away to churches and schools. Link

If I was a Philanthropist, I would definitely give money to help the arts departments in schools in lower income areas. The arts are very important and there is a lot of research that supports this. Some schools don't have a budget to foster a good band or theatre program. Money isn't everything, but it helps these departments to grow and exist. Without a substantial budget, it is harder to expand a band program and get more people to join. Instruments and equipment have to be paid for along with trips and festivals. The arts can provide a wonderful experience for kids in schools.