There are many benefits to being a philanthropist. Experts conclude that charitable giving can improve one’s emotional and even physical well-being, and philanthropists have the satisfaction of knowing they have contributed to the greater good.6 In fact, some studies show that philanthropists have less depression, higher self-esteem, lower blood pressure, and may even live longer than those who don’t give.76
The benefits of philanthropy are not limited to individuals. Corporations that support charitable giving receive a wealth of offerings from building a better public image, creating more vital brand awareness, and attracting new partners and talent who may be attracted to a company that contributes to charities.
In addition, employees who work for companies that give back to society are happier and contribute more to their jobs. And, because corporations are created to make money, a strong philanthropic streak often boosts sales and new customers.