Philanthropy in Libraries

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Author(s): Achala Munigal (University College of Science, Saifabad & Osmania University Hyderabad, A.P., India)and Susmita Chakraborty (University of Calcutta, India)
Copyright: 2014
Pages: 14
Source title: Collaboration in International and Comparative Librarianship
Source Author(s)/Editor(s): Susmita Chakraborty (University of Calcutta, India)and Anup Kumar Das (Jawaharlal Nehru University, India)
DOI: 10.4018/978-1-4666-4365-9.ch005

Keywords: Information Science Reference / Library & Information Science / Library Information Systems / Library Science

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Abstract

Philanthropy is regarded as a voluntary private virtue for public good. Terms like Gifting, charity, fundraising, contributions, generosity, donations, aid, bequests, offerings, handouts, patronage are sometimes synonymously or interchangeably used for philanthropy. There are public, private, corporate philanthropic foundations all over the world, that work in collaboration with NGOs and other governmental organisations towards social good. Despite economic challenges faced worldwide, global philanthropy is predicted to continue its growth. In the age of declining financial assistance for libraries, un-certain economic condition, budget cuts libraries are facing a lot of economic crunch. To preserve libraries, philanthropy is most crucial and essential. Most of general public do not have multi-million dollar fortunes to donate, but this does not mean that smaller donations have less impact than larger ones. Libraries depend on various forms of giving. This paper investigates philanthropy with special reference to libraries in India.

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