Is it charity or philanthropy..?

Here's the words of EBay’s Founder:

• “When I use the word “charity,” I think of what’s needed to alleviate immediate suffering. It’s just pure generosity driven by compassion, and it’s important but never-ending work—there will always be more suffering. Charity is inherently not self-sustaining, but there are problems in the world, such as natural disasters, that require charity.


• Philanthropy is much more. It comes from the Latin for “love of humanity.” Philanthropy is a desire to improve the state of humanity and the world. It requires thinking about the root causes of issues so that we can prevent tomorrow’s suffering.”

What do you think? And how does it react to the changing third sector landscape..?