The Oxford dictionary defines Philanthropy as "the desire to promote the welfare of others, expressed especially by the generous donation of money to good causes". Wikipedia says the origin of the word "philanthropy" is "love of humanity" in the sense of caring, nourishing, developing and enhancing "what it is to be human".
Zen Capital Management is committed establishing a Charitable Fund for Philanthropic purposes. We will commit at least 5% of the net Performance Fees generated by the firm to our Charitable Fund. Due to a high cost of establishment, the fund will be created with a $50,000 initial contribution once Zen Capital Management Management earns $1M in net Performance Fees.
For more information on Charitable Funds please visit Australian Philanthropic Services.