The Foundling Hospital was a children's home in London, England, founded in 1739 by the philanthropic sea captain Thomas Coram. It was established for the "education and maintenance of exposed and deserted young children." The word "hospital" was used in a more general sense than it is in the 21st century, simply indicating the institution's "hospitality" to those less fortunate. Nevertheless, one of the top priorities of the committee at the Foundling Hospital was children's health, as they combated smallpox, fevers, consumption, dysentery and even infections from everyday activities like teething that drove up mortality rates and risked epidemics. With their energies focused on maintaining a disinfected environment, providing simple clothing and fare, the committee paid less attention to and spent less on developing children's education. As a result, financial problems would hound the institution for years to come, despite the growing "fashionableness" of charities like the hospital.

Philanthropy is a form of altruism that consists of "private initiatives for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material gain; and with government endeavors that are public initiatives for public good, such as those that focus on the provision of public services. A person who practices philanthropy is a philanthropist.