Corporate Philanthropy has become an integral part of Corporate Governance and gained importance in the present scenario across the globe. Philanthropic activities in companies are also regarded as best practices in management for measuring corporate values and efficiency. Philanthropy is an age old tradition in India. Religiousness and philosophical bent of mind paved way for the corporate to show inclination in making society its partner in their corporate wealth as it is the society from whom the very corporate have gained. A descriptive study of the world-wide philanthropic activities is also embodied in the work. The sector-wise, state-wise and region-wise analysis has been extensively done in the study. The method of study adapted in the work is universally applicable, while the scope of study is limited to the Bombay Stock Exchange 200 companies in India.