Etymology

do well by doing good

Today it means: To achieve social acceptance or financial success as a result of behaving in a benevolent or charitable manner. Full definition →

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The story

The origin is unknown; in use since the mid-20th century. Although the phrase is sometimes attributed to Benjamin Franklin, the earliest documented usage is from Tom Lehrer's 1953 novelty song "The Old Dope Peddler."

Etymology from Wiktionary, CC BY-SA 4.0.