Etymology
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munificence (n.)

"quality of giving or bestowing liberally or lavishly," early 15c., from Old French munificence, from Latin munificentia "bountifulness, liberality, generosity," from stem of munificus "generous, bountiful, liberal," literally "present-making," from munus "gift or service; function, task, duty, office" (see municipal) + unstressed stem of facere "to do" (from PIE root *dhe- "to set, put").

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Definitions of munificence

munificence (n.)
liberality in bestowing gifts; extremely liberal and generous of spirit;
Synonyms: largess / largesse / magnanimity / openhandedness
From wordnet.princeton.edu