6 Major Shifts in Corporate Philanthropy, New Report Finds

6 Major Shifts in Corporate Philanthropy, New Report Finds:



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Corporate philanthropy increases workers' productivity -- ScienceDaily

Corporate philanthropy increases workers' productivity -- ScienceDaily: "Corporate philanthropy increases workers' productivity
Date:
January 6, 2015
Source:
University of Southampton
Summary:
Working to benefit a good cause increases productivity by up to 30 percent, according to the findings of a new study. When workers are given a social incentive such as a charitable donation linked to their job, performance increases by an average of 13 per cent, rising to 30 per cent amongst those who are initially the least productive, the researchers say."



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Corporate philantrophy taking a new path

Corporate philantrophy taking a new path: "This is pure philanthropy," he said, describing why his company is providing its building and funds to the Philadelphia Outward Bound School for its fund-raiser.

By the time the event ends Friday, 130 people will have rappelled down the side of One Logan Square to raise between $200,000 and $250,000 for the group, which organizes outdoor expeditions to teach team-building, leadership, and courage to young people, many from the region's poorest neighborhoods.

But experts say corporate philanthropy is usually about more than just philanthropy.

"There has to be credibility and"



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Is the Death of Corporate Philanthropy Exaggerated? - NPQ - Nonprofit Quarterly

Is the Death of Corporate Philanthropy Exaggerated? - NPQ - Nonprofit Quarterly: The end of corporate philanthropy was predicted in a post on the Forbes Leadership Forum. Paul Klein, who heads business and civil sector consulting group Impakt, encourages any corporations who are giving away their hard-earned dollars to charity to stop.

Klein, admittedly, doesn’t go as far as Milton Friedman famously did, saying that the only responsibility of a business was to make a profit, or as Jamie Whyte implied even more stingingly in the Wall Street Journal, “Corporate philanthropy is theft.” However, Klein spares no punches when it comes to charities. He recommends they “can address the loss of 5% of their revenue by reducing costs, improving efficiency.” (Those who argue that charities should spend more on overheads will wince at that uppercut.) The five-percent figure quoted is the corporate contribution to nonprofit income.

Husock on Crony Corporate Philanthropy - NPQ - Nonprofit Quarterly

Husock on Crony Corporate Philanthropy - NPQ - Nonprofit Quarterly: What is interesting in this new article of Husock’s in Forbes, where he is a regular commentator, is his concern for “crony philanthropy,” which he defines as “corporate philanthropic donations made to funds or causes designated or directed by elected officials.” Nonprofit Quarterly has raised this concern for years, going back to the charities established and more or less run by elected officials, beginning with our investigative piece on political charities such as then Congressman Tom DeLay’s DeLay Foundation. Our big investigative piece, “One for the Money, Two for the Show: Nonprofits as Conduits for Political Influence,” became an op-ed in the Washington Post, “Giving That Is All About Getting.”

What’s Next for Corporate Philanthropy? Expertise, Not Money | The Exchange - Yahoo! Finance

What’s Next for Corporate Philanthropy? Expertise, Not Money | The Exchange - Yahoo! Finance: Corporate philanthropy was once defined by the checks a company wrote to charities. But money, while critical, is only one of many assets a company can bring to bear – and often times, it is far less powerful than the skills and capabilities that companies can draw from their business operations and apply to solving big social challenges. That is why increasingly global corporations are rethinking their approach to corporate responsibility, evolving toward a model in which traditional donations are supplemented by innovative programs and initiatives that tap into the core strengths of the business.

How Local Events Shake Up Corporate Philanthropy — HBS Working Knowledge

How Local Events Shake Up Corporate Philanthropy — HBS Working Knowledge: A recent research paper shows that enormous events like the Olympics lead to a dramatic, albeit relatively short-term increase in otherwise steady charitable-giving patterns among firms that are headquartered in the event's host city. Natural disasters also have a strong effect on firms' giving patterns, according to the study Punctuated Generosity: How Mega-events and Natural Disasters Affect Corporate Philanthropy in US Communities, which was published in the March issue of Administrative Science Quarterly.

Big Businesses Won’t Increase Giving in 2011 - Corporate Giving - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

Big Businesses Won’t Increase Giving in 2011 - Corporate Giving - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Charitable giving by the America’s biggest companies will probably be flat in 2011, after a sharp rebound in 2010, according to a Chronicle survey of 180 of businesses.

Cash giving rose by 13 percent, a relief to charities after the recession caused a decline of 7.5 percent by companies in 2009."

Small-Business Guide - Giving Back Even When Your Company Is Struggling - NYTimes.com

Small-Business Guide - Giving Back Even When Your Company Is Struggling - NYTimes.com: "By the end of 2008, some 60 percent of small-business owners like Mr. Gumas reported that the economic downturn had affected their charitable giving, according to a study whose sponsors included The Chronicle of Philanthropy, a newspaper that covers nonprofit organizations. Tough times have compelled small-business owners like Mr. Gumas to rethink long-held business practices. But many are finding creative ways to continue their support for good causes — a practice that can have positive side effects. Here are some suggestions based on the experiences of small-business owners."

If Your Company Is Giving Away Money, Make It Worthwhile | Fast Company

If Your Company Is Giving Away Money, Make It Worthwhile | Fast Company: "Back in the day, there were rarely candid conversations between funders and their grantees. But that's improving, at least with regard to corporate funders. Today, in the era of corporate social responsibility (CSR), many corporate funders and their nonprofit grantees are beginning to engage in meaningful discussions in order to learn from each other, benefit each other, and accomplish meaningful results for the community. Corporate executives, especially those who are involved on nonprofit boards, gain a great deal of perspective from nonprofits about leadership, as well as global and regional issues, such as water, poverty, workforce development, disaster relief, economic development, among others."

Peterson Says $1 Billion Goldman Gift Is Minimum to Calm Anger - Bloomberg.com

Peterson Says $1 Billion Goldman Gift Is Minimum to Calm Anger - Bloomberg.com: "Oct. 29 (Bloomberg) -- If Goldman Sachs Group Inc., the most profitable securities firm, decides to make a major charitable donation, it would take “at least $1 billion” to mollify anger over bonuses paid to its employees, billionaire philanthropist Peter G. Peterson said."

Art Van caps off 50th year at charity event | Detroit Free Press | Freep.com

Art Van caps off 50th year at charity event | Detroit Free Press | Freep.com: "Art Van Furniture capped a year of giving for its 50th anniversary with a gala celebration featuring a cirque performance group, live music and gourmet food and cocktails. The $1 million raised from the ticket sales is to go to charity."

Altria employees give $2.4 million to local nonprofits | Richmond Times-Dispatch

Altria employees give $2.4 million to local nonprofits | Richmond Times-Dispatch: "OHN REID BLACKWELL TIMES-DISPATCH STAFF WRITER
Published: September 26, 2009

In a tough environment for nonprofit fundraising, 90 local organizations recently were awarded grants totaling $2.4 million, thanks to employees of Altria Group Inc.

Employees of Henrico County-based Altria, the nation's largest tobacco company, donated the money through the Altria Companies Employee Community Fund."

Priorities of corporate philanthropy in the Bay Area

Priorities of corporate philanthropy in the Bay Area: "I recently had the opportunity to speak with top brass from VISA, Inc. and Wells Fargo Bank, two global businesses headquartered in San Francisco. Executives from both companies expressed guarded optimism about their corporations' ability to help meet charitable needs in the Bay Area."