Corporate Charitable Giving
"The results of philanthropy are always beyond calculation." - Miriam Beard What is corporate philanthropy?
Corporate philanthropy is a key component of a corporation's broader social responsibility and includes cash gifts, product donations and employee volunteerism. It serves as a major link between the corporation and the communities it serves. What benefits does corporate philanthropy provide?
Corporate philanthropy can benefit companies in a number of ways: Benefits to the business: • Enhances corporate reputation • Improves relations with government, the community, and key stakeholder groups • Supports a company's strategic business goals • Enhances brand recognition • Attracts better employees and increases retention • Helps create healthier communities for business viability • Increases employee and customer loyalty • Strengthens relationships with customers, clients, and vendors • Provides human and capital resources to nonprofit organizations that may be helping employees and their families Benefits to stakeholders (employees, management team, shareholders, etc.): • Builds employee morale and engagement • Develops future workforce contributing to a sustainable company • Provides employee/management training and skill building (e.g. project and time-management, leadership opportunities, teamwork activities, etc.) • Increases understanding of co-workers and appreciation for diversity • Enlarges sense of community and social obligation • Encourages appreciation for contributions from all levels within the organization • Increases pride and responsibility Benefits to the community (local and global): • Improves quality of life for community members • Provides human and capital resources to nonprofit organizations that may be helping employees and their families • Assists in alleviating community social issues • Enhances the impact of monetary contributions directed into the community • Creates healthier communities Source: http://www.creatingloyalty.com For more information
For more information on corporate charitable giving, please email or call the Friends of St. John's at (217) 544-6464, ext. 45160. * The information contained in this website is for informational purposes. You should seek advice from your personal legal or tax advisor to determine your individual tax benefits.