Giving Compass' Take:

• Steve Wanta, writing for Medium, discusses four ways to strategize corporate social responsibility practices tailored to a company's mission.

• What are the challenges when developing CSR strategies for corporations?

• Read about what components make a successful CSR plan

How do we give away our time, talent, and treasure so that it simultaneously makes us a more profitable business?

The pursuit of profits does not create transcendent companies — seeking a higher purpose does. As well, the metric of a successful corporate foundation should not be the amount of money that it gives away.

These are 4 steps to defining a strategy that is uniquely designed for your company.

  1. Define your values.
  2. Do your research.
  3. Treat it like a business unit.
  4. Create value for all stakeholders.

Regardless of your cause, your company will no longer be making a donation, but rather an intentional investment in the world you want to live.

Read the full article on transcending CSR by Steve Wanta at Medium.