Giving Compass' Take:

• The Detroit News reports on a gathering of business executives in Detroit, where they discussed how the Motor City has made great strides in the field of Corporate Social Responsibility (CSR).

• The main takeaway here is the importance of cross-sector partnerships when it comes to CSR, and making sure that all stakeholders are fully engaged in the mission, whether it's affordable housing or diversity in the workplace.

• Here's more on what strategic CSR looks like for social good and financial gain.

You may have missed the memo, but top business executives from the largest companies in the U.S. descended on Detroit recently.

They wanted to learn from Detroit, specifically how business leaders made smart philanthropic investments and how this could be modeled elsewhere.

I had an opportunity to sit down with Quicken Loans founder and Detroiter Dan Gilbert, Jamie Dimon, CEO of JP Morgan Chase, and Alex Gorsky, CEO of Johnson & Johnson. We had a candid conversation about what kinds of community investments really pay off.

The Business Council is an exclusive, invite-only group of around 200 CEOs which meets three times a year to discuss a variety of topics. And for this meeting, the matter at hand was corporate social responsibility. While the gathering is typically held on the coasts, Detroit was chosen for the first time because the work that’s taken place here has captured the business community’s attention.

“Let’s highlight Detroit,” says Dimon, on the decision to hold the meeting here.

And Dimon knows firsthand what has worked in the Motor City. Banking giant JPMorgan Chase has made active investments in Detroit since 2014, totaling $150 million. Now the company is taking what it’s learned here and starting similar work in Chicago and Washington, D.C. Much of that money has gone to affordable housing, work skills, economic development, small business development and entrepreneurs of color.

Dimon says the most important lesson he learned in Detroit was that it’s essential to have a political partner. Both he and Gilbert spoke highly of the relationship they’ve forged with Mayor Mike Duggan and Gov. Rick Snyder, and the essential partnership among government, business and the philanthropic community.

Read the full article about why Detroit is a model for business altruism by Ingrid Jacques at Detroit Local News.