Giving Compass' Take:
- Chart Westcott discusses some of the benefits of corporate philanthropy for the company, their employees and the communities they live in.
- How can funders encourage impactful corporate social responsibility?
- Read about implementing four pillars of corporate social responsibility.
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There are numerous surprising benefits of corporate philanthropy to both the receiving community and the charitable company. More and more companies are making social responsibility a top priority. By giving back to the community, a company gets back in multiple ways.
The community gets help during tough times, and in return, the charitable organization enjoys tax deductions and an improved reputation.
Here are some of the many benefits of corporate philanthropy:
1. Attracts Top Talent
2. Company Reputation
3. Improve Employee Productivity and Engagement
4. Employee Health Benefits
5. Protect Local Community
The main aim of corporate philanthropy is to make a difference in people’s lives. A company can make its local area a better place by donating to causes that improve community wellbeing.
Read the full article about 5 benefits of Corporate Philanthropy by Chart Westcott at Thrive Global.