Giving Compass' Take:

• On Medium, Brasada Capital Management's Eric Samek talks about the importance of corporate giving. It goes beyond just tax write-offs — it's dollars and sense.

• From boosting company morale to positive marketing, there are many practical reasons for businesses to align with philanthropy. But making the world a better place should always be Motivation No. 1.

• Here's what Corporate Responsibility directors need to know about activism.

Entrepreneurs are one of the most impactful groups of people involving themselves in philanthropic work. In a report released by the Fidelity Charitable Gift Fund and Ernst & Young, it was revealed that 89 percent of CEOs and founders donate to charitable causes personally or through their company. Moreover, 70 percent of the group surveyed also admitted to giving their free time to charities and nonprofit organizations.

For entrepreneurs, getting involved with philanthropies means more than a tax write off. No matter how big or small a business is, all entrepreneurs can benefit from philanthropy. The following are the top benefits that entrepreneurs and businesses gain from philanthropy.

By business and entrepreneurs taking interests in their communities, it can have a positive effect on employee morale. Good morale is a critical component in the success of a business, and by giving back to the community, it can improve employees’ view of leaders in the business. In a 2016 study conducted by Deloitte, millennials are more than twice as likely to rate their workplace culture more positive if the company participated in volunteer activities.

Read the full article about why supporting philanthropies creates good business by Eric Samek at medium.com.