Philanthropy

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Philanthropy

The practice of a wealthy individual or corporation giving money to charity or other programs designed to help others. The term is most applicable when the individual or corporation starts his/her/its own programs. For example, Bill Gates established the Gates Foundation to perform a variety of philanthropic activities such as agricultural development and the establishment of libraries.
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This is especially important, I've found, at larger corporations where employees may get lost in the shuffle otherwise and not become involved in corporate giving opportunities because they don't have a voice in how they want to give back.
A strong corporate giving program also can help businesses recruit and retain workers, she said.
Such trends are analyzed in the national report, "Giving in Numbers: 2013 Edition," which offers senior executives a tool to analyze and grow their own companies' corporate giving programs.
The research, The Charities Trust Future for Corporate Giving Report, analysed community investment trends and aspirations to identify the likely route for growth.
A $25,314 grant made possible by Weyerhaeuser Corporate Giving was awarded to Cossatot Community College of the University of Arkansas.
The company's program of corporate giving emphasizes the power of investing time in giving back to the communities where it does business and encouraging employees to do the same.
Wilmer Shields recognizes and encourages excellence in communications by foundations and corporate giving programs, while Scrivner honors grantmakers who, with a combination of vision, principle, and personal commitment, are making a critical difference in a creative way.
Many charities, however, face a double challenge at times of economic hardship as their income is hit by a decline in personal and corporate giving, whilst demand for their services increases.
The contribution was made through Fougera Cares, the corporate giving program of Fougera, PharmaDerm's sister division.
The businesses may provide charity, but have not tied their corporate giving to their companies' strategic goals neither have they identified non-financial contributions to community development."
In many Saudi family businesses, it is the second and third generations, the children and grand-children of the great patriarchs, who are now not only assuming leadership, but also control of their charitable and corporate giving programmes.

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