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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In 2012, 40 percent of participating companies anticipated an increase in their corporate giving, with 18 percent planning a reduction and 42 percent anticipating no change in contribution levels, according to the report.
Team member donations and volunteer hours are calculated separately and not counted as part of Wells Fargo's corporate giving program.
The world of corporate giving has long been a challenge for nonprofits to penetrate," said Lynn Christie, vice president for business development at the Foundation Center.
Corporate giving is a longtime tradition tracing back to 1913, the year the bank was founded.
The company's corporate giving and sponsorship aids such groups as the Family Pride Coalition, the Richmond Organization for Sexual Minority Youth in Virginia, HRC, and the Susan G.
Partners in Caring, is a charitable foundation made up of people from the business community whose main goal is to raise money for charity through innovative, self-funded corporate giving.
org), a conservative nonprofit that studies corporate giving, has found that businesses regularly give huge chunks of change to the very protesters who would bring them harm.
Nonprofit organizations can no longer count on the double-digit growth in corporate giving that has characterized the past five years.
This generosity has rippled into the corporate arena, as well, Nationally charitable corporate giving was up 14.
Parr of American corporate culture since the industrial age, traditional corporate giving has taken the form of charitable gifts or grants from a company-sponsored foundation or direct giving from a corporate giving program.
Today corporate giving is a business-driven strategy that is endorsed and even demanded by stakeholders," says Carol Stavraka, an editor for responsibility.
Corporate giving to right-wing groups has steadily increased as private sector leaders have seen the effectiveness with which conservative think tanks, and their armies of credentialed "experts," advance business interests in the political arena.

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