The Power Of Corporate Philanthropy
Corporate Philanthropy is a low-cost, profitable policy for any company in today's competitive environment.
Benefits for Associates
Feel proud to be associated with the company
Build/Promote a positive corporate culture
Build/Promote cross-functional teamwork
Benefits for the Bottom Line
Attract/Keep the best associates
Engaged employees generate more earning
Customers value good corporate citizenship
A recent Newsweek survey found that 76% of white collar workers said that they would "leave a company if their community service outreach program started to slip or was completely removed." In the same survey, nearly 85% of millenials stated that community service outreach programs "will highly impact which organizations they choose to create an employment relationship with."
Benefits for Customers
Customers value good corporate citizenship
Company is perceived to be in touch with local issues
Company is perceived to be part of the solution
Generates positive social media opportunities
"Consumers give more weight to a company's reputation than their products"
According to the Reputation Institute, 41% of consumer perception is based on "3 community service project relate factors: citizenship, workplace, governance."