Do You Have a Corporate Philanthropy Strategy?
Developing a strategic process for corporate philanthropy decision-making can boost a company’s social impact and competitive edge.
Corporate philanthropy spending reached new heights in 2021, exceeding $21 billion in the U.S. alone and marking a 24% increase over the previous year.1 These contributions, which traditionally focused on supporting galleries, museums, and shiny new buildings, have gained a higher profile in corporate decision-making. While management scholars have long pointed out the importance of corporate philanthropy, businesses’ approaches to it vary widely, and few have fully integrated it into their corporate ...
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