Tips for Integrating Corporate Philanthropy

The business experts at Corporate Business Solutions remind business owners that corporate giving has become the norm in our modern society. In fact, donating time and resources can be a crucial part of a viable business strategy. In addition, becoming a better corporate citizen nurtures good will that can accumulate other benefits. Some business owners assume integrating corporate philanthropy costs considerable money, however, it doesn’t have to cost more than you can afford.  

Establishing corporate philanthropy can be a challenge for business owners, so many industry leaders are turning to the professionals at Corporate Business Solutions for help. If you’re looking to establish corporate giving, here are some tips to begin the process: 

• Start with a solid enterprise- Sound business practices make for ideal philanthropic planning. Having a stable organization, even if profits aren't soaring yet, will ease the process of incorporating giving.
• Cultivate a strategy - Philanthropy starts with an idea and one of the first steps is developing a strategy around giving.  Determine what issue or issues will the company be addressing and why, what form will the philanthropy take, precisely how that will be accomplished, the long-term goal and how that all fits into the company's core values.
• Establish philanthropic objectives - Philanthropy has a number of forms, not just monetary ones, so the key is to find a donation structure that melds with the company's identity and plays off its strengths. Non-cash options include donating products and services, such as volunteering based on the company's unique skill sets.
• Become part of your community - Successful philanthropic endeavors are built steadily over time. The impact comes not just from which organizations receive funding, but also the development of positive, lasting relationships between companies and their communities.
• Partner with the right-fit charities - When looking for a nonprofit to partner with, take a close look at the organization's leadership, programs, activities and strengths, as well as the associated risks. Do research by assessing their track record and financial stability.

To learn more and / or to schedule your complimentary appointment with the business experts at Corporate Business Solutions, call us at 877-357-9366.