Essay On Corporate Philanthropy

The Benefits of Corporate Philanthropy

When a corporation gives back to its local community and the world at large, it is making a sound investment in its long-term financial success. Unbelievably, today, some executives criticize corporate giving because it uses company resources, and they think it is more beneficial for management than for stockholders. However, according to the Harvard Law School Forum, there is a preponderance of academic research that shows a positive connection between corporate social responsibility and a strong financial performance. One example is the corporate giving by Patrick Dwyer Merrill Lynch and his family foundation. The top issue today is corporate giving to social services.

A company may not like to publicize

It may also give the company first access to talented graduates.

Education

Education is one area that covers all of the above advantages of corporate philanthropy. The main reason for this is the wide area educational giving can cover. For example, companies can donate to existing schools in depressed areas, fund programs for specific groups such as girl education in developing countries, fund programs for children who require special education such as dyslexia, ADHD and short-term memory deficits among other learning difficulties.

A good education is a fundamental part of the development of a person, no matter what culture, gender or religion. There are children all over the world who need the chance for a good education. Innovation in education is one way forward for corporations because many future jobs don’t even exist yet, but children need fundamental grounding in capacity building. Top companies are learning that the more they do for education, the more demand there is for their help, and everyone gets smarter about innovation I education. It is considered a cycle of