Corporate Philanthropy refers to the investments and activities a company voluntarily undertakes to responsibly manage and account for its impact on society. It includes investments of money, donations of products, in-kind services and technical assistance, employee volunteerism, and other business transactions to advance a social cause, issue, or the work of a nonprofit organization. Corporate foundations and corporate giving programs traditionally play a major role in these areas.
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In this week's Washington Snapshot:
The Time to Engage is Right Now
When my colleague and fellow attorney Lara Kalwinski, Senior Counsel for Policy and Compliance and Executive Director of National Standards, and I both came to the Council on Foundations in 2013, we each had extensive experience with the Council’s books, newsletters, and other legal publications. In fact, we both relied heavily on these resources in our previous positions.
Realizing that it was time to begin updating them to incorporate changes in the law and other new information, Lara and I began to brainstorm about the best ways to deliver the information to our members.
The Council on Foundations, a member of the Global NPO Coalition on FATF, applauds the Financial Action Task Force’s (FATF) recent update to its counter-terrorism recommendation on NPOs, specifically grantmakers.
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This quarter's member update will focus principally on important issues related to foundation financial management and endowment performance. We will look in depth at the Council's recent research on endowments and preview our upcoming Endowments and Finance Summit in New York City. We will discuss how members might better understand their own institution's financial management and investment performance in broader context.
This post originally appeared as an op-ed in The Chronicle of Philanthropy on June 24, 2016 with the title "Brexit Vote Will Force Philanthropy to Tackle Many Tough Issues."
The vote for Britain to exit the European Union took philanthropy and the rest of the world by surprise. But it raises tough new questions about how grant makers should respond to political and financial turmoil and uncertainty.