Corporate Giving Programs and Foundations

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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On May 18, 2016, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations.

Key Provisions

The Final Rule focuses primarily on updating the salary and compensation levels needed for Executive, Administrative and Professional workers to be exempt. Specifically, the Final Rule:

This report offers the most comprehensive information available on staff composition and compensation for U.S. foundations. The 2015 Full Grantmakers Salary and Benefits Report:

The Council on Foundations is pleased to announce the four new members of its board of directors, each of whom will serve for three years. Elected at the Council’s 2016 annual conference on April 11, Tonya Allen, the president and CEO of The Skillman Foundation, Jamie Merisotis, the president and CEO of the Lumina Foundation, Tony Mestres, the president and CEO of The Seattle Foundation, and R. Randall Royster, the president and CEO of the Albuquerque Community Foundation, join the Council’s 17-member board.

The Philanthropy-Joining Forces Impact Pledge today announced $7 million in new investments to strengthen services and support for millions of veterans and military families across the United States. With their commitments, PwC Charitable Foundation, Inc., Orange County Community Foundation, and CarMax and The CarMax Foundation join the 32 philanthropic organizations and corporations that have pledged since 2014. Through grants and other forms of support, nearly $283 million has been committed in the Impact Pledge to date.

The Council submitted a letter on March 31, 2016 in response to a request for information (RFI) issued in February by the Multistate Registration and Filing Project (MRFP)—an organization that works with the National Association of State Charity Officials (NASCO) and the National Association of Attorneys General (NAAG) to consolidate the information and data requirements of all states that require registration of nonprofit organizations performing charitable solicitations within their jurisdictions. 

Leaders from 42 foundations announced today that they have “banned the box” by adopting fair chance hiring policies or ensuring that questions about criminal convictions do not appear on applications for employment with their foundations. They also issued a challenge to all U.S. philanthropic institutions to follow suit and eliminate barriers to employment for people with arrest and conviction records.

Today, the Council on Foundations and the U.S. Department of Housing and Urban Development (HUD) launched the 2016 HUD Secretary's Award for Public-Philanthropic Partnerships. HUD and the Council are seeking nominations from charitable foundations working with the public sector to improve the neighborhoods and the quality of life for low- and moderate-income residents.

The Council on Foundations has named Hadar Susskind its Vice President of Public Policy, a new position intended to advance the Council’s public policy work on behalf of its members. Hadar joins the Council’s nationally recognized Public Policy and Legal Affairs team led by Sue Santa.

At a news conference on January 8, San Antonio Mayor Ivy R. Taylor and USAA Chief Executive Officer Stuart Parker announced USAA’s $2.1 million pledge to help end veteran homelessness in San Antonio. USAA’s pledge was inspired by the White House Administration’s Mayors Challenge to End Veteran Homelessness, which was announced by First Lady Michelle Obama in 2014 as part of the First Lady and Dr. Jill Biden’s Joining Forces initiative.