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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In this week's Washington Snapshot:

For nearly 100 years, the California Community Foundation (CCF) has been defined by the diverse passions of the more than 1,700 donors who share a dream for a better future. CCF’s initiative, Building a Lifetime of Options & Opportunities for Men (BLOOM), exemplifies this passion by addressing some of L.A. County’s toughest challenges by bringing community and financial resources to the table to create possible solutions.

When we face a new challenge, one of our first instincts is to reach out to someone for advice. By collaborating, sharing resources, and discussing common challenges, you and your peers multiply your impact and advance the common good.

Many community foundations are recognizing that impact investing can be a powerful tool in our philanthropic toolbox. Mission investments are investments made by foundations to further their philanthropic goals. Since 2009, the Seattle Foundation has committed $4 million of its unrestricted endowment assets to extend access to capital and expand economic opportunities for low income communities in our county.

The Council on Foundations invites you to participate in the 2014 Grantmakers Salary and Benefits Survey, one of the most important and effective foundation management tools in the field. The survey collects information on benefits policies and practices, as well as compensation data for 35 positions at community, corporate, private, public, and operating foundations. The Council’s online platform, Benchmark Central (bmc.cof.org), enables survey participants to benchmark themselves against their peers by grantmaker type, asset size, state, or region.

At the White House last week, foundation executives, including the Council’s President and CEO Vikki Spruill, met with senior Administration officials for a roundtable on the future of impact investing. A complement to charitable giving and foundation grantmaking, impact investing offers a powerful opportunity to provide cash, loans, or equity capital to an organization, fund, or company that intends to generate measurable social or environmental impacts, alongside financial returns.

In this issue of Washington Snapshot:

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