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 2008, during the Obama Administration’s transition, Valerie Jarrett, now Senior Advisor to President Obama, was the featured speaker at a Council Policy Forum. She asked foundations to become partners in the social innovation agenda the incoming Administration was committed to incorporate into its policies and programs. The Policy Forum attendees responded positively, and in an effort to provide a coordinated response, the Council organized a formal public-philanthropic partnership initiative.

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