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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Austin, Texas, is the top spot to be an entrepreneur, make movies, get fit, have a dog, and eat barbeque—but as recently as a decade ago we ranked near the bottom of per capita giving. While other Texas cities, like Dallas, Fort Worth, Houston and San Antonio, have a long history of philanthropy, ours was principally a university town and state capital. That is, until the 1990s when the limestone outcroppings west of downtown sprouted glass office buildings and became the “Silicon Hills.”

This week's Washington Snapshot came out a day early because the news was just too exciting to wait! In it you'll read about:

In conjunction with our 90th Anniversary, the Connecticut Community Foundation hosted our first online giving challenge, Give Local Greater Waterbury and Litchfield Hills in November 2013.

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.

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.

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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