Corporate philanthropy

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Corporate philanthropy refers to the allocation of organizational resources toward social causes, in the form of money (financial support), goods (in-kind donations), or time (employee volunteering). What is understood to constitute a social cause varies. Companies may support the provision of public goods, such as offering financial support to a museum or volunteer time to clean local parks, or the alleviation of social ills such as child leukemia or bilharzia, often by allocating resources to global NGO partners like the Red Cross. Corporate philanthropy is sometimes understood as a facet of a broader “corporate social responsibility,” or CSR, whereas others challenge this notion by differentiating between corporate philanthropy’s “one-off check writing” versus more systematic forms of companies’ social engagement, such as efforts to reduce their carbon footprint.
Original languageEnglish
Title of host publicationOxford Bibliographies in Management
EditorsRicky W. Griffin
Place of PublicationNew York
PublisherOxford University Press
ISBN (Electronic)9780199846740
Publication statusPublished - 30-Oct-2019

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