Sarah Ford | June 6, 2014
Mid-Sized Businesses Often Fail to Connect the Dots on Corporate Philanthropy
By Eileen Cunniffe
Mid-sized companies, which represent about one-fourth of 精东影业n businesses, are actively engaged in corporate philanthropy, largely with local charities. Yet even as these companies move beyond 鈥渃heckbook philanthropy鈥 to broader involvement in causes, a report suggests many have not yet figured out how to reap the benefits of employee engagement in their communities.
A survey conducted by Business4Better shows that while leaders of many mid-sized companies are invested in the听idea听of corporate social responsibility (CSR), they have not fully grasped the potential benefits to both communities and employers of actively engaging employees in their philanthropic programs.
听is based on responses from 173 executives of mid-sized companies and highlights the following sometimes inconsistent trends:
- 听More than 75 percent of companies surveyed engage in CSR to impact their communities, not their bottom lines. Only 12 percent expect 鈥減rofitable ends鈥 from their community involvement.
- Mid-sized companies are still heavily involved in checkbook philanthropy, but are increasingly moving toward more comprehensive approaches to CSR, with 40 percent of those surveyed offering employees time off to volunteer and 30 percent engaged in providing听pro bono听蝉别谤惫颈肠别蝉.
- The CSR efforts of mid-sized companies tend to be 鈥渓ocal and people-focused,鈥 with two-thirds of their support staying within the same state as a company鈥檚 main office. Education, the environment, youth services, economic development, disaster relief, and arts and culture are among the areas most supported.
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