Trends in International Corporate Philanthropy
In the 2012 STRATEGY for GOOD SUMMIT interview with Susan Hyatt of CORE THOUGHT, Margaret Coady, Director of the Committee Encouraging Corporate Philanthropy, shared CECP’s findings from Giving in Numbers, an annual look at corporate philanthropy that tracks the methods and amounts of corporate giving over time with analysis of the underlying reasons behind major corporations’ philanthropic actions. Members of CECP who are all ‘global 500’ chief executives, concern themselves with how they can align their companies with both social goods and profitability. CECP offers a variety of events and programs to encourage ‘global 500’ corporations to do more for the countries and communities in which they operate.
CECP is the founder of annual International Corporate Philanthropy Day (ICPD), held the last Monday of February. ICPD is a day to focus attention both among corporations on corporate giving to highlight what companies are up to, the impact they’re having, and milestones that have been reached. It’s also meant to be a chance to collect best practices from companies to create awareness for the story of corporate giving and then to create encourage a dialogue about what’s working, what’s not working, and how it can be made better.
- CECP is working on a standard definition for what counts as a charitable gift that can be used globally and doesn’t use any one country’s definition as a starting point.
- Many companies do not systematically collect data on their inputs to the community. People want to jump into talking about the impact of their giving. However, it’s not just how much you gave, it’s about the good that you were able to achieve. It’s very hard to know or even start to think about what impact you’ve had, if you don’t know what you did.
- There is an increase in the level of sophistication among consumers in terms of their expectations for business, as well as a sophistication on the part of companies in many countries to understand what programs work, which programs don’t work, and how they can start to have better impact.
- One of the unique assets of corporate givers is they have employees who have a real interest in the health of their communities and have great skills that they’ve honed in their work that can be useful to bring to bear on social issues. CECP sees companies really looking at how to structure and manage employee engagement and skills-based volunteer projects to unleash the talents of their employees during the business hours or off business hours to help nonprofit partners.
- Many companies are increasingly aligning the core resources of their business and their philanthropy with the larger business strategy. No longer setting aside what the company does best when doing its philanthropy.
- A misconception of collaboration is that you can divide the amount of work by however many people are in the collaboration. Everyone in a collaboration should probably expect to do 75% or 80% of the work because collaborations generate more work than when they’re not in them.
For more information on the 2012 STRATEGY for GOOD SUMMIT and to access all session materials from eat of the 28 speakers, go to: STRATEGY for GOOD SUMMIT.











