The Benefits of Strategic Philanthropy
Thursday, April 22nd, 2010Do you want your company to be more involved in the community but are having difficulty making the case for business giving in this economy? Check out the following benefits of strategic philanthropy that your company can also tap into. You can “Do Good AND Do Well.”
STRATEGY – Instead of just throwing money here and there, we now have a deliberate strategy that directs our efforts for maximum impact.
VALUES – Our company’s philanthropy is a way for us to demonstrate our values are heartfelt and go beyond just making a profit.
INTEGRATION – Our giving is now integrated across our departments and locations to leverage more impact in the community and strengthen our internal cohesion.
VISIBILITY – Our strategic giving program sets our company apart from our competition. We have gone from being “just like everyone else” to doing something remarkable that makes a difference.
SALES – Consumers like to know the products and companies like ours that they invest in are doing good with their money. Our customers do business with us because they see that we care about the community.
MEDIA – Our community involvement and giving have helped us get invaluable attention from the media – we couldn’t have afforded the great positive buzz this generated for our company.
IMPACT – We were able to create a sound business case for this program. It’s not just feel good fluff, but work that creates a win/win – for our company’s bottom line and the community.
PRODUCTIVITY – Our employees feel good about being part of something larger than themselves. Because they feel pride in our company and themselves, they are more productive in their jobs. “We work for a company that cares.”
MAXIMIZE – We are now clear where and how to focus our scarce resources to do the most good in the community.
RESULTS – We actually know how we are going to measure the results of our giving programs.
What can your business do to give back? How can your give back program be in alignment with your core products or services and company values? If you can use assistance in being more strategic with your giving program, contact me at shyatt@BNConnections or 303-512-0808…I can definitely help!
Business philanthropy (also called community involvement) is becoming more widely recognized as an essential component of business strategy for companies of all sizes – not just the Fortune 500. Americans’ expectations of companies are at an all-time high. Supporting causes is no longer a “nice to do,” it is a “have to do.” There has been a major shift in the value equation: good business used to be primarily about providing quality products/services at a fair value. However, this is no longer sufficient for you to be truly competitive in today’s marketplace. Your company must develop deep and meaningful emotional connections with your stakeholders by taking a stand on issues that are relevant to both your business and target audiences. Sharing your resources including time, expertise, products/services, dollars, and networks is one way to be a “good business citizen” and show your commitment to being part of the solution to issues of our time.


