Giving Thoughts

Apr
27
2016

Q&A with Myung Lee: How Companies Can Help Unlock the Potential of their Cities

By Alice Korngold, Co-Editor, Giving Thoughts Blog, and Author, A Better World, Inc.: How Companies Profit By Solving Global Problems… Where Governments Cannot, and Myung Lee, Executive Director, Cities of Service

More than half of the U.S. population lives in cities. Municipal services, therefore, are determining the quality of life for many Americans. At the same time, companies help define cities, and their employees and customers often call cities their home. This presents an opportunity and incentive for companies to support cities and their mayors in addressing the challenges they face, whether it is through financial support, skilled employee engagement, or long-term partnership.

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Apr
19
2016

Skills-Based Corporate Volunteering in Asia

By Dr Rob John, Visiting Senior Fellow, National University of Singapore Business School, and Advisory Board Member, The Conference Board Initiative on Corporate Philanthropy

President Obama’s “United We Serve” campaign, a nationwide service initiative that helps meet the growing social needs resulting from the economic downturn, has boosted an already popular practice—volunteering. According to the latest Bureau of Labor report, nearly a quarter of Americans, 62.8 million people, volunteered for a nonprofit at least once during 2015. Much of this donation of time and skills takes place within the context of the workplace, with businesses increasingly organizing volunteer activities for their employees.  Academic studies in the U.S., looking at why people volunteer, what impact it has on them, nonprofits and companies are burgeoning, but much less is known about corporate volunteering across Asia.

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Apr
12
2016

The Conference Board China Center “Quick Take”: China’s New Charity Law

By Anke Schrader, Senior Researcher, and Minji Xie, Research Analyst, The Conference Board China Center

China’s first comprehensive charity law was passed last month by the National People’s Congress. It intends to provide a comprehensive set of rules to govern and promote China’s rapidly evolving charitable sector. To date, the sector has been governed by a set of conflicting and vague regulations. The Charity Law will go into effect on September 1, 2016, and will supersede all previous laws regulating the charitable sector.

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Apr
07
2016

Philanthropy Can Be Instrumental in Growing Your Company’s Value

By Alice Korngold, Co-Editor, Giving Thoughts Blog, and Author, A Better World, Inc.: How Companies Profit By Solving Global Problems… Where Governments Cannot

Your corporate philanthropy program should be designed to help achieve your company’s foremost objectives. For many companies, these goals include growing demand for your products in emerging markets, building a more diverse consumer base to grow market share, and attracting and retaining a significantly larger workforce in a challenging environment.

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Mar
29
2016

Corporate Venture Capital for Social Impact: Medipass

By Dr Rob John, Visiting Senior Fellow, National University of Singapore Business School, and Advisory Board Member, The Conference Board Initiative on Corporate Philanthropy

In my previous post, I introduced the idea that some companies are using corporate venture capital (CVC) to invest in businesses that intentionally create environmental or social value. I also featured a case study about the Pearson Affordable Learning Fund (PALF), which invests in “novel educational innovations with commercial potential.” Today’s post continues the theme of CVC, looking at the Italian healthcare company, Medipass.

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Mar
22
2016

Corporate Venture Capital for Social Impact: Pearson PLC

By Dr Rob John, Visiting Senior Fellow, National University of Singapore Business School, and Advisory Board Member, The Conference Board Initiative on Corporate Philanthropy

In my series of working papers on Asian philanthropy, published by NUS Business School, we’ve most recently been looking at how corporate philanthropy in Asia has been influenced by new models of giving and the opportunities afforded by the rise of social enterprise.  In coming months, I’ll be sharing some of what we’ve found. Today, we start with a look at corporate venture capital for social impact, including a case study from Pearson. In my next post I will present a case study from MediPass.

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Mar
16
2016

Q&A with Lisa Frison: Using Art to Connect with Diverse Audiences at Wells Fargo

By Stacy Lasner, Business Committee for the Arts Coordinator, Americans for the Arts, and Lisa Frison, Vice President and African American Segment Strategy Leader, Wells Fargo

Earlier this month, Giving Thoughts published a Wells Fargo case study from the recent report Better Together: Why a United Front Can Propel Diversity and Inclusion and Corporate Philanthropy. The piece looked at how diversity and inclusion forms part of the company’s strategic framework. As a follow up, today’s post is a Q&A with Wells Fargo’s Vice President and African American Segment Strategy Leader, Lisa Frison, who explains the role arts play in helping Wells Fargo connect with diverse audiences.

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Mar
08
2016

How Data Can Drive the Road to Better Education

by Cindy Cisneros, Vice President of Education Programs, Committee for Economic Development of The Conference Board, and Aimee Guidera, President and CEO, Data Quality Campaign

The business community has a long history of partnering with schools and advocating for better education policy to help all students succeed, and with good reason. To meet the demands of a 21st-century knowledge economy, America needs the next generation to be its best and brightest. But today, half of incoming ninth graders in urban, high-poverty schools are already three years or more below grade level. Our country’s 15-year-olds rank 26th for math, 21st for science and 17th for reading among their global peers. We can’t reach that goal of student success for all without leveraging quality information to help every student excel.

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Mar
01
2016

Wells Fargo: Philanthropy Is Part of Diversity and Inclusion Strategic Framework

By Alex Parkinson, Senior Researcher and Associate Director, The Conference Board

Because diversity and inclusion is tightly woven across the business, Wells Fargo’s enterprise diversity and inclusion function works with many other parts of the business, including human resources, marketing, and supplier diversity. Its goal is to “ensure that we [Wells Fargo] value and promote diversity and inclusion in every aspect of our business and at every level of the organization.” As part of its advocacy goals, the company focuses on how it conducts business and builds relationships in the community.

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Feb
24
2016

For the Love of… Why Philanthropy Should Support the Arts

By Teresa Zolnierkiewicz, Head of Philanthropy Segment, ANZ Global Wealth

As a philanthropy adviser, I am often asked why philanthropy should support the arts, when there are many other urgent and practical causes.  I think there is an easy utilitarian equation that is often formed around philanthropy (see, for example, this Giving Thoughts Q&A with Peter Singer regarding “effective altruism”). In instances where benefits and measures are immediate and observable in the short term, and cause and effect can be even superficially linked, it is effortless to argue that this sort of giving is the most “important” or “valuable” philanthropy. But immediate benefits are not the same as impact.

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Making Sense of Social Impact Bonds for Companies

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