NEW YORK, NY / ACCESSWIRE / November 29, 2022 / The strategic importance of corporate foundations in the current economy is stronger than ever with a new report by the Chief Executive Officer for Corporate Purposes (CECP). Company Foundation: Influential Design, I discovered that the corporate foundation is an important means within society and companies. This report is a handbook for companies looking to strengthen their foundations to become social innovation incubators. This report shares a framework to help you create your own foundational design for your company. From employee connectors to ChangeHis agents, relationship builders to GlobalHis ambassadors, the enterprise foundation creates transformational value.
U.S. corporate foundations have long served as institutional platforms for charitable giving by the world’s largest corporations. It was originally created as a means of distributing grants to a range of charitable causes. Today’s enterprise infrastructure strengthens the relationship between business and community, designing a unique enterprise foundation where a variety of strategic decisions collectively impact. A new research report reveals how corporate foundations are changing how companies understand their role in addressing society’s most persistent challenges.
This report covers the landscape, operations, strategy and innovation behind the enterprise foundation for practitioners. Key findings of the report show that corporate foundations:
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We provide an investment in the communities that matter. 80% of the world’s largest companies participating in CECP’s annual survey have at least one of his corporate foundations.
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Drive valuable employee engagement.
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Companies with foundations have more engaged employees than companies without foundations.
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4.5% increase in average volunteer participation rate
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0.5 hours more volunteer time per employee
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$700,000 higher median matching gift
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11.5% improvement in skill-based volunteer program delivery
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Twenty-eight percent of companies conduct all employee engagement (volunteering and matching gifts) through foundations, and another 45% use foundations for either volunteering or matching gift programs.
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We work with companies to respond to social challenges, public health crises and consumer demands.
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Community investments in the areas of health and social services and community and economic development programs were allocated more to companies with foundations than to companies without foundations.
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Support employee needs and passions through employee resource groups and employee assistance funds.
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Whether it is building regional partnerships in a company’s geographic footprint, building multi-stakeholder relationships in the supply chain, or piloting new approaches in changing company objectives and systems, companies can be more agile and more innovative. Provides location-based connectivity for
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Companies with foundations are more internationally distributed than those without foundations, with a median TCI international rate of 13.2% versus 10.1%.
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International investment is also high, with the median value of companies without foundations at $560,000 versus $3.76 million for companies with foundations.
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Prioritize Diversity, Equity, and Inclusion (DE&I) by focusing on the needs of nonprofit partners who provide flexible and reliable funding. Companies with foundations are much more likely to fund multi-year and general operating grants (62% and 60%, respectively) compared to companies without foundations (44% and 37%, respectively) High, this offers grantees the opportunity to experiment with new ideas.
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Integrate a company’s DEI and ESG strategies into its foundational strategy:
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On corporate foundation boards, 9% prioritize gender representation, 16% prioritize racial representation, and 20% prioritize both.
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Providing recession-proof budgets for corporate social engagement at a time when communities need it most. Corporate foundations provide flexibility in company transfers and charitable contributions, allowing them to be decoupled from yearly company financial activities.
“Corporate foundations today play a leading role in change. We are closing the gaps for people and regions that are underinvested in potash Niedfeldt-Thomas, Managing Director, Corporate Insights & Advisory, CECP“We have created this report to be essential reading for practitioners who are interested in foundations or who are deeply involved in the process. We have tried to create the definitive corporate foundation guidebook with answers, frameworks and actionable insights.”
This report facilitates how companies build or classify their current foundation. Four newly defined foundational archetypes: Community Allies, Employee Organizers, Business Networkers, Impact Drivers. Corporate foundations are categorized by pass-through, endowment, or hybrid sources of funding and have private tax status as grant or operating foundations, or public charities, but corporate foundations that benefit society are how is expanded.
Insights in this report come from CECP give in numbers Data, unparalleled benchmarking studies, databases and reports on corporate social investments in partnership with companies. His CECP pulse investigation into the corporate federation, an interview with the leader of the corporate foundation. Insight support and advice provided to CECP companies. Accelerate Community of CECP-affiliated companies on Futuagain of the corporate foundation.
CECP provides the tools, resources and support to take your donation, grant or social/community investment program to the next level. Built from unrivaled benchmarks, give in numbersTMsand our insights and best practices, CECP empowers CEOs and leaders to advance goals, metrics, scorecards, and strategies to create positive local, national, and global impact.
CECP thanks Bank of America and USAA for their sponsorship. Company Foundation: Influential Design.
CECP Media Contact
Katie Reaser
kleasor@cecp.co
About the Chief Executive Officer for Corporate Purposes
Chief Executives for Corporate Purpose® (CECP) are trusted advisors to companies on their journey of corporate purpose to build long-term sustainable value and tell their impact stories. CECP works with her CEOs and leaders in Corporate Responsibility, Sustainability, Foundations, Investor Relations, Finance, Legal and Communications to develop CEO-led coalitions and actionable insights to address stakeholder needs. are sharing.
Founded in 1999 by actor and philanthropist Paul Newman and other business leaders, CECP has $7.7 trillion in revenue, $37.4 billion in community investments, 14 million employees and 22.5 million hours of work. A movement by more than 225 of the world’s largest companies, including engagement, and $21 trillion in assets under management. By providing benchmarking and analysis, convening, strategy and communication in the areas of social/community investment, employee engagement, environmental social governance/sustainable business, diversity equity inclusion, and storytelling, CECP , helping companies transform their strategies.
See additional multimedia and ESG storytelling in CECP: Chief Executives for Corporate Purpose on 3blmedia.com.
Contact Information:
Spokesperson: CECP: Chief Executives for Corporate Purpose
Website: www.cecp.co
Email: info@3blmedia.com
sauce: CECP: Chief Officer for Corporate Purposes
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https://www.accesswire.com/729340/Corporate-Foundations-An-Essential-Innovation-Tool-for-Employees-Company-and-Community
