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132 posts categorized "Corporate Philanthropy"

Most Popular PhilanTopic Posts (June 2015)

July 01, 2015

Book reviews from two of our favorite contributors, a timely look at the future of community foundations from Silicon Valley Community Foundation president Emmett Carson, a thought-provoking post on the relationship between philanthropy and inequality by Foundation Center president Brad Smith, a cool infographic from CECP and the Conference Board, and great advice for nonprofits from Claire Axelrad and Bethany Lampland — all that and more helped make June the second-busiest month ever at PhilanTopic. Best of all, you've got a long holiday weekend to catch up on the good stuff you may have missed. Have a happy and safe Fourth!

Read, watched, or listened to anything lately that surprised or made you think? Share your find with others in the comments section below, or drop us a line at mfn@foundationcenter.org.

[Infographic] CECP - Giving in Numbers 2015

June 13, 2015

After a short hiatus, we're back with a new infographic, courtesy of CECP, a coalition of one hundred and fifty CEOs "united in the belief that societal improvement is an essential measure of business performance," and the Conference Board, a global business membership and research association. Based on an annual survey, it provides a nice snapshot of "social engagement" at 271 multi-billion-dollar companies, including 67 of the top 100 companies in the Fortune 500.

GIN_8x11_HighRes (1)

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Investing in Fundamental Science: A Grantmaker's Perspective

May 26, 2015

Harvey_v_fineberg_for_PhilanTopicA half-century ago, Gordon Moore wrote a paper in which he projected that progress in the density and speed of silicon chips would increase exponentially. In his paper, Moore envisioned how this would enable technologies ranging from the personal computer, to the smart phone, to the self-driving car. His prediction became known as Moore's Law, and it has held remarkably true for fifty years. At a recent celebration of the fiftieth anniversary of his seminal paper, Moore talked about the impact of his insight on modern technology and the crucial role of basic scientific research in making it come true.

Moore, a founder of Intel and chairman of the Gordon and Betty Moore Foundation, noted that the technological progress we have enjoyed over the last half-century was enabled by science education and basic research. While the opportunities for discovery have never been greater, commitment to and funding for science — from government, industry, and philanthropy — fall far short of what is needed today to accelerate progress into the future.

In 1965, when Moore enunciated his insights into the development of the microchip, the U.S. government invested about 10 percent of its budget in basic research and development. Today, federal funding for basic research has fallen below 4 percent. 

"I'm disappointed that the federal government seems to be decreasing its support of basic research. That's really where these ideas get started," said Moore. "Our position in the world of fundamental science has deteriorated pretty badly. There are several other countries that are spending a significantly higher percentage of their GNP than we are on basic science or on science, and ours is becoming less and less basic."

Once a hallmark of an innovation-focused American society, corporate labs are almost non-existent today. Coupled with cuts in government funding, the United States is in jeopardy of losing its lead in super-computing, cybersecurity, space exploration, energy, and health care, a recent report from the Massachusetts Institute of Technology finds.

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Weekend Link Roundup (May 9-10, 2015)

May 10, 2015

TulipsOur weekly roundup of noteworthy items from and about the social sectorFor more links to great content from and about the social sector, follow us on Twitter at @pndblog....

Climate Change

According to a report from the Asian Development Bank, the battle against climate change is likely to be won or lost in Asia's expanding megacities, which are poised to contribute more than half the rise in global greenhouse gas emissions over the next twenty years.

In a Q&A with the Nature Conservancy's Mark Tercek, Jerry Taylor, of the Niskanen Center, makes the conservative case for a tax on carbon tax. 

Corporate Philanthropy

On the Tech Crunch site, Kim-Mai Cutler reports on Salesforce Foundation head Suzanne DiBianca's efforts to spread the San Francisco-based cloud-based computing company's "1-1-1" philanthropic model" -- in which 1 percent of the company’s equity is set aside for philanthropic donations, 1 percent of employee time is earmarked for volunteering, and 1 percent of its products and services are donated to nonprofits -- to the tech startup scene in New York City.

Data Visualization

On the Fast.co Design site, Mark Wilson, founder of Philanthroper.com, reports  that the days of the truly creative infographic are over, killed -- like so much else -- by the smartphone, which now accounts for roughly 50 percent of the traffic on the World Wide Web.

Disaster Relief

Be sure to check out the report in The New Yorker by Prasant Jha, an associate editor at the Hindustan Times and a visiting fellow at the Center for the Advanced Study of India at the University of Pennsylvania, on the scale of the devastation in and around Kathmandu, the sprawling capital city of Nepal, which was struck by a magnitude 7.8 earthquake on April 25.  Elsewhere, the Asian Philanthropy Forum shares some helpful advice and a list of NGOs currently on the ground in Nepal, which will be dealing with the consequences of the disaster for weeks, months, and years to come.

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Calling the Piper’s Tune

April 28, 2015

Headshot_mark_rosenmanNonprofit endorsements for sale? That might be the takeaway when more than thirty charities in the District of Columbia write to government regulators in support of a popularly opposed regulatory action sought by a local funder, with many even lending their logos to full-page newspaper ads.

Pepco, a regional electric utility that serves the District (and mid-Atlantic region) wants to sell itself ­to Exelon, a national energy company with a poor reputation among environmental groups and consumer advocates. The overwhelming majority of the charities endorsing the acquisition in letters to DC's Public Service Commission (DCPSC) have a couple of things in common: they have no environmental mission or apparent expertise on energy issues, and they have received or benefited from Pepco philanthropic funding, which Exelon promises to continue for ten years.

The offered premium of 24 percent over market valuation is enough to convince Pepco to seek approval to sell its electric distribution network to Exelon. The opportunity to become the largest utility company in the country and use Pepco’s significant ratepayer base to dilute its nuclear electric generation investments is motivation enough for Exelon. But what’s in it for local charities?

A big part of the answer was summed up nicely by Meta Williams, the regional development director in the United Negro College Fund's Washington, D.C. Area Office. In a letter to D.C Public Service commissioner Brinda Westbrook-Sedgwick, Ms. Williams noted that Pepco and Exelon are important donors to UNCF, provide a great deal of support to other charities, and are admirable corporate citizens, making their plan worthy of endorsement. Yet, she went on to say in conversation with me that she had not considered environmental, energy, or related issues in deciding to write to the Public Service Commission, that policy was not made in her office, and that she was speaking only for UNCF's fundraising arm and not for the organization itself – none of which is clear from her letter.

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Weekend Link Roundup (April 11-12, 2015)

April 12, 2015

Lincoln_shotOur weekly roundup of noteworthy items from and about the social sectorFor more links to great content from and about the social sector, follow us on Twitter at @pndblog....

Corporate Philanthropy

Indiana Business Journal reporter J.K. Wall looks at how Eli Lilly & Co. is shifting its corporate philanthropy from an approach focused on social responsibility to one that emphasizes "shared value."

Fundraising

In a post for the Evelyn & Walter Haas Jr. Fund, writer and consultant Cynthia Gibson asks whether organizations that work to foster a "culture of philanthropy," a mindset in which "fundraising is seen less as a transactional tactic and more of a way of operating," are more likely "to boost their giving levels and donor retention; strengthen trust, cooperation and engagement among board and staff members; and align mission and program goals more seamlessly with revenue generation." What do you think? Click on over to the Haas Fund site to share your thoughts.

Governance

Long admired for its no-tuition policy, Cooper Union for the Advancement of Science and Art in Manhattan began in 2014 to assess incoming freshman a tuition fee of $20,000 — a decision that led to student protests and media scrutiny of the school's financial dealings. Earlier this week, New York State Attorney General Eric T. Schneiderman launched an investigation of focused on the Cooper Union board's "management of the school's endowment; its handling of its major asset, the iconic Chrysler Building; its dealings with Tishman Speyer Properties, which manages the skyscraper; and how the school obtained a $175 million loan from MetLife using the building as collateral." New York Times writer James B. Stewart reports.

Human/Civil Rights

On the D5 Coalition blog, Ben Francisco Maulbeck, president of Funders for LGBTQ Issues, shares some thoughts about what foundations can do to support LGBT communities in the wake of the "religious freedom" bill signed into law by Indiana governor Mike Pence.

International Affairs/Development

On the Global Dashboard blog, policy analyst and researcher David Steven looks at five ways co-facilitators have made the targets for the post-2015 Sustainable Development Goals worse.

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5 Questions for...David Barash, Chief Medical Officer, GE Foundation

March 05, 2015

David Barash, an emergency room physician, joined the GE family in 2010 as chief medical officer of the Life Care Solutions business, a division of GE Healthcare known for its technological innovation, and moved to the GE Foundation, which he serves as the chief medical officer and executive director of the health portfolio, in 2013.

Philanthropy News Digest recently recently spoke with Barash about the foundation’s global initiatives and plans for 2015.

Headshot_david-barashPhilanthropy News Digest: Over the past few years, the GE Foundation has earmarked a significant portion of its resources for Africa, with a focus on children and mothers. How did that programmatic focus come about?

David Barash: We started thinking about what we could do programmatically in Africa about ten years ago. Initially, the Africa Project was limited to in-kind donations of equipment. We soon realized, however, that simply donating equipment is a flawed strategy if you don't have people on the ground who can use and maintain that equipment. So we re-evaluated what we were doing and determined that our goals were really to help drive capacity building and strengthening public health systems in the region.

With that in mind, the two pillars of our grantmaking in Africa today are Millennium Development Goals 4 and 5, Reducing Child Mortality and Improving Maternal Health, and Safe Surgery in low resource settings — seeing what can we do to help provide safe surgical environments, primarily for pregnant mothers, but also for accident and trauma victims.

GE is known for is its lean Six Sigma approach and change acceleration process, what we call our CAP program. In working with health clinics here in the United States, for example, our teams are invited in to work with the clinic leaders, look at what is needed, ask clinic staff what they need, and provide the type of training GE leaders and executives get. In most cases, it's about the change process: here's what you can change, here's how we would suggest doing it, here are the things you need to look out for. We work alongside clinical staff to help them get where they want to go.

We use the same principles in sub-Saharan Africa, where hundreds of women die every day as a result of complications from pregnancy. A lot of those mothers are dying because there is limited access to safe anesthesia, which reduces the availability and increases the risk of C-section. One of our communities is Kisumu, in western Kenya, which before we got there had no anesthesiologists for a population of five hundred thousand people. We saw that and thought, "What if we can offer a simple intervention? What if we train nurses to deliver anesthesia independently of a physician or anesthesiologist?" If we trained X number of nurses, they could handle Y number of cases a day. Of course, there are other issues: you need to have operating rooms, you need to have clean water, oxygen — some of which we're delivering. But right now, without anesthesia, women are dying.

We had heard about Dr. Mark Newton, a physician from the U.S. who has been working at Kijabe Hospital, north of Nairobi, for fifteen years, training nurses to be nurse-anesthetists. He's been very successful and has been able to deliver extraordinary services and safe surgery in a very resource-poor setting. In a partnership with the Kenyan Ministry of Health, Dr. Newton and Kijabe Hospital, our local partner the Center for Public Health and Development, Assist International, and Vanderbilt University, we have established a robust program to train forty nurse anesthetists for Kisumu County.

PND: Jumping to the other side of the continent, the foundation provided $2 million to Partners In Health to address needs related to the Ebola outbreak in Guinea, Sierra Leone, and Liberia. Had you been active in West Africa prior to the outbreak?

DB: We have a significant presence in Nigeria and some in Ghana, but we have limited programs in the three countries most affected by the Ebola outbreak. However, as the news from the region grew dire, we started thinking about what we might do, and I asked our board to look carefully at the potential impact Ebola could have — not just on Africa, but on the global economy. Quite frankly, looking at what we could do to help those underresourced countries was the right thing to do and led directly to our commitment to Partners In Health.

We also looked at other ways we could help. For example, we established what we call the Ebola Business Response Team, which is looking at how GE businesses can have impact beyond just the cash contribution we’re making to Partners In Health. GE Healthcare is looking at what equipment might be useful, not only in the response to the current outbreak but in terms of strengthening public health infrastructure in Liberia, Sierra Leone, and Guinea. And we're talking to GE Water about some of the filtration systems they make and what we might be able do to strengthen water systems and infrastructure in all three countries, as well as GE Power and our healthcare software and global software businesses.

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Nonprofit Sponsorship: 3 Key Questions

February 04, 2015

Sponsorship_keyYou've probably heard the story of legendary criminal Willie Sutton, who, when asked why he robbed banks, responded, "I rob banks because that's where the money is." Now whether Sutton actually said that is debatable, but many fundraisers have picked up on the lesson — and Sutton's grasp of the obvious. You want money? Figure out who has it and who's "giving" it away.

One answer to the "who has the money" question is corporations. Often a nonprofit's first way "in" to a corporation is through its foundation or corporate giving program — philanthropic vehicles with which fundraisers are very familiar. But what about nonprofit sponsorship? About thirty years ago, "cause marketing" became a real avenue for major corporate brands to position themselves in a favorable way with their customers. Suddenly, companies were investing in nonprofits and nonprofit causes — not only to support those organizations, but to help build their own brand loyalty. It was a new way of thinking, a new approach.

Fast-forward to today. In 2014, corporate sponsors were projected to spend over $925 million on the arts alone (IEG Property Sector Spending Report, 2014). And the top three companies sponsoring the arts?

  1. Bank of America
  2. Wells Fargo
  3. JPMorgan Chase

As a result of the astronomical growth in sponsorship and cause marketing, many nonprofits have followed the "money trail" and ramped up their sponsorship efforts. This makes a lot of sense as organizations, no longer able to rely solely on funding from foundations, individual donors, and corporate giving programs, scramble for new sources of revenue.

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Spotlight on Philanthropy in Colombia

October 31, 2014

Headshot_AFEMaria The Asociación de Fundaciones Empresariales (Association of Corporate and Family Foundations) is a Colombia-based association that works to promote accountability among corporate and family foundations in the country, encourage the sharing of best philanthropic practices, and act as a collective voice for its members in order to achieve greater impact and contribute to social equity and sustainable development. Recently, the Foundation Center's Marie DeAeth spoke with Maria Carolina Suarez Visbal, AFE's executive director, about the impact of current and historical events on the country's philanthropic sector, the challenges grantmakers face, and the opportunities they have to move Colombia forward.

History

After a civil war in the mid-20th century, Colombia experienced more than fifty years of violence at the hands of the Revolutionary Armed Forces of Colombia (FARC), an "irregular military organization" that is still active in certain rural areas of the country. The country also has had to deal with violence perpetrated by drug cartels that help drive the global cocaine industry. "Violence, corruption, guerrillas, paramilitary groups, drug cartels — all are present in Colombia and have definitely affected the different sectors of the economy, including the philanthropic sector," says Sra. Suarez. "At the moment, the country is engaged in a peace-building process in which we all have to be prepared to accept many changes. Nonprofits are not immune to this, and, indeed, they have an important role to play in a post-conflict situation."

The problems in rural areas are a big challenge for those engaged in philanthropic work, Suarez notes, particularly as the government is trying to negotiate a peace settlement with the FARC and civil society in the country remains focused on the process. Peace-building in rural areas is important to many AFE members, and they, almost uniquely in Colombia, have the human and social capital, knowledge, and capacity to empower and strengthen rural communities. As Suarez notes, "These challenges confirm that we must go into territories beyond where the foundation's family is from or where the foundation's parent corporation is located."

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[Infographic] Corporate Philanthropy: The Win-Win

October 25, 2014

As we reported earlier in the week, a new report from CECP shows that while giving by corporations in the U.S. increased between 2010 and 2013, the rate of growth in giving slowed. Based on a survey of two hundred and sixty-one companies, the report, Giving in Numbers: 2014 Edition (54 pages, PDF), found that the rate of increase in median total giving among companies which gave at least 10 percent more in 2013 than in 2010 — about half of the companies surveyed — fell from 21 percent in 2011 to 17 percent in 2012 to 6 percent in 2013. And among all other companies, median total giving fell 6 percent in 2013, the largest drop in that metric since the end of the Great Recession.

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5 Questions for...John Kordsmeier, President, Northwestern Mutual Foundation

October 21, 2014

In August, the Northwestern Mutual Foundation marked the two-year anniversary of its Childhood Cancer Program, an initiative to raise awareness of pediatric cancer and generate additional funding for research on treatments and a cure, by announcing a $900,000 grant to the Alex’s Lemonade Stand Foundation. Earlier this month, PND spoke with John Kordsmeier, the foundation’s president, about the program.

Headshot_john_kordsmeierPhilanthropy News Digest: When did the foundation decide to focus on childhood cancer? Describe the process that led to that decision.

John Kordsmeier: Over the years, we've supported a number of causes in our hometown of Milwaukee and have provided assistance for families and individuals in the surrounding communities. In 2012, we refined our strategy and created a vision that identifies tangible social outcomes where we can make the greatest impact through our funding and the volunteerism of our employees. To help us realize that vision, we reviewed more than fifty social issues and narrowed the list to issues that are closely aligned with the company's support of children and families. We then further narrowed the list based on feedback from employees and company leadership.

As a result of that process, today childhood cancer is our signature cause. Cancer is the leading cause of death by disease in children under the age of 15 in the United States, yet research on pediatric cancer remains underfunded compared to other cancers. We're focused on accelerating the search for a cure for childhood cancers and helping children and their families receive the assistance they need to fight this terrible disease.

PND: The foundation commissioned a national survey of childhood cancer researchers in the fall of 2013. What did you learn from the survey?

JK: We commissioned the survey so as to better understand the state of childhood cancer research. Among other things, the survey found that one in five respondents – 21 percent -- would consider leaving the field of childhood cancer research and that their number one reason for leaving was lack of funding. More than a third of respondents – 34 percent – know a colleague who is considering leaving the field in the next two years, and of those who know a researcher who is considering leaving the field, the top reason, again, is lack of funding. Seven in ten respondents know of a researcher whose project is in danger of not getting additional funding, while nearly four out of five are concerned that future advances in finding better treatments and cures for childhood cancer will suffer due to lack of new researchers going into the field. Overall, nine in ten respondents are concerned that researchers are not pursuing research in childhood cancer due to a lack of funding.

Childhood cancer research is a field filled with hope, passion, and promise. There are research projects under way that have the potential to help children. That is why Northwestern Mutual is committed to increasing research funding to find life-saving cures for this disease.

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5 Questions for...Bekeme Masade, Executive Director, CSR-in-Action

October 10, 2014

As part of a new International Data Relations series that engages with executives, leaders, and country experts on philanthropy and the social sector from around the globe, Sue Rissberger, liaison for Africa and Asia in the International Data Relations department at Foundation Center, spoke with Bekeme Masade, executive director of CSR-in-Action in Nigeria. In the Q&A that follows, Masade shares her perspective on the philanthropic sector in Nigeria and explains how CSR-in-Action, a social business networking platform and advisory enterprise in Lagos, is helping to drive collective social action in the country -- and Africa more generally.

Foundation Center began working in Nigeria in 2013, and Bekeme has played a pivotal role in providing local expertise to inform the center's initiatives. One of those initiatives is a new Web portal, set to launch this fall, designed to highlight the efforts of philanthropy in Nigeria and provide resources for those interested in helping to build the capacity of the country's social sector.

Headshot_bekeme_masadeSue Rissberger: How is the philanthropic and nonprofit sector defined in Nigeria?

Bekeme Masada: The philanthropic sector in Nigeria is broadly comprised of actors who give and receive goodwill. Organizations who receive goodwill include orphanages and institutions that support the physically and mentally challenged and, more recently, the "empowerment" of vulnerable groups. These actors are often supported by corporate organizations as part of their corporate social responsibility efforts. Religious organizations in Nigeria, such as churches and mosques, are an example of actors distributing goodwill by channeling their resources and efforts to support social causes, including the refurbishment of schools and the provision of potable water by donating bore holes to their host communities.

The nonprofit sector in Nigeria, on the other hand, is mostly defined by foundations and nongovernmental organizations, with the latter often supported by businesses as part of their corporate social responsibility efforts. It is common practice for businesses in Nigeria to support a specific cause by financially supporting an NGO, or sometimes a public institution like a school. More often than not, though, there is no clear distinction between NGOs and foundations, as smaller foundations often engage in the same kinds of activities as NGOs. In fact, only a handful of Nigerian foundations are engaged in grantmaking activities – primarily those owned by wealthy individuals and a few that are directly owned by a for-profit business.

SR: There are now five Funding Information Network partners located in four cities in Nigeria: Abuja, Lagos, Kano, and Port Harcourt. What is your vision for how these Funding Information Network partners can service civil society organizations in Nigeria?

BM: These partners will serve as primary sources of information on philanthropy for Nigerian civil society organizations within their respective geopolitical zones. We envisage a system where CSOs use the Funding Information partners to identify grantmaking organizations, develop their proposal writing techniques, and apply for international or local grants. A primary challenge to the effective usage of these partners, though, is publicity. The degree to which partners in the network are utilized will depend on the amount of publicity they receive.

We believe there is an information gap with respect to available grant opportunities in the teaching/thought leadership space. Knowing this, Funding Information Network partners could be of service to actors beyond the stratum in which civil society organizations traditionally operate.

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Weekend Link Roundup (March 15-16, 2014)

March 16, 2014

Gopher_I_LiedOur weekly roundup of new and noteworthy posts from and about the nonprofit sector. Enjoy....

Communications/Marketing

Guest blogging on Nancy Schwartz' Getting Attention blog, Julie Brown, program director at the Findlay-Hancock County Community Foundation in Ohio, shares the steps she and a colleague have taken over the last year to achieve "storytelling success" and boost donor engagement at the foundation.

Community Improvement/Development

On the Huffington Post's Black Voices blog, Ashley Wood, Detroit editor for the HuffPo, takes a closer look at the hipsters-are-taking-over-Detroit narrative and uncovers a fascinating (and more nuanced) conversation. As Meagan Elliott, an urban planner and Ph.D. candidate in sociology at the University of Michigan, says at the end of the piece: "I think everyone is open to change. That's what makes the conversation interesting. Everyone recognizes that things need to change here."

Corporate Philanthropy

In Fast Company, Stephanie Vozza explains why every company should pay its employees to volunteer.

Data

Writing on the Stanford Social Innovation Review blog, Foundation Center president Brad Smith looks at the three types of data (transactional, contextual, impact) foundations need and suggests that "for strategic philanthropy to realize its true potential, foundations need to learn how to manage information (data) to produce and share knowledge. Doing so," adds Smith, "will depend on changing internal incentive systems, in which foundations employ static data primarily as means for approving strategies and monitoring grants."

Giving

Nice infographic on the npEngage site illustrating highlights of Blackbaud's 2013 Charitable Giving Report. Click here to download (registration required) a copy of the report, which includes overall giving data from 4,129 nonprofit organizations representing more than $12.5 billion in total fundraising and online giving data from 3,359 nonprofits representing $1.7 billion in online fundraising.

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Weekend Link Roundup (November 23-23, 2013)

November 24, 2013

Holiday_cornucopiaBrrrr. The weather outside is frightful. Good evening to stay indoors and catch up with this week's best posts and articles from and about the social sector....

Aging

Every day in America, 10,000 people turn 65 -- and that won’t stop for the next 22 years, Robert Egger, founder of the DC Central Kitchen and CForward, reminds us in the Nonprofit Times. Is your nonprofit ready? To answer that question, you have to understand three things:

  1. Members of the current "older generation" are a prideful generation and tend to avoid asking for charitable assistance, even when it is a right;
  2. In their earning years, they were more financially responsible and prone to saving money and avoiding credit card debt; and
  3. The charitable sector is struggling to meet current demand.

If your nonprofit is "struggling to serve the current 'hesitant to ask/got a little set aside' older generation," Eggers adds, "what happens when a new generation of elders -- a generation with less money set aside for their later years, who are less hesitant to ask for support, and more demanding in expectations -- begins to show up?" What happens, indeed.

Corporate Philanthropy

CECP has released Giving Around the Globe (20 pages, PDF; registration required), an analysis the global contributions of multinational companies in 2012. According to our story in PND, the sixty companies included in the report gave a total of $6.8 billion in cash and non-cash donations in 2012, with median giving of roughly $29 million. The survey also found that companies tended to favor giving in neighboring countries and emerging markets, with India topping the list of countries receiving contributions from the most companies, followed by Canada, China, and Mexico.

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Valley Boys

November 08, 2013

(Andrew Grabois is manager of corporate philanthropy at the Foundation Center. In his last post, he wrote about the addition of corporate sustainability data to Foundation Directory Online.)

Women_on_tech_boardsMuch has been written about Twitter's IPO -- including analyses of the social media company's revenues, profits, share price, and even the stylistic turns of its S-1 prospectus. What you don't see, however, are articles or blog posts lamenting the complete absence of corporate philanthropy at the company. After all, Twitter, as the company's execs write in its prospectus summary, has "democratized content creation and distribution, enabling any voice to echo around the world instantly and unfiltered." With such an empowering, public-spirited mission, why should Twitter -- or any Silicon Valley high-flyer, for that matter -- concern itself with charitable giving or other aspects of corporate social responsibility?

The answer is that Twitter will never truly "democratize content creation and distribution" until it practices what it preaches. In that respect, it has a ways to go. For instance, more than a few people have noticed that Twitter doesn't have any women on its board of directors. And it's not alone. A well-traveled infographic created by Jim Cooke of Gawker shows that Twitter is one of four tech companies without a single female on the board -- and the other dozen companies included in the infographic scarcely do better. Taken together, the companies on Gawker's list averaged slightly more than one out of ten (13 percent) women on their boards, with those sitting at least one woman averaging closer to two out of ten (17 percent). Abysmally low, to be sure, but only marginally lower than the 14 percent reported by GMI Ratings in 2013 for S&P 1500 public companies and the 17 percent for Fortune 500 companies in 2012 as reported by Catalyst.

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