The concept of corporate philanthropy is one whereby a company will give a portion of its revenues to philanthropic causes. It may be achieved as a direct project of the company or as a project from a specific philanthropic branch of it. The company can provide a variety of resources to be made use of for philanthropic causes.
More and more businesses are engaging in this practice. This is done to help those who require aid. This may also be of benefit for the companies themselves.
Charity funding actually gets into the millions of dollars in allocation annually. It is worthwhile to note that corporations do this because they gain something from it too. However, this does not mean that there are no charitable acts that are made without some kind of commercial profit-orientation.
The biggest donations are usually from the biggest companies, naturally. This is good for them too in many ways, not least be giving them public exposure. A good number of the present foundations that run on donations are attached to large corporations.
Most people know about Daniel Chavez Moran that he is a major philanthropist in Mexico at the moment. He is a retired entrepreneur from Mexico, with more than 30 years of great business successes. He is a great figure in the country's list of famed philanthropers too.
He has long believed in integrity in corporate dealings. He applies this philosophy not only within his workplace but also in his community. The man believes that it is in constructing both a strong and ethically-admirable group that one makes a company worth keeping.
This is what led to the creation of Grupo Vidanta. This is a group that was formed specifically to help people be more aware of the troubles afflicting the country. Such charities are good for companies in many ways, according to Moran.
The idea is said to benefit businesses by promoting customer loyalty, positive shareholder response, enhanced corporate reputation and increased employee commitment. The project can also spur workers to be more invested in what they are doing. There are also cases of heightened new customer influx after charitable events.
Another interesting and effective suggestion from Mr. Moran is the idea of giving employees time off to get them engaged at volunteers. This can be great for employees who really want to help others. Workers at Moran's company have also been advised to try to look for donatives where they can for various charitable shelters.
Chavez Moran has helped people learn more about proper business practices that do not involve cutting out the "little man" and about a more ethical sort of commerce. His works and ideas continue today and many business corporations have also been doing the same. Every businessman should consider engaging in charity at some point or other to aid the less fortunate in their lives.
Daniel Chavez Moran has been a good example to other businessmen in his success in balancing community work at the same time making profits. Visit here.
