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September 2011: Business and Corporate Philanthropy Blog

Posted By Kim Snipes, Thursday, September 8, 2011

ABAG's monthly digest of news, information and resources for businesses and corporations. Contact Kim Snipes, ksnipes@abagrantmakers.org for additional resources tailored to our business and corporate members.

The Business Giving Roundtable at the Association of Baltimore Area Grantmakers provides a forum for our business and corporate members to talk candidly about what is happening in your office and our region, discuss critical issues and build relationships with your grantmaking colleagues.

We encourage you to register for the final Business Giving Lunch of the year!

Reports, Research and Resources

"Technology is Focus of IBM Philanthropy"
Great profile of ABAG Board Member Sally Scott Marietta, Program Manager for Corporate Citizenship and Corporate Affairs at [ABAG Member]. Read the full article here.

"In Down Economy, Nonprofits Explore Profit-making Ventures"
The Washington Post
Nonprofits are not adorable, cute, little organizations that help the needy. At least that’s how chief executive of D.C. Central Kitchen Mike Curtin puts it when people try to shame his nonprofit’s earned-income ventures. Read the full article here

Making the Business Case for Corporate Philanthropy
Last month, I shared an article from the Harvard Law School blog about this report, released by the Conference Board in August. I encourage you to read the blog post and Director's Notes summary. If there is interest, ABAG would happily host an informal conversation about how locally - here in Baltimore - we are making the business case. Access to the full report is restricted to Conference Board members only.

9/11 Day of Service Map
I encourage you all to share your 9/11 service projects with the Business Civic Leadership Center, an affiliate of the US Chamber of Commerce. To view the map and learn how to share your projects, visit 911.bclcmaps.com.

Tags:  Business and Corporate Philanthropy  Business Giving Roundtable  Corporate Philanthropy  CSR  September 2011 Members' Memo 

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July/August 2011: Business and Corporate Philanthropy Blog

Posted By Kim Snipes, Tuesday, July 12, 2011


ABAG's monthly digest of news, information and resources for businesses and corporations. Contact Kim Snipes, ksnipes@abagrantmakers.org for additional resources tailored to our business and corporate members.

The Business Giving Roundtable at the Association of Baltimore Area Grantmakers provides a forum for our business and corporate members to talk candidly about what is happening in your office and our region, discuss critical issues and build relationships with your grantmaking colleagues.

 We encourage you to register for the upcoming Business Giving Lunches:

Reports, Research and Resources

"Business at its Best: Driving Sustainable Value Creation" is a June 2011 report co-authored by the Committee Encouraging Corporate Philanthropy (CECP) and Accenture which provides practical guidance from CEOs on how to implement a Sustainable Value Creation strategy.
"The Business Case for Corporate Social Responsibility" is a Harvard Law School blog post based on a Conference Board Director Note by Archie B. Carroll and Kareem M. Shabana, and relates to a paper by these authors, titled "The Business Case for Corporate Social Responsibility: A Review of Concepts, Research and Practice,” published in the International Journal of Management Reviews. Needless to say, it is not a light read, but topical as conversations continue about the efficacy and relevance of social responsibility in the business world.

News

"Rise in giving signals economic rebound" from The Washington Post about the recent release of Giving USA statistics on charitable giving.

Tags:  Business and Corporate Philanthropy  Business Giving Roundtable  community investment  Corporate Philanthropy  July/August 2011 Members' Memo 

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Costco v. The Rockefeller Foundation

Posted By Kim Snipes, Wednesday, June 15, 2011
Updated: Tuesday, July 5, 2011

ABAG's Eye on Philanthropy is a series of ongoing blog posts from ABAG's professional staff, each highlighting timely and relevant information useful to our grantmaking members and focused on the world of philanthropy. 

By Kim Snipes, Member Information and Operations Manager

Full disclosure: this blog post was due last Friday. 99% of the lateness is entirely my fault; however, I will say that I was dragging my feet because I didn’t have the inspiration for the right angle with which to write about our business and corporate members. Much to the delight of our very patient communications director, Buffy Beaudoin-Schwartz, the inspiration arrived this morning. My daily read of the paper led me to this article in today’s New York Times, "To Be Good Citizens, Report Says, Companies Should Just Focus on Bottom Line.” I hope this article will start a healthy conversation and debate (leave your comment at the end of this post), but it is clear to me that our business and corporate members do not limit their corporate citizenship to fulfilling the bottom line.

While a relatively small group, these members work daily to fulfill ABAG’s mission – "to improve community conditions.” Motivated by factors beyond marketing their brand, these businesses and corporations and the individuals charged with carrying out their philanthropic goals, invest in our region with the goal of leaving a different kind of footprint then that of a carbon nature. A vast majority of our members combine traditional corporate giving methods (sponsorship, United Way campaigns and other fund drives) with signature programs (Baltimore Raven’s Plan in Motion, Bank of America’s Neighborhood Excellence Initiative and PNC Bank’s Grow Up Great) and robust matching gift and employee volunteer programs (Verizon, Northrop Grumman and IBM).

Earlier this year, we welcomed our newest business member, Amy Bauer and CFG Family of Companies.I encourage you to read about their community involvement by clicking here.

ABAG’s business and corporate members gather quarterly for informal lunches where they control the agenda. Questions are asked, candid conversations ensue and opportunities for collaboration manifest themselves in a variety of ways. ABAG also authors a monthly blog specifically targeted at these members. Blog posts aim to collect relevant and interesting research, reports, local and national news items of interest and of course, encourage members to register for upcoming programs!

Back to the Morning’s Inspiration

In short, there is a new paper which states that companies should focus solely on the bottom line and that this focus will naturally generate public benefits. The paper goes on to say that corporate social responsibility programs and corporate philanthropy are inefficient strategies as they are not held accountable by a company’s bottom line. Instead, their primary goal is to "improve community conditions” or produce general social benefits for the community. According to the paper’s authors, these are "distractions.”

So, who "does more” for society (or "civilization” as Charles T. Munger said) - Costco or the Rockefeller Foundation? On the one hand, Costco provides jobs and an endless amount of skills, commerce and supply chains, not to mention packages of 500 sponges, 5 gallon containers of laundry detergent and butter sold in 5 lb. bundles. But the monetary and intellectual investment of the Rockefeller Foundation and other philanthropies, corporate and otherwise, are held accountable by a different bottom line. Benefit is not limited to only bringing money into the businesses’ door. Philanthropy, corporate social responsibility, good corporate citizenship, employee volunteerism, matching gift programs hold an intrinsic value that is not simply measured by its profitability but by measures that are sometimes harder to quantify but whose value exceeds earning statements and long-term profit margins.

I am proud that our business and corporate members operate in a manner more closely associated with the more broad definition of benefit and do not limit themselves only to earnings statements to measure their external benefit to society.

I invite your thoughts and encourage you to post a comment below. 

Tags:  Business Giving Roundtable  community investment  corporate  Corporate Philanthropy  CSR  Eye on Philanthropy  June2011MembersMemo 

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June 2011: Business and Corporate Philanthropy Blog

Posted By Kim Snipes, Tuesday, June 14, 2011
Updated: Wednesday, July 6, 2011


ABAG's monthly digest of news, information and resources for businesses and corporations. Contact Kim Snipes, ksnipes@abagrantmakers.org for additional resources tailored to our business and corporate members.

The Business Giving Roundtable at the Association of Baltimore Area Grantmakers provides a forum for our business and corporate members to talk candidly about what is happening in your office and our region, discuss critical issues and build relationships with your grantmaking colleagues.

We encourage you to register for the upcoming Business Giving Lunches:

Get out of the office and come join your fellow ABAG colleagues for our Summer Book Club. For a sneak preview of what to expect from this year's book, Do More Than Give read this quick article from CNNMoney written by the book's authors.

Reports, Research and Resources

At our last business lunch, Kelly Spilman of Legg Mason mentioned some learnings from the recent Corporate Philanthropy Summit, sponsored and organized by the Committee Encouraging Corporate Philanthropy (CECP), www.corporatephilanthropy.org.

Giving to international causes is the fastest-growing area of interest for donors, according to the study released today from Global Impact, whose mission is to assure help for the world’s most vulnerable people. Moving Beyond Boundaries reports that U.S.-based corporations and donors are increasingly generous in their international contributions to help people in need, even in the midst of current economic climate. Download the report >>

Local News

"Citi and The Citi Foundation's $25 Million University Research Initiative"
Over the next five years, the [ABAG Member] Citi Foundation will provide up to $25 million to leading universities conducting research on issues affecting the financial services landscape in the areas of innovation, technology, globalization and consumer behavior. Read the full release >>

Timely Topic/Just for Fun

"The centenarians square up"
Both IBM and the Carnegie Corporation will turn 100 this month. Has the multinational business or universal philanthropy done more for society? Read the full article>>

Tags:  Business Giving Roundtable  community investment  Corporate Philanthropy  CSR  June June2011MembersMemo 

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May 2011: Business and Corporate Philanthropy Blog

Posted By Kim Snipes, Monday, May 9, 2011
Updated: Wednesday, July 6, 2011


ABAG's monthly digest of news, information and resources for businesses and corporations. Contact Kim Snipes, ksnipes@abagrantmakers.org for additional resources tailored to our business and corporate members.

The Business Giving Roundtable at the Association of Baltimore Area Grantmakers provides a forum for our business and corporate members to talk candidly about what is happening in your office and our region, discuss critical issues and build relationships with your grantmaking colleagues.

We encourage you to register for the upcoming Business Giving Lunches:

From your ABAG colleagues

From Lara Hall:
On Friday, May 27th at 8:30-9:30, BVU will host the first of a series of monthly meetings between the Baltimore business community and Baltimore City Public School principals. Each month, business leaders will have the opportunity to meet an outstandingprincipal and learn about his/her school. The meetings are intended as open-ended conversations that hopefully will spark continued partnerships. The first guest principal is Kirk Sykes, a New Leader who heads Carver Vocational-Technical High School. Please make sure your corporate contacts are aware of this great opportunity to learn about schools first-hand. For more information, contact Sonali Nijhawan, BVU's Partnership Coordinator, at snijhawan@bvumaryland.org.

Reports, Research and Resources

"The Five Elements of the Best CSR Programs"
From Forbes CSR Blog, Paul Klein, founder of Impakt Corp., outlines five criteria that form a new blueprint for how corporations can maximize their investments in CSR: business-based social purpose, clear theory of change, quality and depth of information, concentrated effort, and partnering with experts.

BNY Mellon 2010 CSR Report
This marks the fourth Corporate Social Responsibility (CSR) report since BNY Mellon formally launched its current commitment to corporate citizenship in 2007. While their CSR initiatives continue to evolve and, in many cases, intensify, theiroverriding goal remains thesame: to choose where they can make a strong, positive impact on the world — and then make the most of that impact. How many of you publish a CSR Report and/or dedicate space in your Annual Report to your CSR activities?



Local News

"ABAG Announces 2011-2012 Newly Elected Officers and Board Members"
Newly elected board members include Karen Dixon, Associate Vice President for Community Affairs at CareFirst BlueCross BlueShield.

"Constellation Energy Remains Committed to Local Charitable Giving" [ABAG Member] Constellation Energy announced they will merge with Chicago-based Exelon Corp. but will maintain Constellation's annual charitable giving of about $10 million for at least 10 years.

"Kaiser Permanente Gives 4.2 Million to Mid-Atlantic Nonprofits" [ABAG Member] Kaiser Permanente gave $4.2 million to nonprofits in the Mid-Atlantic, including several in the Baltimore region.


National News

"How to Produce $8-Billion a Year in New Corporate Gifts" Recent opinion piece in The Chronicle of Philanthropy that advocates setting a minimum baseline for corporate contributions. Please share your own thoughts by commenting on this blog post!

Tags:  Business Giving Roundtable  community investment  Corporate Philanthropy  CSR  May2011MembersMemo 

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