Category: Philanthropy

Introduction In the business and corporate world today, Corporate Social Responsibility (CSR) is a principle that is both expected and required from an ethical point of view. Organisations are required to fulfil CSR through four main elements, namely, economic, legal, ethical / moral and philanthropy. What is Corporate Social Responsibility Corporate Social Responsibility is a…

In his article titled The New Elites Phoney Crusade to Save the World Without Changing Anything Giridharadas argues it is becoming increasingly obvious that particularly within America, the capitalist system – otherwise the service machine of human progress – is broken, with rising levels of global inequality and the exceedingly disproportionate distribution of global wealth…

The world is at a pivotal moment for global development cooperation. While many stakeholders are brought increasingly into international development processes, philanthropy stands apart, despite the scale, ambition and potential of philanthropys contributions to international development. Its resources are growing as a proportion of total Official Development Assistance (ODA), and in 2011 philanthropic North-South flows…

Its etymology describes the motive and ambition to aid and to improve the progress and quality of living of others. In practice, philanthropy builds public good, by granting money to numerous causes and by supporting the less fortunate and unprivileged people. Promulgating philanthropy is a socially desirable initiative. From a utilitarian point of view, there…

The term Philanthropy means doing some or volunteering a charity work and strategic philanthropy refers to the organization which practices the charitable activities which are related to their business or a specific issue. Summary In the last decennia, the discussion around firms undertaking philanthropy has moved all the more overwhelmingly towards strategically motivated giving, where…

Abstract Despite the numerous amount of study done on the impacts of corporate philanthropy and corporate social responsibility from a businesss perspective, not enough attention is being paid on the communitys perspective. Corporate philanthropy could potentially result in intentional and/or unintentional negative consequences for the target beneficiaries. This paper will first define corporate philanthropy before…

Modern definitions of philanthropy According to Johnson (2016), philanthropy is defined as the love of mankind; good nature. It is the thing done for a good cause with a good heart to help someone. One old-fashioned view of philanthropy holds that it should simply alleviate individual suffering and do nothing more (Schmitt, 2015). In olden…

The definition of Corporate Social Responsibility (CSR) carries a level of ambiguity within the public and private sectors. Although authors are influenced by popular definitions there is a clear expectation among literaries that businesses should uphold a set of moral values and/or actions (Garriga & Mele, 2004). One of the most popular approaches to CSR…

Think back on history of presidents all the way to the very first, George Washington. What do almost all of them have in common? How about the Apollo 11 crew& What do they all share in common? Lets include the eighty percent of the top Fortune 500 companies too. Do you know what we get?…

These days, when we hear about philanthropists, people generally praise them and call them heroes or angels. When wealthy people use their money to help those in need, people are expected to give utmost gratitude and praise them for their selflessness. People or communities, more often than not, accept them wholeheartedly without uncertainties because of…