5.24 Include Organizational Philanthropy Policies
For-profit organizations have clear philanthropy policies and practices in place to help non-profit organizations build digital capacity and acumen while also engaging their own teams in meaningful work that promotes shared learning and stretch goals.
Criteria
- Philanthropy Policy: The organization has a clear corporate giving policy and creates philanthropic partnerships with strategically aligned organizations.
- Voluntary Work: The organization engages in free or volunteer projects, which help its team learn new tools and tactics, while also helping charities and non-profit organizations build capacity.
Impact
High
Effort
Medium
Benefits
- Operations:
Organizations with clear philanthropy strategies that include volunteer or free projects with team stretch goals can have higher employee engagement and retention. - Economic:
Organizations with clear philanthropic strategies often have a system of checks and balances in place that support better overall financial practices.
GRI
- materials: High
- energy: High
- water: High
- emissions: High
Example
- The corporate philanthropy practices of Mightybytes.
Resources
- 1% For The Planet
- 7 business benefits of employee volunteering
- Side Project Programs Can Have Major Benefits for Employers
- United Nations [SDGS] Goal 1 (Poverty)
- United Nations [SDGS] Goal 3 (Health & Well-being)
- United Nations [SDGS] Goal 4 (Education)
- United Nations [SDGS] Goal 8 (Economics & Work)
- United Nations [SDGS] Goal 13 (Climate Change)
- What is Chicago Cause?