|
Greetings!
Corporate Social Responsibility (CSR) is rooted in the belief that businesses have a duty to address the impacts of their actions on the environment and the broader social fabric. It requires businesses to go beyond just harm avoidance and reduction to become an active force for good.
CSR is built upon the interdependence between corporations and local community needs. Businesses’ long-term success hinges on their ability to help create a healthy, sustainable, and more equitable world right in the communities they are located. There is a naturally symbiotic relationship between corporate interests and the work of nonprofits in local communities, and CSR policies assist in gently nudging companies towards this awareness and alliance building.
Corporate philanthropy plays a key role to help organizations fulfill their CSR commitments and help facilitate dollars to worthy causes. Often times dollars that would have been earmarked for Uncle Sam are redirected to something more pleasing to the corporate palate.
One of the easiest and cost-effective methods used to facilitate corporate philanthropy is through Corporate Donor-Advised Funds (DAFs). Corporate DAFs can be set up similarly to other employee benefit accounts such as a 401k plan. Under the corporate umbrella, each employee would establish their own DAF to make charitable contributions to. Most employers offer some level of donor matching, thus benefiting the employee by doubling their gift and also allowing the corporation a tax deduction for themselves.
In partnering with GlobalTrust Funds, no administrative burden falls to the corporation: we manage the record keeping and receipts for tax reporting on your behalf. We can also assist in processing gifts of appreciated stock, something very popular with executive-level and long term staff.
For more information or to set up a Corporate DAF just in time for year end giving, we welcome you to contact us.
| 
