The figures reported by FTSE 100 companies show that there has been an increase in corporate giving since 2007. During that time, more than twice as many companies have increased their charitable donations than decreased them, and overall donations have increased at a faster rate than pre-tax profits. A survey by CAF of large corporations showed that companies with the highest turnovers are significantly more likely than others to be engaging in corporate responsibility (CR) activities.
We define philanthropy as the giving of resources in an engaged and strategic way for maximum impact and in a tax efficient manner. It can include the giving of money, assets, time, talent, voice and one’s social capital. We believe in the power of philanthropy as a great social connector and the source of many great opportunities.