In these times of crisis, foundations have an opportunity to help by increasing their payout.
The payout decision should never simply default to the 5% floor. It should be a decision made annually that balances investment returns and inflation with the foundation’s charitable purpose and the timely needs of those it serves.
The COVID‐19 crisis is accelerating the transformation of business – one that solidifies the private sector mandate of a stakeholder‐first, rather than shareholder‐only, mentality. We’ve kept a pulse on this shift, brand action and stakeholder expectations, revealing that 75% of the U.S. public believes business must take action to protect employees, care for communities and support front-line workers in the fight against COVID‐19. Companies who have rapidly and authentically met this expectation demonstrate Purpose – at its finest.
Automaker Continues Feeding America® Partnership with New Pledge to Match Donations up to $150,000 for COVID-19 Response Fund
CAMDEN, NJ, April 28, 2020 /3BL Media/ – Subaru of America, Inc. announced it will sponsor NBC and Universal Television’s all-original “A Parks and Recreation Special,” a charitable telecast set to air Thursday, April 30 at 8:30 p.m. ET/PT, and will match consumer donations up to $150,000 to benefit Feeding America®’s COVID-19 Response Fund.
Since the COVID-19 pandemic reached India, the focus of NGOs and CSR funders has been—correctly—on addressing immediate relief activities, from providing supplies to migrants to giving targeted support to end-beneficiaries. However, this near-term work may have an unintended adverse long-term impact on NGOs, especially those with significant CSR funding.
Donation provides additional support to fight food insecurity in the company’s hometown
MEMPHIS, Tenn., April 27, 2020 /3BL Media/ – International Paper has made a $220,000 donation to Mid-South Food Bank to support year-round hunger relief efforts. The donation is above and beyond the company’s recurring $100,000 pledge to support the organization’s ability to respond to food insecurity in its 31-county service region.
Heard about that shortage of paper towels and toilet paper? Everyone’s social media feed has been filled with pictures of empty shelves and “Not Currently Available” labels in the Amazon store. But there actually is enough supply, and corporations can help ease it by donating some of the inventory they will not need to non-profits that are working directly with those negatively impacted by the fallout from COVID-19.
May 5th is just around the corner, and we wanted to ensure you knew about this groundbreaking day of giving and unity in support of communities affected by COVID-19. We also want to share the tools you need to make this day as successful as its December counterpart.
Begins 5-year sustainable partnership to provide improvements to critical healthcare facilities and WASH education to communities
RYE BROOK, N.Y, April 22, 2020 /3BL Media/ - Xylem Watermark, the corporate social responsibility program of global water technology company Xylem Inc. (NYSE:XYL), today announced it is partnering with Americares, a health-focused relief and development organization, to combat the spread of COVID-19. The new global partnership will deliver much-needed personal protective equipment, water and sanitation infrastructure repairs and WASH education to frontline healthcare facilities around the world.