Answer:
Corporate philanthropy is when a company donates money, resources, or time to support charitable causes or engage in socially responsible activities. It involves businesses giving back to the community or addressing social and environmental issues.
Examples of corporate philanthropy include:
- Donating money to nonprofit organizations or charities.
- Providing employees with paid volunteer time to engage in community service.
- Supporting educational initiatives by funding scholarships or school programs.
- Sponsoring and participating in environmental conservation efforts.
- Offering in-kind donations, such as products or services, to those in need.
- Creating social impact programs, like building affordable housing or feeding the hungry.
- Corporate philanthropy is a way for companies to demonstrate their commitment to social responsibility and make a positive impact on society.