Final answer:
Charitable donations by corporations to nonprofit organizations are described as corporate philanthropy, which is part of a company's broader corporate responsibility and is aimed at improving societal outcomes.
Step-by-step explanation:
Charitable donations by corporations to nonprofit organizations describe corporate philanthropy. This is an expression of a company’s commitment to contribute to the welfare of the community through donations of money, resources, or time by the company and its employees. Such contributions are made to various non-profit organizations that can include welfare groups, hospitals, schools, and civic organizations.
These nonprofit entities are structured to serve the community and provide goods and services aimed at improving outcomes in areas like education, health, or social well-being, without the intention of making profits. Corporate philanthropy helps companies to reinforce their corporate responsibility by aligning their values with that of their stakeholders, thereby positively impacting society while often enhancing their own reputation among consumers.