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Rapid Response: Corporate Citizenship and Philanthropy Stepping Up to the COVID-19 Challenge
As COVID-19 continues to spread throughout the world, efforts to “flatten the curve” are having a negative financial impact on companies across all markets. Nevertheless, our recent survey of leaders of corporate citizenship, corporate social responsibility, and philanthropy functions at companies headquartered in the US, Europe, and Asia found that they are stepping up to the challenge by: (1) using incremental funds to increase their overall charitable giving; (2) targeting donations to the most affected areas; (3) facilitating employee efforts by offering virtual volunteering opportunities and broadening matching gift programs; (4) adding employee relief funds (ERFs) and/or expanding eligibility for them; and (5) helping to sustain the nonprofit sector by unrestricting their existing grants to enable nonprofits to better manage their COVID-19-related challenges.
CORONAVIRUS (COVID-19) CONTENT
August 06, 2020 | CHARTS
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July 30, 2020
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