Strategic Philanthropy Explained

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Questions and Answers

Which of the following best describes strategic philanthropy?

  • A company's charitable activities that aim to increase the well-being of mankind while providing financial benefits. (correct)
  • A marketing tactic that involves partnering with any organization.
  • Donating money without expecting any benefit in return.
  • A business strategy focused solely on maximizing profits.

Strategic philanthropy is primarily about direct and immediate financial gains for the company.

False (B)

Name two popular terms associated with strategic philanthropy.

Cause-related marketing and community partnering.

Strategic philanthropy is a positioning that ______ your company with a not-for-profit organization or cause.

<p>connects</p> Signup and view all the answers

Which of the following is NOT a benefit that a business might receive from strategic philanthropy?

<p>Guaranteed increase in stock prices (A)</p> Signup and view all the answers

Strategic philanthropy requires forming a relationship with a non-profit organization.

<p>True (A)</p> Signup and view all the answers

How does strategic philanthropy enhance brand awareness for a company?

<p>By associating the company with a positive cause, it remains in consumers' minds when making purchasing decisions.</p> Signup and view all the answers

According to the content, corporations can be important ______ of funding for non-profit organizations.

<p>sources</p> Signup and view all the answers

What is a primary benefit for employees who participate in workplace volunteer activities?

<p>They are more likely to be loyal and satisfied employees. (B)</p> Signup and view all the answers

Efforts to support employee volunteerism never include providing paid time off for volunteer activities.

<p>False (B)</p> Signup and view all the answers

What generation is particularly keen on organizations active in philanthropy and service?

<p>Millennial generation.</p> Signup and view all the answers

According to a 2015 Deloitte Millennial survey, __ in 10 Millennials say they chose to work for their current employer because they felt a sense of purpose there.

<p>6</p> Signup and view all the answers

Which company offers its employees 40 paid hours per year for volunteer activities?

<p>Timberland (B)</p> Signup and view all the answers

Volunteer and philanthropy programs always develop through the efforts of the IT department.

<p>False (B)</p> Signup and view all the answers

What are three considerations for Human Resources when creating a volunteer program?

<p>Select appropriate causes, set activity guidelines, and keep it voluntary.</p> Signup and view all the answers

The Philippine Business for Social Progress (PBSP) is the largest ______-led NGO in the Philippines.

<p>business</p> Signup and view all the answers

Which strategy does PBSP adopt to scale up impact and address complex, systemic problems?

<p>Collective Impact (C)</p> Signup and view all the answers

The NutriSapat, Batang Angat program is only focused on providing dietary supplements.

<p>False (B)</p> Signup and view all the answers

What dietary support duration is given for the undourished children under the NutriSapat, Batang Angat program?

<p>120 days</p> Signup and view all the answers

The NutriSapat, Batang Angat program promotes ______ (Food Always In The Home) gardening.

<p>FAITH</p> Signup and view all the answers

Until what age does the NutriSapat, Batang Angat program focus on contributing to the reduction of stunting and wasting among children?

<p>Five years of age (C)</p> Signup and view all the answers

The Water Alliance aims to accomplish two-year targets.

<p>False (B)</p> Signup and view all the answers

In what year did PBSP launch the Water Alliance?

<p>2015</p> Signup and view all the answers

The Philippines is anticipated to have severe water shortage in major river basins by ____.

<p>2025</p> Signup and view all the answers

Through funding support from the members, the Water Alliance provided 39 communities including schools with potable water systems worth PhP_________.

<p>81,000,000</p> Signup and view all the answers

What does the Bayanihang Pampaaralan program primarily focus on?

<p>Capability building of public schools. (D)</p> Signup and view all the answers

The Department of Education (DepEd) closed the classroom gap in 2001.

<p>False (B)</p> Signup and view all the answers

Name an initiative of PBSP implemented as a platform to generate private sector constituency that supports education reforms.

<p>Bayanihang Pampaaralan</p> Signup and view all the answers

The Bayanihang Pampaaralan donated ingredients for Baking and Pastry Production Course at ______ North High School Main.

<p>Pasay</p> Signup and view all the answers

The BRODGe Project stands for:

<p>Brokering Business Investments in the Bangsamoro to Achieve Inclusive Development and Growth. (D)</p> Signup and view all the answers

The BRIDGe Project promotes exclusive business practices.

<p>False (B)</p> Signup and view all the answers

Which region of the Philippines can attest to the success of the BRIDGe Project?

<p>Autonomous Region in Muslim Mindanao (ARMM)</p> Signup and view all the answers

The BRIDGe project developed the Business Sustainability Framework, serving as a guide for future ______.

<p>investors</p> Signup and view all the answers

Match the following corporate philanthropy programs with their primary focus:

<p>NutriSapat, Batang Angat = Health and nutrition Water Alliance = Environmental sustainability Bayanihang Pampaaralan = Education BRIDGe Project = Livelihood and economic development</p> Signup and view all the answers

What is the primary goal of corporate social responsibility as expressed in the Recurring Activity?

<p>To simultaneously fulfill economic, legal, ethical, and philanthropic responsibilities. (A)</p> Signup and view all the answers

Strategic values are irrelevant to a company's decision-making processes.

<p>False (B)</p> Signup and view all the answers

Identify a key strategic value emphasized in the recurring activity related to business operations.

<p>Identifying key stakeholders.</p> Signup and view all the answers

A company's corporate social responsibility entails the _________ fulfillment of its economic, legal, ethical, and philanthropic responsibilities.

<p>simultaneous</p> Signup and view all the answers

An organization that leverages the talent and passions of its employees to catalyze its community investment strategies likely operates at which level of corporate citizenship based on the skills-based volunteerism model?

<p>Innovative Level: Employee talent catalyst (B)</p> Signup and view all the answers

Corporate philanthropy primarily focuses on short-term gains and immediate profit for shareholders.

<p>False (B)</p> Signup and view all the answers

Provide an example of a benefit that a company implementing strategic philanthropy might receive, beyond direct financial returns.

<p>Increased brand reputation.</p> Signup and view all the answers

Flashcards

Strategic Philanthropy

A business concept where companies perform charitable deeds and receive indirect financial benefits.

Strategic Philanthropy (in practice)

When a company connects with a non-profit organization or cause for mutual benefit.

Brand Awareness and Strategic Philanthropy

Increased awareness of a company's brand through strategic philanthropic activities.

Workplace Volunteerism Benefits

Loyalty and satisfaction of employees who participate in workplace volunteer activities.

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Supporting Employee Volunteerism

Providing paid time off, organizing events, and matching donations for volunteer activities.

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Philippine Business for Social Progress (PBSP)

An NGO that promotes strategic corporate citizenship and sustainable development in the Philippines.

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PBSP's Goal

To solve large, complex, and systemic issues by adopting the Collective Impact strategy.

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NutriSapat, Batang Angat

A supplemental feeding program for Filipino children below the ideal weight for their age.

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Objective of NutriSapat

To provides supplementary dietary support for 120 days.

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NutriSapat & Community Education

To educate communities on proper nutrition and promote healthy eating habits families.

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Water Insecurity

A water insecurity, the Philippines is anticipated to have severe water shortage in major river basins by 2025.

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PBSP's Water alliance

PBSP launched a partnership of businesses led by their CEOs with strong commitment to create solutions to water problems in the Philippines.

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EDUCATION PROGRAM: Bayanihang Pampaaralan

A PBSP program focused on capability building of public schools that enables high school graduates to be ready for work or entrepreneurship

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BRIDGe

A PBSP project implemented in partnership with Hineleban Foundation, Inc. and Regional Board of Investments ARMM.

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BRIDGe Objective

To uplift the lives of poor Filipinos.

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Study Notes

  • Strategic philanthropy combines company goals with the desire to improve the well-being of humanity.
  • Cause-related marketing and community partnering are two common names for strategic philanthropy.
  • Strategic philanthropy connects a company with a non-profit or cause.
  • Businesses that engage in strategic philanthropy can receive benefits. Exposure, lead generation, employee retention, and increased performance and productivity are some benefits.

Strategic Philanthropy Defined

  • Strategic philanthropy is a business concept where companies perform charitable deeds and receive indirect financial benefits from these actions.
  • It involves partnership with a non-profit organization.
  • Funds or other resources used to benefit a worthy cause.
  • Brand awareness and positive public association with the company are increased.
  • Corporations are key funding sources for non-profits, providing funding that may be hard to secure otherwise.
  • To execute strategic philanthropy, form a relationship with a non-profit.
  • A key element of marketing is brand awareness, which strategic philanthropy helps to achieve.
  • Consumers may remember a corporation's strategic philanthropy when deciding between alternatives.

Benefits of Philanthropy and Volunteerism

  • Workplace volunteers tend to be loyal and satisfied employees.
  • Workplaces foster a sense of community by providing opportunities to help with charitable causes.
  • Efforts to support employee volunteerism and philanthropy commonly include paid time off.
  • Organizing volunteer events and service days is a common effort.
  • Matching employee charitable donations is a common effort.
  • Strengthened bonds with colleagues and neighbors are fostered thought these initiatives.
  • Companies that want to attract and keep younger workers, especially Millennials, should focus on giving back
  • Millennials are interested in organizations that are active in philanthropy and community service.
  • According to a 2015 Deloitte Millennial survey, 6 in 10 Millennials chose their employer because of a sense of purpose.
  • Philanthropy is effective at engaging employees seeking to contribute to local communities and society and to build a culture around problem-solving.
  • In 2014, 84% of Millennials made a charitable donation, but only 22% did so through their company.
  • Employers can develop volunteer programs to increase hands-on involvement.
  • Footwear Company Timberland offers employees 40 paid hours annually for volunteer activities.

Role of Human Resource Management

  • Volunteer and philanthropy programs are often developed by HR staff.
  • Senior leadership and the marketing department can also be key drivers of the program.
  • To ensure proper development, appropriate causes should be selected.
  • Set activity guidelines
  • Keep it voluntary

Corporate Philanthropy Programs

  • The Philippine Business for Social Progress (PBSP) is the largest business-led NGO focused on strategic corporate citizenship and business sector leadership.
  • Established in 1970, PBSP contributes to sustainable development and poverty reduction.
  • PBSP scales up impact through the Collective Impact strategy to solve complex problems.
  • Platforms for Collective Engagements (PLACES) are organized to align and sustain initiatives by multiple stakeholders.

Health Program: NutriSapat, Batang Angat

  • The Supplemental Feeding Program, "NutriSapat, Batang Angat," supports Filipino childre. who are underweight
  • Registered children receive supplementary dietary support for 120 days.
  • Target communities are educated on proper nutrition, mindful eating habits, and sustaining nutritious food sources.
  • FAITH (Food Always In the Home) gardening helps communities sustain their own nutritious food.

The program's main objectives

  • Reduction of stunting and wasting among children under five years old.
  • The nutritional status of children under five years of age is improved.
  • Families are capacitated to observe and promote healthy eating habits among their children.
  • Food security is promoted in communities through capacitating parents to install and manage vegetable gardens.

Environment Program: Water Alliance

  • The Philippines is anticipated to have severe water shortages in major river basins by 2025.
  • 16 million Filipinos still lack safe drinking water due to declining fresh water resources from climate change, pollution, and increased demand.
  • This water insecurity impacts health, education, safety, and time available for livelihood activities.
  • PBSP launched the Water Alliance in August 2015 to solve water problems in the Philippines.
  • The Water Alliance has evolved into a multi-sectoral consortium and aims to provide safe drinking water to 190 waterless communities.
  • The alliance encourages 140 companies to lower water footprint and treat wastewater.
  • It participates in policy development for water security and develops area-based solutions through research.
  • A family in San Martin, Bamban, Tarlac, is the beneficiary of an installed water system.
  • 39 communities including schools are provided with potable water systems worth PhP81,000,000 with funding support.
  • Support of advocacy for water footprint management and reduction.
  • Two water demand management training sessions participated in by 21 companies and academic institutions.
  • Contributions to discussions and consultations for the Philippine Water Supply and Sanitation Master Plan.

Education Program: Bayanihang Pampaaralan

  • The Bayanihang Pampaaralan focuses on building public school capabilities and influencing systems of education change.
  • This program enables HS graduates to be ready for work, entrepreneurship, or college.
  • PBSP established the Bayanihang Pampaaralan Initiative as a platform to generate private sector constituency for education reforms.
  • This supports Senior High Schools (SHS) to produce graduates for the workforce.
  • Cebu job fairs resulted in 1,516 qualifications out of 1,911 interviews, with 209 being hired on the spot.
  • Cagayan de Oro job fairs resulted in 21 graduates hired on the spot out of 50.
  • PBSP donated ingredients for courses such as Baking and Pastry Production at Pasay North High School Main.

Livelihood Program: BRIDGe Project

  • Inclusive Business (IB) has been effective in improving the lives of poor Filipinos.
  • The gains are demonstrated through the Brokering Business Investments in the Bangsamoro to Achieve Inclusive Development and Growth (BRIDGE) Project.
  • BRIDGE, a PBSP project in partnership with Hineleban Foundation, Inc., and RBOI-ARMM, promotes the Business Sustainability Framework in the Bangsamoro.
  • Offers a guide for future investors with the Investor's Guide called CLICK.
  • Agricultural companies in ARMM have adopted the IB model, improving business and inclusiveness.
  • Local workers are employed, competitively compensated, and provided with income through a cooperative.
  • Children are given scholarships and guaranteed jobs post-graduation.

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