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social science subjects > business and management > business ethics > corporate social responsibility > corporate philanthropy
... > social science subjects > business and management > sociology of work > sociology of work encyc > labor movement and other forms of collective action > corporate social responsibility > corporate philanthropy
... > social science subjects > sociology > sociology of work > sociology of work encyc > labor movement and other forms of collective action > corporate social responsibility > corporate philanthropy

Preferred term

corporate philanthropy  

Definition

  • Corporate philanthropy is the practice by companies of giving charitable donations to a wide range of societal institutions, especially nonprofit or nongovernmental organizations (NGOs), including social service agencies, environmental groups, housing and poverty agencies, schools and universities, hospitals, and other organizations, whose goals are to benefit society in some way. Sometimes termed corporate social investment, corporate philanthropy can be considered part of companies' overall approach to corporate community relations and to the somewhat broader concept of corporate social responsibility (CSR). [Source: Encyclopedia of Business Ethics and Society; Corporate Philanthropy]

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https://concepts.sagepub.com/social-science/concept/corporate_philanthropy

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