There are certain perks that charities enjoy when they affiliate themselves with corporations.
These include the enhancement of receipts and significantly cut down on the costs. However, it is important to note that corporations are not the best at giving to these charities and only about 6% of the receipts to charitable organizations can be traced back to the corporations. However, it is important to note that the organizations who do associate themselves with charities provide certain perks to the people working there as well as the charities themselves.
The criteria to qualify for payroll deductions
In order to enjoy the payroll deduction facility, the employees need to fulfil two criteria. The criteria required that donors need to prove the amount of money that they have donated to the charities and that they did not receive anything in return for their contribution. Usually a pay stub suffices the first criterion.
As for the second requirement, the donors need to show a certificate of acknowledgement from the charity organization. It is important to note here that before you can proceed to the issuance of a pledge card, it is advisable that you work out how much amount would you be able to donate on a regular basis. This is also dependent on your payroll, especially how often you are paid in a month.
Workplace Campaigns are also a very good option that can be looked on by the employees. They offer a lot of variety to choose from and the one can choose according to his/her preferences. It is important to realize what charity you want to associate with. United Way is one such possibility which is very popular in the Employee’s circle. United Way does offer a lot of options to you and there is flexibility there.
As a responsible citizen and a member of the society it is your duty to remain vigilant and ask your employees about the background of the charities that they are associated with. You should also do some homework on your own and find out everything about these organizations. Good organizations usually allot 85% of their budget to charity while the rest is dedicated for administrative purposes. In this regard, https://www.guidestar.org is a good website that will provide you with all the financial information that you require on the concerned.
What if you are a business owner?
It is our duty to give something back to the community. That is why even if you are a business owner, you can do a lot of the deserving people. Collecting food for the food banks, medicine, clothes and shelter for those that are not so fortunate are some of the initiatives that one can take.
When we talk about “Social Action” we are referring to the use of human, technical or financial resources to help disadvantaged groups in society, such as the disabled, inhabitants of underdeveloped countries, elderly people, drug addicts, young people. Is confused with ni is the fundamental part of Corporate Social Responsibility.
Social action can be articulated in different ways:
To allocate to social action a determining percentage of profits or dividends
That the amount of the classic Christmas gift that companies make to their employees is destined to an NGO
Allow employees who want to spend a certain number of days a year instead of going to their work center to devote their time to collaborating with humanitarian organizations, without their wages being affected.
Ask for the collaboration of clients with certain NGOs.
The social action of the company has to spring from awareness of the organization of its responsibility and be manifestation of its desire to actively participate and contribute positively to the development of society. Thus, these types of actions, far from being part of the advertising actions of the company, find their framework and justification in strategic considerations.
Thus, like all business decisions, these types of actions must be designed with the utmost rigor and evaluated periodically in order to verify that they continue to respond to the vision and values of the organization that meet the objectives pursued and that are developed In accordance with the principles of effectiveness and efficiency.
A series of actions common to the excellent companies in the strategic management of their social action has been identified:
Strategic Alignment: The only way to generate social and economic value is for social action to be an integral part of corporate strategy and consistent with the company’s vision, mission and values.
Focus: The more concentrated the efforts are in a specific area, the greater its effectiveness and impact on society; The easier it will be for its stakeholders to recognize the company’s social action activities.
Be actors not mere donors: Use the core resources of the business to generate social benefits. Thus, a convergence between the interests of their social action and the interests of the business will be created in the long run.
Collaborate: finding partnerships with specialized institutions such as NGOs is a key instrument, but not from the donor / recipient perspective, but from the establishment of joint working relationships in project management, conducting periodic assessments of progress and measuring social impacts.
Implication of top management: It conveys the message that social action is a relevant topic within the organization, creating an environment that allows the principles of social action within the organization to be imbued.
Formalize processes: corporate philanthropy can not be managed outside the management of the company. It is necessary to formalize the processes of decision and management of social action activities within the company.
What is a reality, of course, is that regardless of its social purpose, with this type of actions, it improves the visibility of the company in society, contributing and enhancing the closest image of organisms.
The objective is to change the vision of companies, so that they are aware of the importance and great benefits of well-organized and organized corporate social responsibility. All this has many more associated benefits than we believe in first instance, beyond the public image or cost savings.
The well-being of workers, the positive impact on society or environmental care, are ends, with which, and over time, they will give pluses to our business, allowing access to more demanding and forward-looking consumers.