Public Policy and Business
Strategic philanthropy is the practice of aligning charitable contributions and initiatives with a company’s business goals and objectives, creating mutual benefits for both the organization and the community it serves. This approach emphasizes the importance of thoughtful planning and execution, ensuring that resources are directed to causes that can enhance brand reputation, employee engagement, and customer loyalty while also addressing social issues. By integrating social responsibility into their core strategy, organizations can create sustainable impact and foster positive relationships with stakeholders.
congrats on reading the definition of strategic philanthropy. now let's actually learn it.