...Woopee look at me I'm green! Date: May 29, 2015 James Adonis is one of Australia's best-known people-management thinkers It's all the rage for businesses to strut their environmental credentials. Do you buy it? Countless businesses publically profess their environmental sensibilities then proceed to trash the planet. In the recent past, businesses engaged in philanthropy and environmental practices without fanfare. It was just the right thing to do. That no longer seems to be the case. Doing something good for the planet or for a favoured charity is now a carefully crafted marketing strategy. The primary intent is symbolism – an attempt to nab more customers, rather than make a real difference. Such window dressing might not be a big deal. Many business leaders think if they're going to spend money greening the office or helping the community, they may as well make a dollar out of it. Which is perhaps understandable. Maybe. That's why so many businesses display a list of philanthropic logos on their website. Or why they feel the urge to declare the percentage of profits they donate to charity. Or why they include environmental messages in their email signatures. What's the point of being so open if not to woo the public? The problem with such an approach, according to US Professor Bruce Johansen, who conducts research in this area, is that it's greenwashing; a ubiquitous pantomime of inauthentic corporate social responsibility. In his new book, Eco-Hustle, released...
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...groW Make W Investing in Water; Tales from a Wealth Advisor; Robert Shiller on Wall Street Best Restaurants; First-Run Films at Home; Companies Solving Water Crises live Questions for Your Yacht Builder; WaterRelated Philanthropy; 10 Extraordinary Boats ® the evolution of financial intelligence Charting troubled Waters The Blue Issue worth.com volume 21 | edition 02 Boston, MA Leading Advisor Fidelity CharitableSM Ryan Boland, Director, Complex Asset Group “ ” When does it make sense to donate real estate to charity? By Ryan Boland While the donation of appreciated securities—stocks, bonds and mutual funds—is common, relatively few individuals donate real estate to charity. Under specific circumstances, however, such a donation can be mutually advantageous to both the giver (the owner of the real estate) and the recipient (the charitable organization). At a most basic level, those circumstances are: (1) when the property in question has significant long-term appreciation, such that the owner would incur a sizable capital gains tax upon selling it, and (2) when the property is relatively easy for the charitable organization to liquidate, with minimal chance for incurring liability or major carrying costs prior to the sale. These conditions are most frequently met by individuals seeking to donate a long-held primary or secondary home. The donation of commercial or industrial real estate...
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...Philanthropy universally has a positive connotation, but the meaning of the word itself is often interpreted differently even by philanthropists. Andrew Carnegie and Jane Addams were both upper class members in the 19th century who believed that wealth should be utilized to aid those in the lower class towards prosperity. Both Carnegie and Addams scorned the popular idea of the upper class of wealth being entirely passed down to the next generation in a family. Their opinions were due to the harm that Carnegie witnessed and Addams experienced of the fruitless entitled offspring and the utter lack of understanding about hard work it instills. The two benefactors also rejected a grandiose lifestyle for themselves and those who had wealth and...
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...There are various reasons behind corporate giving in society. First, based on Camphell, Gulas and Gruca (1999), the reasons for corporate philanthropy is separated into two general categoties. Corporate giving, being considered as a kind of input, is a sufficient market strategy adapted by many firms for increasing profit to obtain potential benefits and rewards and achieve “do better by doing good”. And then, the second kind is mainly from “the social responsiveness of the firm” defined as corporate benevolence based on the managers’ attitude towards the charity. Namely, the motivation of corporate giving is the firm’s sense of social responsibility and altruism, manager’s felling or perception impact the corporate giving significantly. It may be reasonable say that managers incooperate their felling and sense of social responsiveness when they make decisions of corporate philanthropy. Moreover, according to Tonello (2011), corporate giving may be regarded as a competitive advantage through well designed and operated carefully. For instance, with the increase of the name recognition and reputation, it is beneficial for firm to improve its size and quality of its customer regions and economic conditions. Furthermore, Bruch and Walter (2005) also think that companies with well-designed communication about the activities of philanthropy can target their stakeholder groups. Corporate giving may lead to an improvement of the quality of life in communities of the company’s business...
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...COMPANY NAME/ WEBSITE/ ADDRESS United Way, formerly known as United Way of America, and also linked to United Way Worldwide). BACKGROUN/ HISTORY The year of 1887 marked the beginning of United Way, which originated as Denver’s Charity Organization Society and expanded over 1,000 Community Chests in the late 1940’s (Dess, Lumpkin, Eisner, & McNamara, 2012, p. C19). Then in 1974 their campaign, in America and Canada, exceedigngly raised over $1 billion dollars; thus, causing for the creation of the United Way International so that many countries around the world may have the ability to construct similar organizations that will benefit their nations (Dess, et al., 2012, C19). United Way’s business consist of attracting large companies and contributors into their charity in order to raise money for the sole purpose of improving issues on health, education, poverty by providing economic stability across populations; overall creating healthier living standards worldwide since public services increase in demand (Dess, et al., 2012, C19). However, this organization has faced scandals resulting in fraudulent CEO’s and associaties, losing hundreds of thousands for personal use by members and $18 million loss of charity by the collector California Bay United Way, that was not mirroring the amount of money donors had given, leaving them to suspect the pockets into where their money was going into. UWW’s current CEO is Brian Gallagher and this organization operates in 46 countries; however...
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...Program Summary HSM/270 October 14, 2012 Program Summary Program planning in the human service field requires many steps. The process is very involved and time consuming. Planning a program requires knowledge of a social issue, information on the target population, demographics, a budget, and an evaluation plan. Program planning involves carefully organizing solicitations for funding as well which include grant proposals. These proposals require knowledge of the issue and organization of the proposal. The Madison Children’s Hospital is an example of the many tasks involved in program planning. The Madison Children’s hospital strives to be the worldwide leader in improving children’s health by providing the highest quality health care. The hospital’s mission is to be the leading source of research and discovery, educate the next generation of leaders in child health, and enhance the health and wellbeing of children and families in our local community. The hospital has recently started a program that is in charge of researching children with chronic illness. The program is interested in looking into how the children are self-managing their condition. The program is looking at the occurrences of complications due to chronic illness and what is causing the complications. The program will interview families of children with chronic illness to understand how their lives are being impacted and how improvements can be made. The program will conduct research into methods of...
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...Accounting for Ngo's in Bangladesh 1. INTRODUCTION As globalization and international trade impact societies, non-government organizations have become increasingly influential in world affairs. Now, there are about twelve thousand NGOs in all over the world operating in most countries. These organizations are not directly affiliated with any national government, but often have a significant Impact on the social, economy and political activity of the country or region involved. So, we can say that NGOs have become major players in the field of international and national development. But Bangladesh has largely failed to assist the poor or reduce poverty because of limited resources and planning, while NGOs have grown dramatically, but it ostensibly fails to fill this gap. There are more and bigger NGOs here than in any other country of equivalent size. Here, NGOs have mainly functioned to service the needs of the landless, usually assisted by foreign donor funding as a counterpoint to the state's efforts. Besides all these, in the field of NGO, Financial Reporting process and application of accounting is disgraceful. NGOs in Bangladesh have increasingly become subject to question and criticism from the government, political parties, intellectuals and the public in genus for misuse of funds, gender discrimination, and nepotism. Absence of proper guidelines in preparing financial statements and reports makes it more complex. The government of Bangladesh doesn’t...
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...The role of NGO”S in development Africa The literature on development has long recognized the importance of the third sector. Throughout the 1980s there was an evident and growing enthusiasm for the contribution of NGOs particularly for their ability to work directly with the poor and with grassroots organisations (Turner,1988; Gorman,1984). According to Carroll (1992), it was in 1985 that official development agencies arrived at the same conclusion that the advantages of NGOs, such as flexibility, informality, commitment, and participatory style, outweighed their disadvantages and made them especially suited for the complex task of rural development projects aimed at alleviating poverty, in which physical capital is combined with human and organizational resources. By the end of the 1980s, reports from the OECD (1988), Asian Development Bank (1990, 1991) and World Bank (1991) all argued that NGOs have a particular ability to work effectively with the poorest communities. The early 1990s saw a distinct change in emphasis, with greater weight being placed on the term civil society than on non-governmental organisation. Although this change cannot be attributed to any single factor, a number of emerging concerns may offer some insights. The work of authors such as Putnam (1993) showed the importance of non-governmental and non-private sector institutions and demonstrated that it would be useful to work with wider definitions than were typically being used. Third, it was recognized...
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...Response #1: “Gospel Of Wealth” Andrew Carnegie was a man who believed that any person with the right set of skills and education could become wealthy. Carnegie himself was a Scottish immigrant who dragged himself from rags, to one of the richest men in the United States. He thought that if a person was “rich,” then they were more admirable than others and, therefore, knew how to prosper in society. Carnegie states “Those worthy of assistance, except in rare cases, seldom require assistance.” Carnegie believed in a form of Darwinism, Social Darwinism. He consistently speaks in a paternalistic manner throughout his essay, portraying himself as a man of unspeakable wealth and playing to the fact that he is better than most because of it. Carnegie was not a man with little to say. He had strong feeling towards wealth and how it should be handled and this in evident in his writing of the, Gospel of Wealth. Carnegie proposes that there are three modes in which wealth can be distributed: Inheritance, Bequeathed for public uses, and managed by its possessor within his/her lifetime. He then goes into great detail on each mode, for example; inheritance is said to be the most injudicious method in the world. Carnegie’s idea that it is up to each generation to find their way in society plays into his feelings towards this mode. He further explains that inheritance is selfish and injustice not only to the inheritor but also to the mother and children. Carnegie suggest It is not the...
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...What type of world do you want to live in? A great question to be asked and a question that has many answers, would you like to live in a world full of ethics and philanthropy? Again the definition of ethics also known as moral philosophy, is a branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior. The definition of philanthropy is the voluntary act of donating money or goods or providing some other support to a charitable cause, an altruistic concern for human welfare and advancement, usually manifested by donations of money, property, or work to needy persons, by endowment of institutions of learning and hospitals, and by generosity to other socially useful purposes. But I wonder are all acts of philanthropy ethical? I think philanthropy is a wonderful thing and arises when government does not assist and it fills in the necessary gaps as need be, but philanthropy I think is use to influence decisions also. I search the web for some examples and I found this and I wanted to share. Social activists frequently criticize philanthropic contributions by corporations whom activists consider "suspect". An example is the Harvard, Exxon, and South Africa case. Harvard University divested itself of Exxon’s stock after pressure and accusations that Exxon's doing business in South Africa contributed to apartheid. But when asked if they still wanted to receive philanthropic contributions from Exxon, Harvard said "yes". Some considered...
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...The Given Pledge 1. ”The Giving Pledge” is a commitment by the world’s wealthiest families and individuals to dedicate the major proportion of their wealth to philanthropies. It is a project Warren Buffet, Bill and Melinda Gates have created. The intended meaning is to give over half of their fortune to charity. Buffet, Bill and Melinda Gates and others called some of the wealthiest individuals, with intentions that they would give half of their fortunes themselves. “My Philanthropic Pledge” has a very positive attitude, which is obvious since the author of text 2 is Warren Buffet, one of the co-founders of the project. Buffet is very satisfied with his decision, he has promised 99% of his wealth to charity, primary because he doesn’t value money as much as his health and long-standing friends. That is why he can donate all his unneeded money to philanthropy. Buffet encourages other wealthy people to join the pledge. He mentions that giving away 99% of his fortune won’t mean anything to his way of living. Buffet, his children and his wife will continue to live their life unaffected. His children have received considerable sums for their personal use and further life - he is using this argue to tell the wealthy, that even though they give away half of their fortune doesn’t necessarily means they have to change their lifestyle. It can mean life or dead for the suffering, while it can mean a little or big yacht for the rich. In “The rich want a better world? Try...
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...Running Head: SOCIO-GEOGRAPHIC FACTORS Socio-geographic Factors [Name of thе writer] [Name of thе institution] Socio-geographic Factors Introduction Unitеd Way of America, based in Alexandria, Virginia, is а non-profit organization that works with thе 1,303 local Unitеd Way offices throughout thе country in а coalition of charitable organizations to pool efforts in fundraising аnd support. Thе focus of Unitеd Way is identifying аnd resolving pressing community issues, as well as making measurable changes in thе communities through partnerships with schools, government agencies, businesses, organized labor, financial institutions, community development corporations, voluntary аnd neighborhood associations, thе faith community, аnd others. Thе issues Unitеd Way offices focus on are determined locally because of thе diversity of thе communities served. Thе organization raises money in numerous ways; one way is through thе workplace, where employees can have automatic payroll deductions for Unitеd Way. Discussion Socio-geographic Factors Unitеd Way International has come а long way since thе dark days of 1992. That year, it nearly succumbed after losing much of its support in thе scandal surrounding charges of fraud аnd abuse by William Aramony, who presided over both Unitеd Way of America аnd Unitеd Way International. Today, thе charity, which seeks to spread thе Unitеd Way model of charitable fund raising abroad, has affiliates in 45 countries on six continents...
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...1. Introduction The purpose of this report is to provide management team an overall understanding of Philanthropy and its effect to Hit Hot company. By examining the costs and benefits of philanthropy, manager can decide whether it is relevant for this company or not. Hit Hot company is a Gym center, has 150 employees. It operates in Melbourne, Sydney, Brisbane and has its head quarter in Brisbane. 2. Overview of Philanthropy Philanthropy is voluntary activities, it could be an idea, event which benefit for social and humanity such as charity, volunteer social works or donating money for cancer research (Moore, 2009, p.1). Company can increase their image as well as show the social responsibility side of the firm. Philanthropy is used by most companies as a marketing strategy (Goozner, 1997). Moreover, philanthropy program is designed to create the significant impact to company, particularly make good relationship between company and community (Hoyt, 2003). Companies conduct philanthropy for several reasons, it could be personal benefit for managers, social responsibility or marketing strategy. Whatever the reason, engaging philanthropy is the best manner to integrate with society in order to build company value, culture and employee spirit (Vise, 2005). Philanthropic efforts also reflect wealth companies and strong management and give them a competitive advantage over other firms (Christina, 2005). 3. Relevance to Hit Hot company. In real business world, Hit Hot company...
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...Philanthropy is the enemy of justice The world's poor are not begging for charity from the rich – they're asking for justice and fairness * Share 58 * Tweet 3 This page has been shared 3 times. View these Tweets. * 28 * * in Share 0 * Email * * Robert Newman * * The Guardian, Friday 27 January 2012 22.00 GMT * Jump to comments (243) Gates's voice is loud, but the model of development it proclaims is the wrong one because philanthropy is the enemy of justice'. Photo: Chip Somodevilla/Getty It's strange that at this week's World Economic Forum the designated voice of the world's poor has been Bill Gates, who has pledged £478m to the Global Fund to fight Aids, Tuberculosis and Malaria, telling Davos that the world economic crisis was no excuse for cutting aid. It reminds me of that dark hour when Al Gore, despite being a shareholder in Occidental Petroleum, was the voice of climate change action – because Gates does not speak with the voice of the world's poor, of course, but with the voice of its rich. It's a loud voice, but the model of development it proclaims is the wrong one because philanthropy is the enemy of justice. Am I saying that philanthropy has never done good? No, it has achieved many wonderful things. Would I rather people didn't have polio vaccines than get them from a plutocrat? No, give them the vaccines. But beware the havoc that...
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...Introduction M&S is one of the UK’s leading retailers they sell stylish, high quality, clothing and food products, footwear, accessories, and household products. M&S is responsibly sourced around 2,000 globally Over the last 129 years M&S has grown from a single market stall to become an international multi-channel retailer. (M&S, 2013) Marks and Spencer is a major British retailer which was founded in 1884 and operates 766 owned and franchised stores in the United Kingdom; and 418 owned and franchised stores in 51 territories in Europe, the Middle East, North Africa, and Asia. Type of business M&S is an international business because it is located in various other countries with the United Kingdom and 418 owned and franchised stores in 51 territories in Europe, the Middle East, North Africa, and Asia. M&S is in the private sector organisation because it is part of the national economy made up of private enterprises. It includes the personal sector (households) and corporate sector (companies), and is responsible for allocating most of the resources within an economy. See also public sector (business dictionary, 2013) M&s is a large size business because there are more than 250 employees, M&S has up to 82,000 employees and the majority of the people are in the UK. M&s is in the tertiary sector because they are providing services to individuals and business an example of the type of service M&S would provide is they could provide fresh lingerie this would include:...
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