Philanthropy: Is Your Company Squandering a CSR Opportunity?

Jan 28, 2011 6:30 PM ET

Alice Korngold's Blog

If your company is philanthropic, but you’re not matching your executives to nonprofit boards in a purposeful way, then your company is missing out. Missing out on a number of valuable opportunities, including: government and community relations, economic development, leadership development, and effective stewardship of your costly grant-making. This is particularly relevant for companies that are expanding into new markets here in the U.S. or abroad, businesses that wish to engender good will, and corporations that seek to further develop their executives for leadership.

If your business is contributing $500,000, $5 million, or tens of millions in philanthropy, you can leverage your investment for benefits for your company and employees, and a higher impact in strengthening the communities where you have an interest. The key is to a) train and prepare your executives to be effective board members and potential board leaders, and b) place your executives on nonprofit boards in a thoughtful and purposeful process based on the interests of each person and the needs of each nonprofit.

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Korngold Consulting LLC assists corporations in building fully integrated, high-impact CSR strategies, including leadership development through nonprofit board service.  Korngold Consulting trains and places business executives on nonprofit boards, and consults to nonprofit boards and leaders to strengthen governance for financial and strategic success.