Abstract
Derived from the Greek word philanthropos, which means “love of humankind”, the term philanthropy refers to charitable acts carried out to promote the good of society (Visser, Matten, Pohl, & Tolhurst, 2007). In corporate settings, philanthropy entails donating a portion of a company’s profits or resources to non-profit organizations in sectors such as social services, the arts, health and the environment. While cash is the most common resource donated by corporations, they also provide expertise; products, services and equipment; the use of their facilities; advertising support; or executive loans. Some companies encourage the formation of employee volunteer groups which donate their time to charitable causes (McGill Foundation & Weber Shandwick, 2009).
| Original language | English |
|---|---|
| Title of host publication | Encyclopedia of Corporate Social Responsibility |
| Editors | Samuel O. Idowu, Nicholas Capaldi, Liangrong Zu, Ananda Das Gupta |
| Place of Publication | The Netherlands |
| Publisher | Springer Reference |
| Pages | N/A-N/A |
| Number of pages | 6 |
| ISBN (Print) | 9783642280870 |
| Publication status | Published - 2013 |