Five ways that Supporting Charity is good for Business

Giving back is a very powerful act and can drastically change the face and perception of our company bringing about a positive change in society. The work of doing social welfare has been taken up by many companies who are using pretty creative ways to do social good. For example, there are campaigns which under various names are offering access to clean drinking water to the people in third world countries. But we do not need to invest a huge amount of money or have a strong dedicated executive team to run such campaigns. We can also help by making a corporate donation and generously helping the non-profit organization that matters to our company, our employees as well as our community. We can create a long-lasting impact. Mostly many small businesses donate to charitable organizations once a year. It is because there are many benefits of doing it and not only it is good for the needy ones but is very good and beneficial for us too.

Employee Morale:

Donation is a very good way that helps accompany participating in the active development of our community as well as boosting our employee’s morale. As when we choose to make any donation it results can be seen in our company work culture with increased employee involvement as well as a positive amiable attitude throughout.

Increased Marketing:

Philanthropic businesses are one of the most powerful things in the world. For instance, Apple matches it’s employee donations, and has donated more than $78 million to charities in the year 2015. When we hold such a charitable sponsorship it not only helps a community is a great way but also helps us gain marketing experience. With the help of this donation, a company name gets out there and attracts the attention of our prospective customers and top talent out there. As like the case when we sponsor some kind of event but we should make it a point that the event or charity reflects our company goals.

Tax Deduction:

One of another very good thing that can be beneficial to us by supporting the charity is that in the form of tax savings. By donating to a charity in need we will not only help the community but will also help a shelf in terms of financial gains as well as some financial reports that we may get after helping the charity in need. We can look at Sam Mizrahi who is the president and founder of Mizrahi Developments, a Toronto-based real estate development company that specializes in catering to the luxury market. Currently, he and his teams are working on the One Bloor West tallest skyscraper in all Canada. Sam is an ardent philanthropist.

It’s Good for Your Community:

By making charitable contributions others may get numerous benefits but the most important and very obvious one is you give back to your community. It helps us in making a developing community which is something that people will notice. Also by doing so, you will be putting some genuine efforts into improving your surroundings such as by improving the schools and parks and giving children someplace safe to learn and play.

Generates positivity around brand:

This act of kindness and charity helps Rita brand image and brand perception. Constantly involved in charity work and sponsoring events in the name of charity to associate them with. It helps people in connecting with the brand in a positive way and makes them with us. Once American professional boxer, activist, entertainer and philanthropist said that, “Service to others is the rent you pay for your room here on earth.”