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We contend that companies have the capacity to put much more back into society. Typically company donations amount to less than 1% of pre-tax profits, and much of this is ‘in-kind’ rather than cash. In comparison to other types of funders, companies only provide about 3-4% of total income for voluntary organisations.
Greater transparency and regularity is needed in how company giving is reported. Too often company giving is motivated by PR or marketing needs rather than genuine concern for the cause or the community being supported. Companies could more to enable staff, shareholders, and customers to help shape their corporate social responsibility activities.
Read more about our policy principle of Responsible Giving
DSC e-news survey on how companies describe financial support (March 2007)
We asked enewsletter subscribers whether it was right for companies to present money from employees, customers/suppliers, or the value of ‘in-kind’ donations as financial support. Roughly two-thirds of respondents said no for each category.
DSC e-news survey on companies’ moral responsibility (July 2006)
We asked enewsletter subscribers whether companies had a moral responsibility to support voluntary activity, rather than focusing solely on whether the charity had a sound business case. 66% said yes.