In today’s world there are many people suffering and dying because of lack of proper medical treatment. As every cloud has a silver lining, the ill and the downtrodden have support from the charity organizations. These charity organizations are also supporting people who need chronic illness support.
Corporate organizations have also joined hands with the charity organizations and are supporting the poor and ill people. Corporate philanthropy is slowly and steadily increasing in the corporate world. Larger organizations are contributing thousands of pound on a yearly basis to the upliftment of the poor and needy.
In fact, you will find that larger organizations in the UK have separate teams that cater to the corporate social responsibility. Corporate organizations that believe in corporate philanthropy are focusing on the social causes such as environmental awareness, education, health care and other areas of urban and rural improvement.
There is a great debate going around the corporate world whether corporate philanthropy can actually have an effect on the profits. By and large, corporate organizations are meeting their objectives when they are concentrating on corporate philanthropy.
This is evident from the fact that there are several corporate organizations that are showing keen interest in corporate philanthropy. These days, you will surely read in the newspapers that larger organizations in the UK are donating money to medical research, which is one form of corporate philanthropy.
The questions that are generally raised here are whether the corporate philanthropy really changes the company’s financial picture or whether corporate philanthropy can get more customers.
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