Corporate Advised Funds
Representatives of the Leon L. Levy & Associates Foundation pictured during their volunteer day selling "One Step Ahead," a newspaper written and produced by homeless individuals in Philadelphia. The newspaper is also sold by homeless individuals who earn money from each sale.
Businesses of all shapes and sizes across the country have initiated corporate philanthropy programs in great numbers in recent years.
By giving back to the community, businesses can gain many meaningful benefits including:
Employee loyalty: Employees are more loyal to businesses where philanthropy is imbedded into the culture
Employee interaction: When employees participate in philanthropy by contributing to the funds distributed, as well as having a say in where the donations are made, they have the opportunity to interact with fellow co-workers and thus strengthening bonds with others who they may not otherwise connect with at work
Community recognition: By contributing to community causes, businesses can gain goodwill from constituents including clients and prospective clients
Customer loyalty: Customers can connect with your company's philanthropic generosity and choose to purchases products or services from you over a competitor's
For these reasons and more, corporate philanthropy can be ideal for your business.
The Jewish Community Foundation, Inc. helps businesses establish Corporate Advised Funds, enabling a company-- and often the company's employees-- to contribute to a fund that gives to philanthropic causes in alignment with the company's mission.
The JCF will work with you to formulate a philanthropic mission, establish a giving process, analyze prospective charities for synergy, and help you ensure that your philanthropic contributions maximize your firm's time, energy, and resources.
Some benefits of establishing a Corporate Advised Fund include:
Administrative ease: Instead of having a representative from your business handling the operation of the fund, we handle virtually all of the leg work.
Expert consulting: The JCF will work with you to get your fund "off the ground" and we are available to help you with any questions as they arise, to ensure that you are getting the most out of your company's philanthropy.
Fund growth: As contributions are made by a company (and/or its employees), the monies are invested in a selected mix of stocks and bonds, enabling the fund to grow until a decision is made to make a grant from the fund
Want to Learn More?
To discuss how your business can benefit by starting a Corporate Advised Fund, please contact Seth Mirowitz at 856-673-2521.