What is Corporate Philanthropy?

1. What is Corporate Philanthropy?
More and more, businesses like Ad Astra
Recovery Services, Inc., a Kansas-based debt
recovery firm, make it a point to engage in
corporate philanthropy.

2. 
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Corporate philanthropy is when a for-profit business
donates to non-profit organizations that support
education, medical research, literacy, the arts, or the
environment, in order to spur positive societal
change while advancing business goals.
Although corporate social responsibility is required by
law in many places, corporate philanthropy goes
beyond what is required, with businesses giving on a
community, national, or international level in order to
improve the quality of life, as opposed to simple
compliance with ethical standards and industry
norms.

3. 
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Corporate giving may be concentrated within
the community or may extend to national or
international causes.
Donations don't have to be cash – companies
can also donate resources such as their
products, services, or professional expertise
and staff assistance.
Ad Astra Recovery Services hosts an annual
food drive through the Salvation Army,
donates gifts to children through the Salvation
Army Angel Tree program, and participates in
the Red Cross Blood Drive.