10 Exciting Capabilities of Corporate Foundations
Expand the Range of Philanthropic Options with a Corporate Foundation
For companies that seek to differentiate their giving programs, a corporate foundation confers distinct advantages. The IRS allows corporate foundations wide latitude to undertake creative, inventive, effective philanthropy, far beyond making grants to 501(c)(3) organizations. A private foundation can also help raise brand awareness, enhance employee engagement and retention, and cultivate goodwill.
In this article, we outline ten unique capabilities available to corporate foundations. These include:
• Providing direct support to employees for emergency relief
• Running charitable programs
• Donating internationally
• Giving hardship and emergency grants
• Awarding scholarships, even to employees and their families
• And more.
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About Foundation Source
Foundation Source empowers people and companies to create a better world through philanthropy. As the nation’s largest provider of foundation management services, we’re a trusted source for philanthropic expertise. We invest in industry-leading technology for private foundations and offer a configurable suite of administrative, compliance, tax and advisory solutions that meet you where you are in your philanthropic journey.
For more than two decades, we’ve worked with individuals, families, boards and professional advisors to preserve legacies and make giving easier. Today we are proud to support more than 2,000 unique foundations and have facilitated over $10 billion in charitable aid. With a 98% retention rate, we are honored to have earned the trust and loyalty of our clients.