Corporate Charities The Right and Wrong Ways for Big...

Corporate Charities The Right and Wrong Ways for Big Business to Give Back to the Community Introduction Why do people who have money feel inclined to give it away? Throughout history, reasons for philanthropy have ranged from guilt to concern for personal image, from religious principles to simple generosity. America is awash with corporate CEO’s who have so much money that they could never spend it in a lifetime. What is pocket change to them could save thousands of lives in a third-world country. And yet only some of them choose to give their money away. Even then some of the ones who do are not charitable out of the goodness of their heart but do it purely to make themselves look better in the eyes of the public.†¦show more content†¦Wal-Mart makes claims of giving to the community through its employment of workers and supposed charitable foundations. At the homepage of Wal-Mart’s Good Works Foundation one will notice a quotation claiming that Wal-Mart is the largest employer of Hispanic Americans in the United States. This may very well be true, but i s not indicative of anything good or noteworthy as will be come apparent in my discussion to follow. †¦But are these employees treated well? Some notable contributions Wal-Mart has made to local communities include giving over $85 million in community grants to date, $206 million to local United Way chapters since 1983, more than $293 million in 16 years for Children’s Miracle Network (CMN), $80 million in scholarships since 1979 and $1.8 million in environmental grants in the year of 2003. The scope of these charities, however, has been limited to only those communities that have a Wal-Mart store. The foundations website even has a small disclaimer at the bottom saying that eligibility for funding from the foundation requires that the program be in a Wal-Mart community. So wherever there is a Wal-Mart store, there is philanthropy, but nowhere else. What is ironic about this is the fact that the communities that are hurt most by the Wal-Mart Corporation are those that have a Wal-Mart store! Ultimately all of Wal-Mart’s claims of philanthropy can really beShow MoreRelatedWhat Is Csr? to What Exte nt Is There a Business Case for Csr?2114 Words   |  9 PagesWhat is CSR? To what extent is there a business case for CSR? In the late 1960s and early 1970s, the phrase ‘Corporate social responsibility’ (CSR) came into public view. This essay will describe that what CSR is and how much profits will be taken in business for CSR. 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