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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