Philanthropy – Truly Selfless or Not?

Great article in Idealog magazine recently, and had to share it here.

Should philanthropy be truly selfless?
Opinion: At a time when our daily news is full of stories about communities in need, the international impact of the refugee crises, and child poverty closer to home, why are businesses giving less?

Philanthropy New Zealand’s recent report, Giving New Zealand: Philanthropic Funding 2014, shows that corporate philanthropy is down, suggesting kiwi businesses simply aren’t as generous as they were. The Harvard Business Review was saying the same thing about US corporates almost 15 years ago.

At a time when our daily news is full of stories about communities in need, the international impact of the refugee crises, and child poverty closer to home, why are businesses giving less?

In 2002, in the Harvard Business Review, Michael Porter and Mark Kramer put it down to executives finding themselves in “no-win” situations; “caught between critics demanding ever higher levels of corporate social responsibility and investors applying relentless pressure to maximize short-term profits.” They claimed that “justifying charitable expenditure” was becoming near impossible.

Read the full article on Idealog