Among the most well-known establishers of foundations are those businesspeople who create company-affiliated foundations and who contribute substantial shares.
Apart from company foundations, whose capital stems from an owner’s private assets, more and more CSR foundations have been established in recent years. In this case, the capital stems from the company’s assets. CSR foundations are closely interlinked with the company’s general marketing concept.
CSR foundation strategically secures the positive conditions under which future company successes occur. It also contributes to dealing with those social opportunities and risks that are important to your own business activities. With the establishment of a CSR foundation, you can also benefit from the positive reputation of foundations in general.
A CSR policy should be closely linked with the company’s image and overall concept – mission and vision. This helps the CSR involvement on one hand and the company on the other.
With its own foundation, your company can take on social responsibility and communicate this externally. Together with your staff, business partners and/or customers, you can champion for the future of children in need. Company foundations also strengthen your company’s sense of community. For example, you can collect donations for your foundation’s purpose during company anniversaries, staff events or fundraisers.
If you do not wish to establish your own foundation, there are alternatives in the form of dependent foundations or trust foundations, which will then support the work of SOS Children’s Villages.