This Week in Philanthropy – From CSR to Jewels for Charity
Headlines in philanthropy and charitable issues abound this week, and we are here to bring you up to speed with our weekly roundup. We are covering everything from a new study on corporate social responsibility, a massive charitable donation for anti-smoking efforts and a billionaire’s jewelry auction in Switzerland.
The Focus of Corporate Philanthropy
According to a new study published by Forbes Insights
, the major focus of corporate philanthropy is social services with 45 percent of companies addressing social services in their corporate social responsibility (CSR) efforts. Rounding out the top 5 are environmental causes, community development, health services and economic development. As social entrepreneurs take CSR a step further
by developing new companies aimed at solving societal problems, it is not surprising the study found the promotion of entrepreneurship is likely to be supported more in the future. The report found that two in 10 companies are currently supporting entrepreneurship, but in 2014 that number increases to three in 10. Supporting entrepreneurship is akin to job creation, which is a win-win we can all feel good about.
Bloomberg charity adds $220 million to anti-smoking effort
Reuters reports that New York City mayor Michael Bloomberg’s charitable foundation is committing $220 million over the next four years aimed at global anti-smoking efforts. This donation takes the foundation’s total pledge to fighting tobaccos use to nearly $600 million. This is an enormous sum yet the number is dwarfed by the number of deaths – 1 billion – smoking could cause in this century. The mayor said that his foundation will focus on low and moderate-income countries where nearly 80 percent of smokers live including Russia, China, India, Indonesia and Bangladesh.
Charity Jewelry Sale by Billionaire Safra May Raise $20 Million
Let’s switch gears from Mayor Bloomberg to this Bloomberg News article which reports on a charity jewelry auction in Switzerland which may raise $20 million for charity. Brazilian-born billionaire Lily Safra is auctioning a collection of jewels at Christie’s International which may raise more than $20 million for charity. Twenty charitable institutions will be the beneficiaries of the auction proceeds including The Elton John AIDS Foundation (Worldwide), Henry Street Settlement (New York) and Le Ballet de l'Opera National de Paris.