Philanthropy in Business
doTERRA. Microsoft. Warby Parker. Walmart. State Bags. What do all these companies have in common? They all participate in corporate philanthropy, the charitable donation of money and other resources.
We have touched on doTERRA's giving through the Healing Hands Foundation and Days for Girls, but there is so much more to their philanthropy. I love how they have committed to adding to the long term growth and stability of the areas where oils are sourced and distilled through Co-Impact Sourcing. Microsoft and Walmart not only give to local and global communities, they encourage their employees to give as well. Companies like Warby Parker and State Bags have made philanthropy an integral part of their business models. Warby Parker, an eyeglasses retailer, gives through their "Buy A Pair, Give A Pair" program. It is so cool! This video explains how it works.
State Bags was started as a partnership between the husband and wife team of Jacq and Scot Tatelman, both of whom have non-profit backgrounds. For each bag they sell, they donate a backpack full of supplies to a child in need. According to State's website, "After watching countless kids carrying their possessions in ripped trash bags, Scot and Jacq formed STATE - a company that promises to not only deliver much needed supplies, but to also provide youth with the tools to reach their fullest potential and better their communities. And to always have their backs."
"There are so many ways to get involved in business based philanthropy. Even if you are a business with a total of one employee - you!" Here are some ideas:
- If you own business, commit to donating a set percentage of your profit or income to a cause that is close to your heart and/or related to your business. We do this at I Heart Oils and have never regretted it.
- Offer a matching program to encourage employees to donate by matching their donations. These programs can be limited by dollar amount and by providing a list of eligible non profits if you would like.
- Volunteer as a company or team at a local non profit event - perhaps a charity walk or a school fundriaser.
- Contact a local non-profit and ask what kind of assistance they need and then step up to help provide it.
- Organize a service project for your employees to participate in. Creating Bedtime Bags or Blessing Bags are great options.
- Integrate charitable giving into your business model like Warby Parker and State Bags. Find something that relates to your business and get creative with it.
- If you are a small business owner, here are a couple of resources to check out:
How has your business been involved in philanthropy? We would love to hear your stories!