Businesses that Donate Portions of Your Purchase to Charity

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Charity is a wonderful way to give back to your local community and the world. There are many ways you can participate in philanthropy; volunteer your time, donate your money, or simply raise awareness. You can also patronize businesses that use your money for a good cause. There are a number of businesses who give back to their communities and others by allocating a portion of certain purchases to be donated to a good cause to help people in need. Here are two excellent examples of these kinds of businesses.

Bombas

The name “bombas” comes from the word in Latin for bumblebee. The company’s mantra is “bee better” because bees all work together in a hive with their combined actions having a big impact on their world.

The company puts that slogan on the inside of each pair of their socks to let it be known that you helped someone through your purchase because Bombas donates a pair of socks to someone in need for each pair sold to the tune of more than five million donated thus far!

Bombas had spent two years developing the perfect pair of socks that would give extra support and comfort with extra cushioning on the footbeds, prevent irritation by placing blister tabs by your ankles, reduce moisture, and provide a tight fit at the arches by using a special honeycomb stitching at the middle of each sock. These are carefully crafted socks and many people love them.

The Company Store

The Company Store, primarily a direct-to-consumer retailer of textiles and home goods, has offered everything to outfit your bed including sheets, pillows, mattress pads, and more. When you purchase one of their comforters, their “Buy One, Give One” program also donates one to a child in need.

On Thursday, December 21, 2017, Home Depot announced that it had acquired The Company Store, an e-commerce and catalog retailer. The Wisconsin-based store also has five physical locations, but they were not a part of this deal.

This acquisition adds to Home Depot’s online arsenal, which is an important growth area for the company. Almost 60 percent of store-based and online sales are influenced by a prior digital visit, and online sales of 6.4 percent are double that of the retailer’s nearest competitor. Home Depot’s online business has grown by approximately $1 billion in each of the past four years so it is a key growth engine for their overall business.

With the acquisition, Home Depot has an extra way to help customers complete every room in their house and expand their online décor business into broader categories. The Company Store could also receive a marketing benefit by being a part of Home Depot with its close to 2,300 stores.

These are just two companies that help others when purchases are made by consumers, so feel confident that your money is going to a good cause.

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How to Encourage Your Employees to Make a Difference

Nowadays, anyone has the ability to become charitable. There are online sites where any person can state a cause and easily raise money. If you run a business, you are rewarded for being charitable with tax incentives. Besides getting tax credits, you want to help the community and get your employees involved, too. Here are a few ways to get your employees interested in becoming philanthropists.

Host donation drives

Many businesses have ways of encouraging their customers to make charitable donations. At certain stores and restaurants, there are donation bins where people drop off coins or dollar bills. After customers make purchases, some cashiers ask if they want to donate to a certain charity.

Host a donation drive to get many more people involved. You can even direct them to other companies and organizations that are hosting drives. To show your sincerity in the cause, consider matching every donation made by an employee or customer.

Attend charity events together

Tell your employees about important charity events that are happening locally. Suggest that all of the staff attend an event together; however, do not force people to go or threaten to penalize them if they don’t attend. Get everyone informed about events that are being hosted regularly by your favorite charities.

Offer rewards

Employers are known to reward employees who work in their favor. Offer to reward whoever makes the most donations to a certain cause or organization. Common rewards made by employers are gifts, bonuses, and added vacation days. Encourage them to donate regularly and show more interest in helping members of the local community.

Explain the value of philanthropy

Explain the importance of philanthropy and why it is needed in society. People in need of food, shelter or care cannot always rely on the government, so they turn to nonprofit organizations for help. Some organizations are more useful at helping others than the government.

Show the results that come from helping others, such as increased graduation rates, lower crime rates, and improved living conditions. You also don’t need to be wealthy to be a philanthropist; anyone can assist those in need in some way. You do not always have to donate money – you can donate your time and skills to help others.

It’s important for businesses to donate to worthy causes. They are saving part of their hard-earned money to help people in need. As an employer, teach your employees they should participate in philanthropy as well. Get your business involved in every aspect and improve the community in which you work.

Is So Much Philanthropy Sincere?

Lately, there’s been a trend of more and more people participating in philanthropy. While this trend is great and can do a lot of good for many incredible causes, it’s important to consider whether or not the philanthropy trend is actually sincere. It’s likely that you currently, or plan to eventually, participate in philanthropy in some way. Considering philanthropy as a whole is important, but it’s even more important to examine your own reasons for participating in philanthropy and make sure they’re genuine.

Isn’t it good no matter what?

While some people may argue that giving is beneficial no matter what, that’s not necessarily the case. Insincere philanthropy can be beneficial in the short-term, but it needs to be a lifestyle you adopt. Charity means writing a check and donating to organizations you care about and is also a positive thing, but philanthropy is a larger concept. To really make a difference and be a true philanthropist, you need to work on different characteristics and attributes.

Because philanthropy is a way of life, it means you must genuinely commit to making philanthropy a focus in your life. If you push the image of a philanthropist, but do not actually follow through, or only practice philanthropy for a short amount of time, it can be detrimental to the causes you work with. If you do not honestly pursue a philanthropic lifestyle, you will be giving your time and efforts on a short term basis. It’s important that your reasons for participating in philanthropy are to actually make a difference and you’re willing to invest that time instead of only using it to market your business until you are more successful.

How to make sure your giving is sincere

If you’re concerned over whether or not your giving is sincere, take some time to reflect on what you’re doing and why. If you’re participating in philanthropy because you genuinely want to make a difference in the world for some issue, that’s great! That’s the real reason you should put energy into philanthropy. However, if you’re only acting philanthropic in order to market your business or personal brand or because you think it makes you look good, you should re-evaluate your priorities and think about how you can be more authentic with your philanthropic pursuits.

Start making your giving sincere

There’s a possibility that after considering why you participate in philanthropy, you’ve realized that you’re only being philanthropic in order to achieve some end goal for yourself and not because you actually care about the cause or people connected to the philanthropy. However, this absolutely does not mean that you should stop being philanthropic! It merely indicates that it’s time for you engage in more sincere philanthropy.

Find a cause you’re genuinely passionate about and focus your efforts there. Spend time volunteering and finding ways to help out that cause, even if it doesn’t benefit you or is inconvenient. Make an effort to get to know the people your philanthropy works with and the others who volunteer or work at that philanthropy. With some work, adapting a genuinely philanthropic mindset won’t take too much time!

Philanthropy Without Giving Away Revenue

Is it possible to give charitably with little or no money involved? Of course volunteering for charity is giving away time and services, however that’s not always the most efficient option for corporate companies and society. Can companies give without giving away their revenue? Let’s explore.

In the business of philanthropy, charitable deeds require many assets. Time, service, people and funding are just a few. On a social scale, donations among a community provoke a positive change for those in need. Today, companies are coming to the conclusion that they can effectively give through utilizing their skills without compromising financial revenue.

This isn’t to say that companies shouldn’t give money, however it is to explore the creative outlets of giving beyond financial resources. The top Fortune 500 companies that generously give a portion of their earnings appear cash-friendly, donating millions, which is only about between 1-10% of revenue. A thriving company that gives generously has ample opportunity to make a difference in the world.

Take Bank of America, for example. Although they give financially, they also strongly believe in giving personal time. Volunteering is essential to creating a better community. Bank of America employees receive 2 hours of PTO every week to volunteer in the community. If you add it up without including 2 weeks of PTO for leisure, that’s about 100 hours of volunteering per year each employee has the opportunity to take. Volunteer grants are a great way for companies to give without giving just cash or a check.

Another company allowing employees volunteer time is GlaxoSmithKline (GSK), a global healthcare corporation. GSK shows creative means of corporate philanthropy in the healthcare business, and believes that medicine is a great need among humankind. Two ways GSK gives back to the community is through “Orange Day” and the “PULSE Volunteer Partnership”. Orange Day occurs one day a year where employees are encouraged to go out into their community and volunteer where they see a need. The PULSE Volunteer Partnership matches employees with non-profits for 3-6 months of full-time work utilizing their skills and knowledge of healthcare among societies in need.
Companies have the opportunity to give on a base beyond finances. This can be collaborating with another company, hosting a community event, marketing through social media for a cause, or simply allowing employees volunteer time. No matter what provokes a company to give, or how a company decides what charitable organizations they give to, monetary deeds are just one of the many ways a company can positively impact society.

Why Small-Scale Philanthropy is Worth It

Whether you are empathetic by nature or interested in lending a hand for the first time, charitable giving is an honorable habit to adopt. As put by the United Way, “the idea of helping is fulfilling to those who have the desire and drive to give of themselves for the betterment of humanity.”

Philanthropic efforts serve as an equalizing opportunity to the benevolent. Just about anyone can be a philanthropist–selflessness takes many forms. Sometimes, small-scale donations like holiday meals can brighten a family’s spirits at a time when they would otherwise feel exempt.

Regardless of how or why you plan to give back, here are some reasons why small-scale philanthropy is a wise decision.

Small scale efforts can reflect broad issues

Small-scale philanthropic scenarios are typically microcosms of larger issues plaguing society. A family in need of Christmas gifts can potentially reflect the horrors of mass poverty. A volunteer opportunity at a children’s cancer hospital can reflect the need for medical funding. By aiding others on a smaller scale, your actions could, in turn, strengthen awareness of broader topics and progress the conversation surrounding them. Your generosity could essentially serve as a much-needed catalyst.

Giving back is becoming easier

Thanks to social media and crowdfunding domains, aspiring philanthropists of all financial levels now have a larger variety of ways to help others. For instance, websites such as Razoo and Kickstarter make it easy to construct a fundraising initiative and expose it to a large audience of subsequent donors. Furthermore, Facebook and Twitter make it possible to quickly spread awareness about charitable events taking place on a specific date. The amount of required effort is usually an overlooked variable in the eyes of the benevolent, but it is nice to know that the modern digital landscape has made these efforts easier to approach.

Philanthropy is becoming the norm in the US

Millennials are projected to make up about 50 percent of the United States workforce by 2020, and they total around 80 million in the US alone (NPT). Almost 85 percent of them donated to charity in 2014 and 70 percent volunteered. Therefore, as millennials continue to occupy a large portion of the country’s population, it is safe to assume–by means of a rhetorical syllogism–that philanthropy itself is on the rise. However, it does not matter when you were born–philanthropy in general now serves as a chance to be part of a progressive way of living and thinking.

The neurological and emotional benefits
Philanthropy can obviously have a profound emotional impact on those receiving donations, but it can similarly influence donors as well. According to the Vancouver Sun, “the act of giving can release dopamine–a powerful neurotransmitter–into the body of the donor.” Dopamine influences the reward and pleasure centres of the brain. Put simply–giving feels good.