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Its donations are an example of: corporate philanthropy.
- The Council on Foundations defines corporate philanthropy as the voluntary investments and endeavors a company makes to control and account for its social effect. Money is invested in philanthropic endeavors and activities. contributions of goods. provided in-kind.
- Corporate donations to charity groups last year exceeded $20 billion, according to research by Double the Donation.
- A corporation or business supporting the wellbeing of others through philanthropic donations of money or time is said to be engaging in corporate philanthropy.
- When thoughtfully planned and implemented, corporate giving initiatives can give businesses a competitive edge. Giving to charity is one way to improve a brand or business's reputation and name recognition among consumers.
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To learn more about philanthropy, refer: https://brainly.com/question/1430836
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