A corporate (company-sponsored) foundation is a private foundation that derives its grantmaking funds primarily from the contributions of a profit-making business. The company-sponsored foundation often maintains close ties with the donor company, but it is a separate, legal organization, sometimes with its own endowment, and is subject to the same rules and regulations as other private foundations.
Corporate Giving Program:
A corporate giving program is a grantmaking program established and administered within a profit-making company. Gifts or grants go directly to charitable organizations from the corporation. Corporate giving programs do not have a separate endowment; their expense is planned as part of the companyís annual budgeting process and usually is funded with pre-tax income.
Current Membership Statistics:
Approximately 10% of CMF's members are corporate foundations and/or giving programs.