Corporate Foundations & Giving Programs
Corporate Foundation:
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 company’s 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.
In This Area
- Corporate Giving Survey
The findings of our second bi-annual survey about Michigan corporate giving conducted by CMF and Michigan’s Business Contributions Council in 2012.
Materials
- Accountability Self-Assessment Tool for Private Foundations
Private foundations can use this tool to ensure they are complying with federal laws and to assess how well they are engaging in recommended practices for being accountable to the public. - Guide to Creating A Successful Matching Gift Program
Concrete advice on eight critical issues related to the design, implementation and operation of a corporate matching gift program. Sample forms and case studies included.
Links
- Bussiness Contributions Council: A Legislative Look at Corporate Philanthropy in 2013 [Recorded January 2013]
CMF President & CEO Rob Collier will lead an interactive webinar on the impact of the Governor's "State of the State" address and the recent legislative action in Lansing and Washington D.C. that will have an effect on corporate foundations. All foundation staff and policy staff are invited to participate. - Compliance Guide for 501(c)(3) Private Foundations [PDF]
A guide provided by the IRS outlining the law and its restrictions, detail reporting requirements, IRS forms that must be filed, and a summary of recordkeeping obligations for private foundations.
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