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The Benefits of a Company Making Charitable Donations

Finance

The Benefits of a Company Making Charitable Donations image charityWhen you run a business or own a company it is important to give back to the community you are in. Many Fortune 500 companies give back to different areas where they have offices. Small businesses can get in on this as well. When making multiple contributions and donations annually, it is important to keep track of the records for both the organization’s and business’ benefit. Sites out there can help streamline the process to make sure all funds are allocated properly.

Helping the community around you offers a huge benefit for you and for your community. There are perks that come from donating to charities and there are benefits for both sides of the contribution. Here are a few that you can look forward to when your company donates.

One of the first benefits a company receives is the exposure in their community. This helps to make people who may not have been aware of your services more aware. This helps to get your name out in the community. This benefit also includes that you have a good image and picture in the community. You must have a positive image in the business or people flock to those who do. Businesses with solid reputations and ones for giving back make them more appealing to those who are looking for their types of services.

Another benefit is that of the perks related with donating to an event or charity. An example would be a company that donates to a benefit concert. The company may receive tickets to the event as a thank you for donating. This could also include advertising if you work with a company that provides advertising. Advertising and marketing can cost a pretty penny so when you can get it for free that’s always a perk.

Helping community events out means that you are giving back to the community and can enjoy the event yourself. Another example would be a gala that a charity is putting on in your local town. You donate to the gala and then may receive tickets to the event. At these events you may receive gift bags or fine dining.

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As mentioned above another great benefit is building your image and reputation in the community. This is very important to the success of your company. Companies who have a reputation for giving back and for remembering the ones who got them their successes do much better than those who don’t. When you are donating to a charity you must be careful and research your options.

While there are many wonderful charities out there, there are many that try to be deceitful. There are some charities that put on a front and not reliable charities. Be sure that you research carefully to find ones that will not cause issues down the road. Make sure that you have legitimate charities that you are donating too.

Donating to charities is a great way for businesses to give back to their communities and also benefit themselves. It is also vital that businesses keep their records organized and  ensure that everything is properly done. This will help you in the long run to make sure your donations are legal and that you and your benefactor are taken care of.

Comments on this Article: 2

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  1. Danny says:

    Hi, I work for a company that is considering donating to charities and also benefiting from the charities brand on their website. My question is, is it detrimental to donate to multiple charities and publicise this on the site or should they just focus on one charity?
    Any advice on this would be most appreciated
    Thanks
    Danny

  2. Emma says:

    Hungryhouse has helped Action Against Hunger by donating 10p to the charity everytime someone buys a meal from an Indian restaurant. Here’s some more info: http://www.actionagainsthunger.org.uk/get-involved/friends-and-stories/hungryhouse-supports-action-against-hunger/

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