Philanthropy
Stakeware corporate philanthropy module
Today, companies want to measure value and accomplishment, not based on corporate resources provided, but by actual outcomes achieved. They want to use corporate philanthropy initiatives more strategically to improve their brand, and to improve their competitive advantage. Corporate philanthropy has moved beyond grant-making. It is now regarded as an essential business practice that is in the best interest of shareholders and stakeholders alike, and it is often included as a part of a company's mission and business practices.
"true strategic giving addresses important social and economic goals simultaneously [by] targeting areas of competitive context where the company and society both benefit because the firm brings unique assets and expertise." Corporations benefit because their charitable efforts improve their competitive context-the quality of the long-term business environment in the locations where they operate. Society benefits because the corporation's assets and expertise are used to address important social problems. Social and economic goals are integrally connected, not in conflict, so that corporate philanthropy and stakeholder interests converge."2
According to leading research2, despite the recognition of the importance of context-focused philanthropy, most executives doubt that their philanthropy programs fully meet their social goals or stakeholders' expectations for them.
Stakeware's corporate philanthropy module provides all the essential features for managing, tracking, and approving grants, donors, prospects, while managing gifts, pledges and payments. But more importantly Stakeware's software helps you to improve your competitive advantage by giving you the tools to be more strategic. By capturing, mapping and visualizing qualitative data, you will have a more complete or holistic view of your corporate philanthropy initiatives. You will be able to answer and visualize questions that are of a qualitative nature. For example:
Have we become more proactive with our philanthropy dollars over the last past year?
How effective is our corporate philanthropy in addressing the key issues & grievances of our stakeholders?