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While every business needs to have a culture of philanthropy, it’s also not necessary for anyone to be rich to start doing so. This can be done early on, regardless of the organization’s size. It can help boost employee morale and encourage other businesses to do the same. Besides directly supporting a cause, philanthropy can also help boost sales and improve customer loyalty.

Donate (Some of) Your Profits

One of the easiest ways to make a charitable partnership work is by donating a portion of your profits to a good cause. This can be done by selling a product or the entire catalog. It can also support other charitable organizations by matching the donations.

Encourage Philanthropy in the Workforce

Companies have found great success in encouraging more philanthropic mindsets among their employees. One of the most effective ways to do this is by holding a quarterly team-building event. This can be used to build a stronger relationship between your employees and the company.

Volunteer Time and Resources

Before you start a charitable partnership, it’s essential that you first identify what makes your company unique and what makes it better for your clients and consumers. Doing so can help boost the life of a nonprofit. Consider what your business can offer to a nonprofit, including resources and employee time. Both are valuable but use them appropriately to get the most out of them.

Spread the Love

Instead of just partnering with a single and large organization, consider supporting multiple local causes. This can help boost the effectiveness of your partnership and make it easier for you to identify the right cause. Better yet, it will let employees pick and choose what they feel most comfortable supporting.

Paid Volunteer Hours

Unfortunately, many companies have limited resources to support their charitable activities. One way to help alleviate this issue is by giving employees additional paid time off – volunteer hours. This can be done through volunteering or participating in charitable events. You’ll be able to learn more about your team’s passion for giving back.