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Even though a for-profit company is in the business of making money, many for-profit companies are philanthropic and give back to causes in the community. Pepsi is a great ex. Have you heard of the Pepsi Refresh project? Since the public actually "votes" for the programs that they would like to see funded, it really is a collaborative effort. Another ex of a very public corporate grantmaking process is Chase Community Giving, which takes place entirely on Facebook (http://apps.facebook.com/chasecommunitygiving/) and people vote for the charities that they would like to see funded. The 100 "winning" charities share $5 million!

What are some other exs of for-profit companies that are philanthropic?

 

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M973172

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