The Vision for Growth is Becoming a Reality – The Satell Institute Expands
In late 2017 Ed Satell shared his long-term vision with the Advisory Board of the Satell Institute for the Institute’s Membership goal of 10,000 companies and foundations supporting Corporate Social Responsibility (CSR) across the country. This would have a giving impact of over a billion dollars a year to nonprofits of the members’ choice.
Who is the historic founder of Corporate Social Responsibility? Why has it grown in importance?
It’s fascinating that many would give the nod to a man who also founded libraries, universities and contributed countless other initiatives and inventions that improved the modern world – Benjamin Franklin.
Why at the Satell Institute Organizations Pick Their Own Nonprofits to Support
One of the cardinal principles of the Satell Institute (SI) is that it is cause agnostic. It encourages corporate members to decide for themselves, from among the broad multitude of worthy nonprofits, how they wish to direct their corporate philanthropy.
Groundbreaking Scientific Evidence that CSR Affects Consumer Purchasing Behavior
As a result of independent, groundbreaking research commissioned by the Satell Institute, significant statistical evidence has been found for the proposition that Corporate Social Responsibility (CSR) initiatives, including community and philanthropic support, drive favorable consumer perceptions of companies and positively impact actual, individual consumer purchasing behavior.
Government-Mandated Giving Undercuts CSR and Free Enterprise: Lessons Learned from India’s 2% Rule
Four years into India’s controversial law mandating Corporate Social Responsibility (CSR), there are important lessons any company can take from this experiment. The law bolsters the argument that voluntary CSR is most effective for the community and business.
93% of CEOs now believe purpose of business goes beyond wealth creation
The recent YPO 2019 Global Leadership Survey points to a significant cultural shift underway. Business leaders are increasingly moving away from Milton Friedman’s strict view of the role of business to a belief that business plays an important role in positively impacting society. The survey engaged 4,154 respondents including 2,283 CEOs across 110 countries.
Satell Institute Research Director Cited in Major CSR Study by The Chronicle of Philanthropy
The Chronicle survey found that gifts by some of the largest U.S. companies rose by 5 percent in 2017, and that the top recipients of companies’ dollars were community causes, K-12 groups, and higher education. Dr. Frumkin attributed this uptick in charitable giving to the dramatic shift that has occurred in how companies contribute donations, and what he called the “redefinition of what constitutes corporate philanthropy and corporate social responsibility” in the modern era.
Why Young Professionals Say Yes to Companies Committed to CSR
As the war for talent gets more competitive, research shows companies committed to Corporate Social Responsibility (CSR) have a strong leg up on the competition. Many college-educated young professionals are strongly interested in joining a company that “gives back”. Here are 7 important research facts that could explain why.
Study Reveals Companies Engaged in CSR Can Reduce Staff Turnover Rates by 50%
Corporate Social Responsibility (CSR) is quickly becoming a crucial part of any company’s long-term strategy – especially in the war for talent. An effective CSR initiative enriches the community and contributes to improving the company’s culture, boosting staff engagement and helping to retain the best people.
Building Your Company’s Pipeline of Future Talent by Supporting Educational Needs of Promising High School Students
A successful Corporate Social Responsibility (CSR) partnership of business and a science-oriented nonprofit is attracting young people of potential to become interested in STEM careers. And perhaps to later join their company.