Foundation Grants
Community Vital Signs
About Us
When it comes to corporate social responsibility, India's government and public sector companies are at the top of the list.
But when it comes to companies of all sizes, they're at the bottom, the Economic Times reports.
According to a survey of 185 organizations by consulting firm Deloitte, only 28% of Indian companies feel "very prepared" to deal with the "complexities of impact investing."
The survey also found that nearly half of government and public-sector organizations were "the highest level of unpreparedness," the Times of India reports.
The survey found that one in four companies in India spend more than $100 million on CSR, and 80% of those organizations say it's a "critical part" of their strategy.
"CSR has evolved from a compliance function to a strategic driver of corporate strategy, now prominently featured on boardroom and investor agendas," says Sumeet Salwan, a partner at Deloitte India.
The survey also found that companies in the financial, technology, media, and telecommunications sectors were most likely to have a CSR team.
Read the Entire Article
Selected Foundation News
A customized collection of news from foundations from around the Web.
San Diego's Second Chance is known for its efforts to help at-risk youth turn their lives around, and on Thursday, the nonprofit will celebrate its success at its annual Legacy of Impact...more
When it comes to job creation, there's no country in the world more in need than Nigeria, which has the highest rate of joblessness in Africa at 11.1%, per the World Bank. And that's why the...more
"In addition to whatever assets life has nurtured in me, I have a disproportionate amount of money to share," MacKenzie Scott writes in her Giving Pledge letter. "My approach to philanthropy will...more
A California school district is in the middle of a battle with its own board of education over budget cuts. The West Palm Beach Post reports that the West Palm Beach School District's board of...more
It's called the Global Innovation Lab for Climate Finance, and its mission is to "unlock trillions in private finance for climate action" in developing countries, per a press release. It's 10...more
A group of financial regulators from around the world have come together to create what they say is a first-of-its-kind platform to track and manage climate-related risks in the global financial...more
Elderly residents of Massachusetts will no longer have to travel to nursing homes or other long-term-care facilities to receive care. The state has awarded $1.1 million in grants to 11 hospitals...more
Detroit's young artists are getting a boost from a $75,000 grant from the National Endowment for the Arts. The Detroit Excellence in Youth Arts program, a partnership between Connect Detroit and...more
Harvard's John F. Kennedy School of Government has a new member. Marilyn Raichle, who holds a master's in public administration and a bachelor's in political science from the University of...more
"We believe in the transformative power of AI and its potential to create positive change," says Anita Whitehead, head of impact at audit, tax, and advisory firm KPMG, which this week announced an...more
Social Entrepreneurship
Spotlight
200 New Jobs To Be Created With Social Enterprise That Reuses IT
The Regional and European Co-Operative for Social Industry (RECOSI) is a new Irish social enterprise which aims to divert IT and electrical goods from being recycled.