The BOOST! Prize competition will provide a lift for companies to develop and execute innovative philanthropy initiatives.
Corporate philanthropy programs get a BOOST
The Pakis Center for Business Philanthropy at the Arizona Community Foundation launched its first-ever BOOST! Prize competition, offering up to two prizes at $40,000 each to recognize mid-sized, Arizona-based companies that are on their way to developing and executing innovative philanthropy initiatives, but needed a “boost” to further enhance, grow or scale their efforts.
Applications from more than a dozen companies were received before the deadline and selections will be based on how the company’s philanthropy initiative is aligned with its core business, how the company applies its resources to philanthropy including employee time and skills, cash or in-kind product, how company leadership is involved, and how the company supports philanthropy initiatives through its systems, incentives and policies.
A selection committee composed of community members and ACF board members and staff will present a slate of winners to the leadership at The Pakis Center for Business Philanthropy and ACF.
Winning organizations will be announced in early 2017.
Report sheds light on corporate philanthropy
The L. William Seidman Research Institute at the W. P. Carey School of Business at Arizona State University conducted a study to examine the motivations for corporate philanthropy, potential benefits for implementing firms, and examples of societal impacts. This 2015 study, The Business Case for Corporate Philanthropy explores the business case for corporate philanthropy, on behalf of the Pakis Center for Business Philanthropy at the Arizona Community Foundation.