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.
After receiving applications from more than a dozen companies, a selection committee composed of community members and ACF board members and staff presented a slate of winners to the leadership at The Pakis Center for Business Philanthropy and ACF.
Selections were based on how the company’s philanthropy initiative aligned with its core business, how the company applied its resources to philanthropy including employee time and skills, cash or in-kind product, how company leadership was involved, and how the company supported philanthropy initiatives through its systems, incentives and policies.
In early 2017, ACF's Pakis Center for Business Philanthropy announced Fann Contracting, Inc. and Goodmans Interior Structures as the two BOOST! Prize Winners.
Fann Contracting, Inc. was established in 1960 by James and Sylvia Fann and for over a half-century the company has been fundamental to Arizona’s infrastructure, handling roadway construction throughout the state, public works projects, landfills, underground utilities, and commercial site development.
Goodmans Interior Structures serves corporations, hospitals, universities, and government agencies located in Arizona and New Mexico. Established in 1954, the company has developed a reputation for being a family-owned business that specializes in customer-centered service, innovative office design, and a commitment to the community.
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.