Sarah Ford | October 20, 2014
What’s the Best Way to Market Your Charitable Giving?
By David Hagenbuch
From the red Dell laptops for AIDS awareness to pink Nike high-tops for breast cancer research, more companies are embracing social causes as ways of helping themselves and others. Such cause-related marketing generally produces win-win outcomes: The for-profit companies generate goodwill and earnings, while the nonprofit causes share in income they may not otherwise have seen.’
Granted, some cause-related marketing slips below the floor of decency. For instance, when a for-profit company donates to a worthy cause but then spends even more money on advertising to tell others the good it’s done, or when a nonprofit organization misappropriates the gifts it receives.
These unusual cases aside, the notion that cause-related marketing tends to produce mutual benefit does not mean that all of such benevolence is equally good. From the for-profit partner’s perspective, some cause-related marketing practices are better than others. The difference tends to be a function of how strategically a firm approaches its philanthropy, which can be separated into three distinct categories of cause-related marketing: Good, Better and Best.
Get Resources and Insights Straight To Your Inbox
Explore More Articles
The Time to Act is Now
The results of the 2024 National Assessment of Educational Progress (NAEP) are in, and the findings are, in a word, heartbreaking. This assessment serves as…
Read ArticleOpen Position: Non-Profit Account Manager, Employee Assistance Funds & Scholarships (Remote – Full Time)
We are professional, agile, customer-centric and our goal is to inspire employees and organizations to support causes they care about. We help nonprofits fundraise unrestricted,…
Read ArticleEXCITING NEWS: Humane Society of The United States and Humane Society International is now HUMANE WORLD FOR ANIMALS
For over 70 years, Humane World for Animals, formerly called the Humane Society of the United States and Humane Society International, has worked around the globe to…
Read ArticleGet Resources and Insights Straight To Your Inbox
Receive our monthly/bi-monthly newsletter filled with information about causes, nonprofit impact, and topics important for corporate social responsibility and employee engagement professionals, including disaster response, workplace giving, matching gifts, employee assistance funds, volunteering, scholarship award program management, grantmaking, and other philanthropic initiatives.