WHAT SMALL BUSINESSES SHOULD KNOW ABOUT DONATING

by Chart Westcott | Feb 23, 2021 | Blog, Chart Westcott, Donation, Giving, Philanthropy, Uncategorized

Donating is one way of giving back to your community. It is an act of compassion that helps a business to build goodwill and benefit the community. Charitable donations may also be a source of stress, and it might come with so many difficulties. Here are some of the things a small business should know about donating.

1. Donating Comes With Benefits

It also helps in network building. Small businesses can network with potential partners and develop associations with other corporations through charitable giving.

Another benefit of donating is promoting staff morale. Individuals feel good and motivated if they work for a business that gives back to their community.

2. Donate to an Organization That Fit Your Corporate’s Values

3. Ways of Donating

• Volunteer: As a small business, you can donate your time to a significant cause. You can volunteer at a charity run, soup kitchen, and homeless shelter.

• Start a charity drive: As a business, you can correct food items that are unperishable and distribute them at food banks.

• Sponsor a sporting team: Youths have come up with teams but are always searching for sponsors. As a company, you can donate towards uniforms and field upkeep.

• Donate online: You can create virtual contribution platforms to offer automatic donations.

Conclusion

originally posted on chartwestcott.net

Chart Westcott is Co-Founder and COO at Ikarian Capital, LLC a long/short equity biotech focused investment adviser. Read more at http://chartwestcott.net.

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