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Corporate foundations

  • 1.  Corporate foundations

    Posted 07-12-2022 01:18 PM
    Hello! According to CASE global reporting standards, company-sponsored foundations should be report as Corporate giving.  Is there a trick to identifying these or can we assume that any foundation which includes a corporate name is sponsored by that company? For example, a gift from GEICO Philanthropic Foundation is automatically considered Corporate? 

    Thank you,
    Marta
    50CASE GLOBAL REPORTING STANDARDSthat have been created by business corporations and funded exclusively by their companies.


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    Marta Kostrzewa
    Finance and Administration Manager
    Pratt Institute
    mkostrze@pratt.edu
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  • 2.  RE: Corporate foundations

    Posted 07-12-2022 01:47 PM
    No - you cannot make that assumption.  Many standalone Foundations - like the Ford Foundation - were established as independent organizations and not as affiliated foundations.

    The CASE Standards in the past have offered other examples of similar cases.

    When in doubt, you can look the foundation up in Guidestar/Candid - or contact the foundation directly.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987