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Philanthropy has a place in your business plan, says Inc.

August 25, 2010

Are you waiting to give back to your community after your business is more securely established? While that is an important factor to consider, there are reasons to put philanthropy into your business plan from the beginning, as a recent article in Inc. suggests.

Whether you donate time or resources, you can gain good will as a good corporate citizen that reaps practical benefits beyond the good feeling of helping to make your community better.

Alabama Giving surveyed businesses across the state and provides a full report of their website. And the Inc. article provides practical tips for making philanthropy part of your strategy for a successful business.

Your Community Foundation has worked with many businesses to use an Advised Fund as a way to manage giving in good years so there is always something available for charity in lean years. If you have other ideas, let us know by adding a comment.

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