The Gurdwara is a place where Sikhs will gather to worship the Guru Granth Sahib which is their form of holy book (Religions – Sikhism: The Gurdwara, 2009). The Gurdwara allows the Sikh community to learn spiritual wisdom, faith, ethics customs and traditions (Religions – Sikhism: The Gurdwara, 2009). Aside from its spiritual value, the Gurdwara is also recognized as a Community Centre, which offers food, shelter and companionship for those who need it (Religions – Sikhism: The Gurdwara, 2009)....
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In his article titled The New Elite’s Phoney Crusade to Save the World Without Changing Anything Giridharadas argues it is becoming increasingly obvious that particularly within America, the capitalist system – otherwise the ‘service machine’ of human progress – is broken, with rising levels of global inequality and the exceedingly disproportionate distribution of global wealth increasingly recognised as symptomatic of a rigged system, designed to elevate and restore the wealth of already rich at the expense of others (Harvey, 2007,...
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Capitalism in the 21st century has resulted in dividing the rich and the poor. A majority of the population falls under the working class and sustain on either daily wages or monthly. Philanthropy is an idea which could help the rich make efforts to ensure the wellness of the poor. Over the years many philanthropists have been making efforts to help the poor and needy. These efforts have proved to be successful and have changed the life of many individuals....
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Bill Gates is renowned as an American computer programmer and business magnate who co-founded the world’s largest personal computer software company Microsoft. Since the formation of his company in 1975. The business mogul has held more than a few high placed positions, including those of the CEO, chairman as well as chief software architect. The unprecedented success of Microsoft placed Gates in the realm of the rich and the powerful, and he has always been listed among the world’s wealthiest...
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Abstract In this paper, seven specific questions regarding the future of fundraising will be answered and discussed through outside research. Questions that will be discussed and answered include, Who will replace the Greatest Generation as the most generous benefactors? What ethical challenges will fundraisers face that are the same or different than today? What skills and talents will fundraisers need in 10 years? Today, most major gifts are secured face-to-face. What role will social media, artificial intelligence, crowdsourcing, etc., play...
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The world is at a pivotal moment for global development cooperation. While many stakeholders are brought increasingly into international development processes, philanthropy stands apart, despite the scale, ambition and potential of philanthropy’s contributions to international development. Its resources are growing as a proportion of total Official Development Assistance (ODA), and in 2011 philanthropic North-South flows from OECD DAC donors alone was at least US$59 billion. But philanthropy should not be viewed principally as “gap filler” for ODA. Instead, and crucially,...
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Introduction In the business and corporate world today, Corporate Social Responsibility (CSR) is a principle that is both expected and required from an ethical point of view. Organisations are required to fulfil CSR through four main elements, namely, economic, legal, ethical / moral and philanthropy. What is Corporate Social Responsibility Corporate Social Responsibility is a concept that is expected from all organisations and business entities that they should contribute to the wellbeing of society, community and not be purely focused...
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Introduction Over the recent decades, the issue of the benefits and risks associated with Corporate philanthropy (CP) has been an evolving topic on shareholders and the society as they have developed stronger expectations of firms behaving in a socially responsible way. Houqe at el (2016) purport that society’s perceptions play an important raw in contributing to firm’s success in the current business environment. In addition, society’s perception over a firm act as a stimulus for the organisation to grow its...
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Modern definitions of philanthropy According to Johnson (2016), philanthropy is defined as the “love of mankind; good nature”. It is the thing done for a good cause with a good heart to help someone. “One old-fashioned view of philanthropy holds that it should simply alleviate individual suffering and do nothing more” (Schmitt, 2015). In olden times, People used to Volunteer for social work without any selfish or personal motives. People use to come along for fighting against the social problems....
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Its etymology describes the motive and ambition to aid and to improve the progress and quality of living of others. In practice, philanthropy builds public good, by granting money to numerous causes and by supporting the less fortunate and unprivileged people. Promulgating philanthropy is a socially desirable initiative. From a utilitarian point of view, there are citizens gratified with getting funds for free. The vital query is the reason for which wealthy individuals would experience the “love for humanity” and...
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Introduction The current increasing use of the earth’s natural resources put a raising pressure on our planet’s ecosystem. This ecosystem which supplies vital resources is one of the key factors that human life depends on, along with waste absorption. What happens if human life using all of the available natural resources, what if the waste that man produces is no longer has a way to be disposed of. Such questions arise in the modern world today and the hope for...
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These days, when we hear about philanthropists, people generally praise them and call them heroes or “angels”. When wealthy people use their money to help those in need, people are expected to give utmost gratitude and praise them for their selflessness. People or communities, more often than not, accept them wholeheartedly without uncertainties because of the need to have the financial or material support to address their dire condition possibly caused by disasters. Philanthropy, as defined in Merriam Webster, is...
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With rolling green hills and rivers, Davos looks like the Von Trapp family’s paradise. Just a tiny village nestled in a Swiss valley, Davos is home to the World Economic Forum (WEF) meeting. Each year, the worlds’ elite business, social, and political leaders – including the likes of Bill Gates, Angela Merkel, Al Gore, Matt Damon – meet for four days to discuss “improving the state of the world,” (Meredith, “Who’s Going to Davos?”). Following these leaders is an entourage...
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Think back on history of presidents all the way to the very first, George Washington. What do almost all of them have in common? How about the Apollo 11 crew… What do they all share in common? Lets include the eighty percent of the top Fortune 500 companies too. Do you know what we get? It just so happens that they all ended up being part of a Greek organization in their college years. Dating back to the first chapter,...
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The definition of Corporate Social Responsibility (CSR) carries a level of ambiguity within the public and private sectors. Although authors are influenced by popular definitions there is a clear expectation among literaries that businesses should uphold a set of moral values and/or actions (Garriga & Mele, 2004). One of the most popular approaches to CSR programming that businesses use as a guideline is an ethical framework (Lee, Kim, Lee, 2012). Ethics based CSR initiatives can be drivers of economic and...
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Abstract Despite the numerous amount of study done on the impacts of corporate philanthropy and corporate social responsibility from a business’s perspective, not enough attention is being paid on the community’s perspective. Corporate philanthropy could potentially result in intentional and/or unintentional negative consequences for the target beneficiaries. This paper will first define corporate philanthropy before highlighting three possible ways of firms harming the community – threatening their livelihoods, destabilizing communities through corruption and fraud, and overly focused on programs with...
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The term Philanthropy means doing some or volunteering a charity work and strategic philanthropy refers to the organization which practices the charitable activities which are related to their business or a specific issue. Summary In the last decennia, the discussion around firms undertaking philanthropy has moved all the more overwhelmingly towards strategically motivated giving, where beside the advantages gave to society, the advantages of philanthropy to the firm are similarly considered. This way to deal with philanthropy is known as...
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