Article at a glance:

The state of corporate philanthropy: A McKinsey Global Survey

• Corporate philanthropy can help companies meet consumers’ rising expectations of business’s role in society, say respondents to a McKinsey global survey.
• However, only about a fifth of all respondents say that philanthropic programs at their companies are meeting social goals and stakeholder expectations.
• At these companies, philanthropy programs are likelier to address social and political issues relevant to the business, to be collaborative, and to meet any business goals companies have for them.
• Another small group of respondents say they intend their philanthropic programs to go beyond enhancing company reputation by addressing concrete business goals, such as learning about potential new markets.