[ COMMUNITY IMPACT ]
IN THE BUSINESS OF GIVING BACK
Lewis Kweit (top row, 4th from left) with fundraising Team Kweit at the 2019 New York Lymphoma Walk. Kweit provides pro bono legal services to LRF through his law firm Akin Gump Strauss Hauer & Feld
Corporate social responsibility is a cornerstone of many companies and has become an increasingly important business practice. Being a socially responsible company helps businesses “do good” while building credibility among their customers and employees. While many companies rely on monetary donations to give back to causes, some businesses find it more impactful to make in-kind contributions — donations of goods, services or time.
In 2019, corporations donated over $20 billion to nonprofit organizations According to Double the Donation, corporate philanthropy increased by more than 15 percent between 2013 and 2017 and is estimated to continue growing. In fact, in 2019, corporations donated over $20 billion to nonprofit organizations. Many organizations, such as the Lymphoma Research Foundation (LRF), have long-standing partnerships with businesses that support LRF’s mission by giving back through goods and services. This allows organizations to free up time and money towards serving their communities.
PULSE | SPRING EDITION 2020
