The CorpsGiving Foundation engages in research programs regarding the impact of corporate social responsibility and corporate engagement in the community.
NEW REPORT IS OUT!
CorpsGiving and Realized Worth published their latest report on the true market size of the corporate purpose business. We intend to show that this market, as currently considered, is both overstated and understated. Much of the market conflates giving with investing in community and purpose. As practitioners and CSR managers, it’s key to know what is accessible for their work and what is passed through to the NGO community via donations. On top of that, most of the investment in community and purpose happens outside of the CSR department. So it’s too big and too small! You’ll have to read it to know what we mean.
Download the report HERE from our friends at Realized Worth. Tell us what you think whether we are all wrong or all right! As we revisit this over time, we hope to define the market as it really is.
RECENT Volunteer NEWS:
Growth in Volunteering Participation
Between September 2022 and September 2023, formal volunteering in the U.S. rebounded to 28.3% of the population aged 16 and over, totaling approximately 75.7 million individuals. This marks a return to pre-pandemic levels, reflecting a renewed commitment to community engagement. Census.gov
Globally, corporate volunteerism has seen a substantial rise. A report by Benevity revealed a 57% year-over-year increase in global employee volunteering participation, with the average participation rate climbing to 9.2% from the previous year's 5.9%. Benevity.com
Health and Well-being Benefits
Volunteering is linked to numerous health advantages. A study from Washington University in St. Louis found that even minimal volunteer activity is associated with slower biological aging for both retirees and working individuals. source.washu.edu
Additionally, research indicates that those who volunteer experience lower mortality rates, greater functional ability, and reduced rates of depression later in life. americorps.gov
Impact of Corporate Volunteer Programs
Corporate volunteering initiatives not only benefit communities but also enhance employee satisfaction and organizational culture. Deloitte's 2024 survey revealed that 56% of employees felt increased fulfillment and purpose through workplace volunteer opportunities, 55% reported strengthened community connections, and 52% experienced improved morale and teamwork. probonoinst.org
Challenges and Opportunities
Despite these positive trends, challenges persist. Nonprofit organizations report that while volunteer engagement is more crucial than ever, attracting and retaining volunteers has become increasingly difficult. dogood.umd.edu
Furthermore, a report by the Generosity Commission highlights a decline in the number of individuals donating and volunteering, emphasizing the need for renewed efforts to foster civic participation. vox.com
In response, innovative solutions are emerging. Platforms like OnHand, dubbed the "Netflix of volunteering," simplify corporate charity work by providing apps that enable employees to easily find and participate in local volunteering opportunities, thereby increasing engagement and social impact. ft.com