In the face of a pandemic, business, philanthropists and public institutions are joining forces. And although philanthropy cannot replace the government's efforts to fight a pandemic, it can quickly, flexibly and sensibly support those who need help. There are many positive examples of such actions. When the World Health Organization (WHO) declared COVID-19 a pandemic,...
Every year, more and more people decide to share their 1 percent of tax with social purpose organizations – a tax mechanism introduced by the Polish government in 2003 to support social purposes. This mechanism is extremely important to the social sector but when you look at it closely, you can see its imperfections. Experts...
CEOs are facing quite a challenge. On one hand, they have to meet the expectations of shareholders - that the company will generate the highest possible profit. On the other hand, they are facing the expectations of stakeholders - employees, society, customers - that the company will be socially involved. Can strategic philanthropy, in the...
Social enterprises are businesses created to further a social purpose in a financially sustainable way. We had a chance to speak to Jamie Palmer, Head of Social Enterprise Services at the EY Foundation, and Founder of Social Supermarket. Jamie sheds light on social enterprises in the UK, and the climate in which they operate, the...
Author: Marta Kozielska, UK Consultant for Social Impact Alliance for Central & Eastern Europe Impact Investing Summit London, Dec 4-5, 2019 Annually, Impact Investing Summit gathers experts and disruptors who innovate ways in which social impact is and should be more widely thought of, enforced and delivered by both individual and intuitional agents. The two-day...
While more and more people understand that supporting others is worth their time and effort, hardly anyone knows what measurable tax benefits it can bring to the donors themselves. This is why Calculator for Philanthropists (https://ceeimpact.org/calculator/) was created – the first online tool of this kind in the Visegrad Group countries. With just four clicks,...
Magdalena Sławińska-Rzemek, Tax advisor V4 Group: Legal, Tax & Audit Advisory Group Helping others matters. Nowadays both the young and the elderly are aware of this. However, not everyone knows or remembers that donations can also bring financial benefits to the donor himself. This is due to the tax deductions. Why tax relief for donors?...
370 billion Euro (427 billion USD). So much money, according to Giving USA, was donated to charity in the United States, one of the most mature markets in the world in terms of philanthropy, in 2018. According to Laura Arrillaga-Andreessen of Stanford PACS, Americans spend every third dollar donated to charity strategically. Strategically, meaning with...
Being a Philanthropist sounds so nobly that it is difficult to admit you may actually be one. Most people have an automatic connotation with a high net worth individual from the front pages of business magazines. And yes, wealthy and influential people are a very important group of philanthropists. But they are not the only...
Philanthropy is not about the money. It’s about the change. Central & Eastern Europe has continued to develop economically and is considered to be a stable region for business. Nonetheless, it is facing enormous social challenges such as aging society, ecological issues and competence gap. The potential of the ones who provide private capital to...
