The Unfulfilled Promise of Corporate Philanthropy

Thomas W. Dunfee

in Giving Well

Published in print January 2011 | ISBN: 9780199739073
Published online January 2011 | e-ISBN: 9780199855872 | DOI:
The Unfulfilled Promise of Corporate Philanthropy

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Rejecting Milton Friedman's classic position, this chapter develops an account of corporate philanthropy as a legitimate corporate activity. The author evaluates arguments for and against the view that corporations are obligated to engage in philanthropy. With the main exception, and from the perspective of efficiency, the chapter proposes that corporate giving be grounded in corporate core competencies. In rare cases, corporate philanthropy is mandatory. In particular, firms that have a “unique human catastrophe rescue competency” may have a moral obligation to render aid as needed.

Keywords: core competency; corporate obligations; corporate philanthropy; corporate social responsibility; duty to rescue; Milton Friedman

Chapter.  9603 words. 

Subjects: Philosophy

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