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Article

30 Oct 2011

Author:
Deborah Yedlin, Calgary Herald [Canada]

Special Report on Philanthropy: Companies go beyond chequebook philanthropy

What's clear is that the world of corporate philanthropy is anything but static. The latest shift is that companies are moving beyond being all things to all not-for-profits, to meaningfully supporting a smaller number of organizations...Jocelyn Daw, president of JS Daw & Associates, calls it the evolution of social entrepreneurship. "Companies are moving away from sprinkling pixie dust everywhere to targeting their corporate philanthropy to where it can have a bigger impact. Being a mile wide and an inch deep doesn't work anymore," said Daw, who has advised a number of Calgary-based companies on how to leverage their impact in the community through philanthropy. Companies are looking to benefit from meaningful sponsorship of not-forprofit organizations..."There's a difference between giving money away and driving impact," says Daw. "Corporations are moving toward philanthropy that has an impact in the community."[also refers to Canadian Imperial Bank of Commerce, Enbridge, Cenovus, FirstEnergy]