Asked by Tatum Briggs on Jun 29, 2024

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Which of the following is NOT an example of corporate philanthropy?

A) Supporting the local public radio station
B) Sponsoring a Red Cross blood drive
C) Paying local property taxes
D) Giving employees release time to participate in volunteer activities

Corporate Philanthropy

Effort of an organization to make a contribution to the communities in which it earns profits.

Public Radio Station

A radio station that is funded by public means, such as government grants and listener donations, rather than commercial advertising.

Local Property Taxes

Taxes levied by local governments on real estate and sometimes other property, based on the assessed value of the property, used to fund public services and infrastructures.

  • Familiarize yourself with the various aspects and considerations relevant to corporate social responsibility.
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MC
Malcolm CasonJun 29, 2024
Final Answer :
C
Explanation :
Paying local property taxes is a legal obligation for companies, not an act of corporate philanthropy, which involves voluntary support for the community or social causes.