Businesses Urged to Get Into Executeering
A venture philanthropy organisation is calling on businesses to donate their professional skills to charity. New research by Impetus Trust shows that just 13% of businesses provide executive volunteering opportunities, despite 60% believing that it is important for them to do so.
Dubbed ‘executeering’ senior business people donate their “day job” services to charities. Unlike traditional volunteering which tends to be physical support, such as painting, cleaning or leafleting, executeering involves giving senior executive time in skills that charities sometimes lack such as accounting, financial planning and strategic advice & management.
The recent government Giving Summit sought to open up a new discussion about philanthropy and the evolution of giving, all in the midst of George Osbourne’s recent budget announcement to reduce tax relief on charitable donations. Charities have warned that their funding is likely to be affected and the Impetus Trust is calling for more senior executives to donate their professional skills to charities, as one way of making up the financial shortfall.
Research amongst Britain’s business leaders revealed that two thirds of British bosses believe that staff learn new skills through volunteering and more than half say that donating time and skills provides more satisfaction than donating money.
Watch this video to find out more about executeering from the businesses who currently practice it and the charities that benefit.
For further information on executeering and philanthropy visit Impetus Trust.