How To Incentivize Philanthropy

Philanthropy is a natural human tendency, although it doesn’t always occur naturally in the business world. There are many exceedingly generous people out there, some of them business owners that extend their selflessness to the world at a company level. Many organizations as a whole create a situation where their overall philanthropic contributions vastly outweigh what each of their employees could have contributed individually.

But philanthropy is needed as much as it ever has been, if not, more. Oftentimes, corporations, school boards, and legislations deem it necessary to provide incentives that encourage individuals and groups to contribute to philanthropic efforts. And the research shows that these incentives truly work.

The Right Policy is Essential

In order to create incentives for people to contribute to philanthropic organizations on a massive scale, the right policies must be put into place. This often involves rigorous deliberation throughout the process of choosing between policy options.

Since policy options of this kind include an array of minute details and complex rules, the decision-making process must have enough voices in the mix to bring any issues with the different options to bear. Much of what factors into a policy decision comes from empirical evidence that comes from…