6. Engagement with stakeholders
Well-designed corporate foundations are often those where all stakeholders are engaged with and supportive of their activities. Internally, your executive team and employees at all levels can be taken along on the planning journey, and their engagement can be encouraged by involving them in the decision making, including through participation in a grants committee.
From our experience, it’s also important to engage external stakeholders. Dependent on the cause area, these might range from customers, investors, communities, thought-leaders, the media, local leaders, or local authorities.