Dear John,
Environmental, social and governance (ESG) is a growing movement designed to pressure businesses and investors to pursue larger social goals including philanthropy.
ESG advocates argue that greater corporate philanthropy will increase public awareness of non-profit organizations and encourage donations of money and time.
But a new essay published by the Fraser Institute today explains how research suggests the opposite — that people chose to give less money to non-profits with corporate sponsors.
Basically, corporate donations may replace, rather than add to, donations by individuals because people often chose to support other non-profit organizations not supported by corporations. So the overall effect of corporate giving could actually be a net loss for non-profits.
Read the full essay here [[link removed]], and please help us spread the word by sharing it with your friends and colleagues!
Sincerely,
Niels Veldhuis
President
The Fraser Institute
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