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Giving WellThe Ethics of Philanthropy$
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Patricia Illingworth, Thomas Pogge, and Leif Wenar

Print publication date: 2011

Print ISBN-13: 9780199739073

Published to Oxford Scholarship Online: January 2011

DOI: 10.1093/acprof:oso/9780199739073.001.0001

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The Unfulfilled Promise of Corporate Philanthropy

The Unfulfilled Promise of Corporate Philanthropy

Chapter:
(p.243) 12 The Unfulfilled Promise of Corporate Philanthropy
Source:
Giving Well
Author(s):

Thomas W. Dunfee (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199739073.003.0013

Rejecting Milton Friedman's classic position, this chapter develops an account of corporate philanthropy as a legitimate corporate activity. The author evaluates arguments for and against the view that corporations are obligated to engage in philanthropy. With the main exception, and from the perspective of efficiency, the chapter proposes that corporate giving be grounded in corporate core competencies. In rare cases, corporate philanthropy is mandatory. In particular, firms that have a “unique human catastrophe rescue competency” may have a moral obligation to render aid as needed.

Keywords:   core competency, corporate obligations, corporate philanthropy, corporate social responsibility, duty to rescue, Milton Friedman

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