– Due Diligence When Investigating Charitable Organizations Is Critical
to Mitigate Legal, Financial and Reputational Risks –
PLAINSBORO, N.J. (April 23, 2014) – JK Group, the leading end-to-end solutions provider of software and value-added services for corporate philanthropy, today announced the availability of its newest complimentary white paper, “The Importance of Compliant Giving Programs.” With corporate giving on the rise – the Committee Encouraging Corporate Philanthropy reports that total giving increased for 59 percent of the companies it surveyed – the white paper outlines the complex issues that organizations must overcome to ensure a compliant and successful philanthropy program, both locally and globally.
According to the Charity Commission, fraud, financial abuse and financial mismanagement were featured in nearly 80 percent of its investigations into charities in 2013. Identifying the key elements related to mitigating legal, financial and reputational risk for corporations, JK Group’s researchers have provided critical insight, as well as recommended next steps, for companies interested in implementing an effective, compliant giving program.
With globalization continuing to connect the world and make it smaller, companies must think globally when developing philanthropic programs. According to the white paper, successful international giving programs must overcome differences in language, culture and currency, but most importantly, companies must ensure the non-profits are legitimate aid organizations with established reputations. Fraudulent groups, terrorists and scammers prey on the good intentions of giving programs. Due diligence, including compliance with international laws and tax legislation, is critical to mitigate legal and reputational risks for the giving corporation.
“Corporations can stimulate positive change throughout the world – and within their own workforce – with their philanthropic activities. And, while there are numerous challenges and complexities associated with establishing a giving program, companies should not be deterred; all of those challenges can be addressed with the right tools and information,” said Hesha Patel, director of Marketing for JK Group. “With the insights from our latest white paper, companies will have another resource to guide them in implementing a successful giving program.”
JK Group has made “The Importance of Compliant Giving Programs” available for download at: http://jk-group.com/wp_compliant_giving_programs.html.
To learn more about JK Group and how its solutions facilitate employee giving and corporate philanthropy initiatives, please visit: www.jk-group.com.
To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting. As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.
Matt Lafata, HRchitect