List and describe philanthropic responsibilities and give example of philanthropic giving.

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The Answer is At the top of corporate responsibility issues are philanthropic responsibilities.These responsibilities, which go beyond marketing ethics, are not required of a company, but they promote human welfare or goodwill, as do the economic, legal and ethical dimensions of social responsibility.Small companies participate in philanthropy through donations and volunteer support of local good causes and national charities.
More companies than ever are adopting a strategic approach to corporate philanthropy.Many businesses link their products to a particular social cause on an ongoing or medium-term basis, a practice known as cause-related marketing.
Some companies are beginning to extend the concept of corporate philanthropy beyond financial contributions by adopting a strategic philanthropy approach, the synergistic use of organisational core competencies and resources to address key stakeholders' interests, and achieve both organisational and social benefits.

List and Describe Philanthropic Responsibilities and Give Example of Philanthropic