Definitions

Specialized markets, industries and fields sometimes have a language of their own filled with acronyms and otherwise unknown terms. This can be true within the arena of corporate social responsibility. While not an exhaustive list, below EF offers some of the terms and expressions that may be found elsewhere on this site.

Community

Location where employees live and work. This may only refer to the local community, or can refer to a national or global community.

Community Involvement

Building awareness and active engagement at all levels of the organization in social issues that impact quality of life.

Corporate Social Responsibility (CSR)

Considering the interests of society by taking responsibility for the impact of a corporation's activities on customers, employees, shareholders, communities and the environment in all aspects of its operations.

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution or organization.

EF Community

The EF Community is made up of companies, employees, individual practitioners, venture capitalists and non profits all interested in being active corporate citizens. Whether you participate on our social network (http://efcommunity.ning.com), are a member company, attend events or read our newsletter you are part of the EF Community committed to active engagement.

501c3 Nonprofit
(Non-Governmental Organization or Community-Benefit Organization)

An incorporated organization (recognized as a tax-exempt organization by the IRS) which exists for educational or charitable reasons, and from which its shareholders or trustees do not benefit financially.

Pro Bono

Includes services that are delivered without compensation to individuals and organizations for the public common good.

Skills-based Volunteerism

Skills-based Volunteerism is similar to volunteerism in that the individual gives time energy and talent to an organization and does not receive any compensation. The major difference between skills-based volunteerism and volunteerism is that employees leverage a specific professional talent, expertise or knowledge to further an organization's mission and organizational capacity.

Spectrum of Engagement

This refers to the programs Entrepreneurs Foundation (EF) provides companies and their employees. The Spectrum consists of six components: Corporate Giving, Employee Giving, Employee Volunteerism, Corporate Infrastructure, Sustainable Business Practices and Marketing Communications. Companies engage in some or all pieces of the spectrum depending on what is appropriate for the company and their corporate programs.

Volunteerism

Giving time, energies, or talents to any individual or group for which [the individual] is not paid.

Corporate Citizenship

The strategy that underpins a company's mission and the choices made each day by the executives and employees as they engage with society.

Philanthropy

Cash donations of any kind by corporations or employees.