I agree, there should also be no recognition for donating either. In other words, ups should just collect the dough and donate , on the conditions of anonymity. They should ask United Way not to disclose the donor or amount and ups should also make sure that they do not mention the donation in any press releases. After all, only god would know and he would surely bless the company for such good deeds.
For the ninth consecutive year, UPS (NYSE:UPS) and its employees have led the nation in supporting the annual United Way campaign.
With more than 249,000 individuals participating, UPS employees and retirees pledged more than $53 million to United Way during this year's campaign, more than any other participating company. UPS's matching contribution, to be determined early next year by The UPS Foundation, is expected to push UPS's total donation for 2008 over $60 million.
Last year, UPS's total contribution to United Way after calculating the company's match totaled $60.8 million. Since 1982, including this year's pledges, UPS and its employees have donated an astonishing $924 million.
"Year after year, UPS continues to raise the bar in terms of generosity and an unwavering commitment to community," said Brian Gallagher, president and CEO of United Way of America. "At a time when the need around the world, and at home, has never been more compelling, UPS and its employees responded and are changing lives. We couldn't be more proud of our partnership with UPS and of the opportunities we're creating together for a better life and brighter future for everyone."
In addition to financial contributions, UPS employees and their families also volunteered their time and talents to their communities, donating more than 900,000 hours of time through Global Volunteer Month and UPS's Neighbor-to-Neighbor program. The latter is a company-wide volunteer initiative that matches employees and their families with volunteer opportunities based on their interests, skills and availability. UPS also donates loaned executives to several local United Way affiliates across the country.
I see an article that recognizes employees for giving and ups for matching their contributions.
Doing so not only helps UPS's reputation it also encourages other companies and organizations to get involved in helping their communities.
I can guarantee you that fdx would like nothing better then to beat us in soliciting funds for their community.
The press release therefore fosters competition in charitable giving.