A healthy approach to charity
A healthy approach to charity.
Here at The Karma Foundation we have a strong belief in charity and the potential of charitable organizations. We’re very studied and careful about the charities we support, and only consider 501(C)3 non-profit organizations as beneficiaries for our activities, but we certainly feel we lead by example. To date the Karma Foundation has donated over $300,000 in cash and support to some incredibly hard-working and effective organizations that positively affect both individuals and the community around them – this number is considerably higher if you include substantial donations garnered from Karma’s marketing efforts.
One of the areas in which we are privileged to donate proceeds raised from our activities is the health sector. So we were very interested to read a recent report from the Wilmington Trust, N.A. entitled: ‘Trends in Healthcare Philanthropy and the Use of Separate Foundations’. The report found that philanthropy is taking on increasing importance as hospitals and health systems face ever tougher financial challenges and plateauing revenues. The report also noted that foundations would become increasingly important for enhancing and managing successful fundraising plans, with community hospitals particular likely to benefit.
The reason we chose the name ‘Karma Foundation’ was because at its heart, we are a socially responsible organization. As directed by the Philanthropy Committee, we use proceeds from our many luxurious events to support various thoroughly vetted charities. The Karma Foundation is proud to count a number of excellent health charities among our benefiting causes, ranging from children’s hospitals to associations supporting those affected by specific life-changing conditions and injuries. Our decision to support this area was never more evident than when we chose the V Foundation, www.jimmyv.org as our latest beneficiary. The V Foundation has raised over $100,000,000 for cancer research and 100% of the donations go to the cause!
Karma’s unique and thorough process helps us to support our chosen non-profits by making donations, creating a fundraising legacy, enabling relationships and developing outreach strategies to benefit each organization for years to come. All of Karma’s donations are self-directed and are designated to support specific areas of charitable programming and special initiatives.
So why not take a short break in your working day to find out more about The Karma Foundation, and how you might like to help in our charitable fund-raising activities – while having a lot of fun yourself along the way!
Marvin Epstein
EVP, Philanthropy & Business Development, Karma Foundation, LLC
Tags: charities, fund-raising, Karma Cares, Karma events, non-profit organizations, philanthropy committee
