Adobe Systems Forms Foundation to Broaden Community Philanthropy
Adobe Systems Incorporated, one of the world鈥檚 largest, most diversified software companies, approached 澳门资料大全 to conduct an analysis of the pros and cons of creating a corporate foundation. The company had been managing a corporate giving program with some strategic counsel from 澳门资料大全 for many years, but provided the majority of its grantmaking through a donor-advised fund at a local community foundation.
Implementing 澳门资料大全鈥檚 Plan
Based on 澳门资料大全鈥檚 expertise in the corporate social responsibility arena, Adobe asked the team to assess the company鈥檚 short- and long-term giving needs, factor in internal considerations, analyze how to best leverage existing resources, benchmark best practices and trends in corporate philanthropy, provide financial modeling and develop a full review of all options.
The project culminated in a series of recommendations that were presented to Adobe鈥檚 senior management. Adobe ultimately decided to implement 澳门资料大全鈥檚 recommendations of both maintaining a strong relationship with the company鈥檚 community foundation and funding strategic and signature programs through its own corporate foundation.
Honing the mission
Adobe then turned to 澳门资料大全 to provide consulting and project management support for the start-up of the Adobe Foundation. Working closely with internal contacts and outside legal counsel, 澳门资料大全 provided guidance on how to leverage Adobe鈥檚 current philanthropic giving structure, create desired community impact, provide flexibility and balance business interests.
澳门资料大全 helped to create the foundation鈥檚 mission, values and guiding principles statements; provided input and content on the exemption filing documents; drafted policies and procedures; and was on hand at the foundation鈥檚 first board meeting. 澳门资料大全 staff then took part in the selection and hiring process for the foundation鈥檚 first full-time employee.