RR Report- Continuation

From: Smart Student / Executive Assistant SS (USE YOUR OWN INITIALS)

Subject: Philanthropic partnership with the American Red Cross

Introduction

Global mind has slowly grown as an up and coming health insurance company. It is our mission to better the lives of as many people possible and enhance the overall health of communities. REDACTED

I will be sharing why American Red Cross is the philanthropic cause I have selected , why I think it is the best fit for Global Mind, three implementation plans, concerns, and benefits of supporting the chosen philanthropy.

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Recommendation

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Below are figure one and two from the disaster update for the fiscal year of 2018 from the American Red Cross. In these figures the extent of the typical yearly aid that’s needed for the different relief efforts and funding expenses are shown. Figure one shows the amount of each aid the American Red Cross has provided in the United States in 2018. Figure two shows the division of spending for each aid division the American Red Cross in 2018.

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( Figure 2. American Red Cross, 2018)

Global Mind was founded on the belief of helping as many people in need as we can. From figure one and two above we can see the extreme extent of aid that is required when a disaster strikes. The American Red Cross also extends its aid efforts worldwide when disasters occur. Figure three shows the amount of aid relief the American Red Cross provided around the world reported in their fiscal 2018 report.

( Figure 3. American Red Cross, 2018)

As we can see Global Minds donations to the American Red Cross’s Annual Disaster Giving Program will be used to help aid those in need on a vast scale. Through the partnership with the Annual Disaster Giving Program Global Mind will be helping support not only the general public, but its main supporters. Such as Global Minds employees and customers. This philanthropic cause also helps enforce Global Minds mission of creating safer and healthy communities for all. REDACTED

Implementation

Global Mind will first need to partner with the American Red Cross and establish a donation line to the Annual Disaster Giving Program. Then donations to the American Red Cross’s ADGP can easily be implemented by Global Mind through three possible methods.

Alternative 1: Giving Circle

The first implementation plan option Global Mind can partake in is a giving circle

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Alternative 2: Matching Gift Program

The second implementation plan Global Mind can partake in is matching gift program.

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Alternative 3: Fixed Donation Percentage

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Concerns and Benefits

By donating to the American Red Cross’s Annual Disaster Giving Program Global Mind will benefit overall as a company. Global Mind will benefit from a marketing stance that can come from partnering with this philanthropic cause. Customers prefer to consume from companies that participate in philanthropic initiatives. As in any partnership, there are concerns Global Mind must consider.

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Conclusion

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Reference List