A recent article in the Denver Post outlines the benefits of including philanthropy in a company’s initial business plan.  The thought is that by including philanthropy in the company’s organizational makeup from the beginning community engagement will develop as an organic part of the organization.  This will allow a young business to align itself with businesses with similar values and create a culture of “paying it forward” for employees and customers.  Such camaraderie with businesses, employees, and customers is intended to improve the company’s chance of long-term success.

The article cites the Entrepreneurs Foundation of Colorado and the Telluride Foundation as examples and resources to assist entrepreneurs who want to make philanthropy an intrinsic part of their company’s business.  If you are forming a new business and would like to discuss how to include philanthropy as part of your organizational structure, contact or Business Law Group Partner, David Closson at [email protected].

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