What Is the Main Purpose of the "Organize and Design

question 4

Multiple Choice

What is the main purpose of the "organize and design" step of the process for planning and implementing strategic philanthropy?

• A) Gaining the interest and support of management early on so as to ease the approval process in the future
• B) Deciding what resources and dollars should be spent on certain strategic philanthropy efforts
• C) Creating interest in all the company's stakeholders in order to increase their support of the strategic philanthropy process
• D) Collecting information covering the internal organization and programs that might intersect with the competencies of the company
• E) Classifying funding opportunities according to the level of need and alignment with organizational competencies

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Definitions:

Character

In finance, character often refers to one of the "Three Cs" (character, capacity, collateral) used to assess a borrower's creditworthiness, focusing on their reputation for repaying debts.

Financial Reserves

Funds or assets that are set aside to meet future liabilities, contingencies, or unforeseen expenditures.

Capital

Resources made available for the use in the production of goods or services, often categorized into financial, human, or physical forms.

Conditions

The set of circumstances or criteria that affect financial decisions or the outcome of investments.