PHILADELPHIA, PA, August 19, 2013 /24-7PressRelease/
-- Dedicated philanthropist and accounting expert, Arnold McClellan
, celebrates a recent article in the Business Times that highlights how the business of philanthropy is changing, namely, how business leaders are extending charitable giving that is driven by clear values and specific outcomes. The report mentions that "Many wealthy Asian families are used to the idea of charitable giving, but a number of them are taking it to the next level, marrying business skills with their desire to do good. The terms used in this emerging class of philanthropy are even adapted from finance, such as 'venture philanthropy' and 'entrepreneurial philanthropy'."
According to Karin Jestin, secretary-general of Foundation Lombard Odier, there is a lot more "strategic philanthropy" happening, and the article adds, "The big challenge that philanthropists grapple with is the dearth of data on who is doing what." Arnold McClellan also recognizes the direction of strategic philanthropy. "Philanthropy is first and foremost designed to improve the world, engage in social justice and give the public a chance to collaborate for the common good," he said. "It is essential for individual citizens, as well as businesses, to realize the importance of charity on a regular basis. Some businesses don't recognize that engaging in strategic philanthropy can be a great way to stimulate revenue and stability among consumers."
According to the article, philanthropists are considering metrics more than ever. Not only do business leaders enjoy giving to organizations that are able to tangibly show donors where their support goes, thus resulting in more meaningful giving, but businesses are reaping the benefits of giving with their clients and customers.
"There is a change from traditional giving through the younger generation of philanthropists who want to apply a business approach, being much more strategic and focused on giving," said Jestin. "Clients are engaged and supporting charities. But now they're less satisfied with just giving money. They want to see an impact." Not only do they want to see an impact, but Arnold McClellan remarks that they want to see a direct impact.
"Philanthropy plays a key role in business," he said. "Business leaders are trying to connect coworkers to opportunities for meaningful giving, but they are also trying to provide opportunities for their customers to give to outstanding causes. It is true that philanthropists are less satisfied with just giving money. They want to utilize their resources to make a direct and tangible impact. Companies that distinguish themselves from their competitors are those that encourage community involvement and united opportunities to make a difference." Arnold McClellan stresses that not all giving is measured by money alone and that professionals should consider offering specialized services to those in need.
is a highly acclaimed certified public accountant (CPA) who specializes in tax consultation and has spent 15 years serving as a partner for some of the nation's top accounting firms. He is a certified public accountant (CPA) and is licensed in Georgia and California. McClellan serves a number of high profile clients. He is experienced in handling mergers and acquisitions, and is well versed in corporate and international tax issues.