Due diligence, planning, integration and communication are the key steps identified in a report examining corporate philanthropy programs in the aftermath of a merger or acquisition.
The Council on Foundations (CoF), a Washington, D.C-based coalition of more than 2,000 foundations, released “Navigating Mergers and Acquisitions: Guidance for Corporate Philanthropy Leaders.”
“There’s no playbook when it comes to combining the philanthropic activities and programs of two enterprises. Yet the leaders charged with this important task regularly confront a variety of urgent questions,” President and CEO Kathleen P. Enright wrote in the foreword to the 23-page report.
The study is meant to be a “roadmap” for addressing these questions through a four-step process to support making key decisions and combining philanthropies during times of a business merger or acquisition.
“Navigating Mergers and Acquisitions” examines four case studies: Anthem, Inc., J.D. Sports-Finish Line, General Mills and Blackbaud.
Based on conversations with corporate philanthropy practitioners and other experts, CoF identified four steps in the process of aligning and integrating corporate philanthropy programs in the event of a merger or acquisition:
The report provides what it calls a M&A Philanthropy Checklist — key considerations for corporate philanthropy practitioners at each of the four steps identified:
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