A new Microsoft fund illustrates how companies can engage with communities where they have operations to help create real change.Recently, Business Roundtable leaders acknowledged that corporations have a responsibility to benefit not just shareholders but all stakeholders and the environment. While the statement signals a new direction, what might this stance look like in practice? Among other things, it will mean moving away from the transactional nature of corporate social responsibility to programmes and processes that build transformational relationships with communities. One such example is Microsoft's new Community Empowerment Fund1, which combines elements of community-led development and participatory grantmaking to create transformational relationships through shifting and sharing power.
Alliance Issue: Feminist philanthropy; December 2019, Volume 24, Number 4