Friday, October 21, 2016

Week 3 EOC: Making Money Good

  Starbucks started a foundation that began in 1997. They started off funding into programs that focused on literacy within the United States and Canada. Now they're supporting communities all over the world. Starbucks gave $6.9 million last year in 2015, and gave 128 grants to organizations that were non-profit. Within those grants $3 million were given to the Starbucks Opportunity for Youth Grants. In the same year Starbucks corporation also gave $29 million in cash. They funded in community building programs. Starbucks emphasizes on building opportunities for the youth. They fund into programs that prepare the youth with skills that are necessary to change the global economy. Starbucks also funds into community service and takes pride in encouraging their employees to be active in volunteering. Starbucks also funds into projects that improve education and training within the agricultural field. They strive on helping the community with funding programs that increase health awareness, leading into nutrition and water sanitation. They are strong in funding programs that help people who don’t have access to clean water. Starbucks has funded, $13.8 million since 2005 into the Ethos Water Fund, helping more than a half million people around the world gain access to clean water. I think that there is a ethical rule and obligation that a business has to fulfill if it wants to become truly successful. When you give back to the community, not only will you be doing something positive for your community, but also getting appreciation from your clients and the people in the community. Your business will gain acknowledgment from your colleagues, co-workers, and clients. Trying to make a quick buck by shaving off your ethical obligation is only going to hurt your business in the long run. Here is the link to Starbucks website that elaborates more on their contribution to the community.

2016 Starbucks Opportunity for Youth Grants
The Starbucks Foundation believes in creating pathways to lifelong opportunity for young people. We are proud to partner with organizations who are providing the training and experiences needed to help opportunity youth become job ready.”



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