The “ripple effects” of generosity will help improve the lives of many in the Quad Cities. But more work needs to be done and more people need to be at least a little bit more generous with their time, talents and money. Those were some of the key messages delivered late Wednesday afternoon, April 5, […]
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The “ripple effects” of generosity will help improve the lives of many in the Quad Cities. But more work needs to be done and more people need to be at least a little bit more generous with their time, talents and money.
Those were some of the key messages delivered late Wednesday afternoon, April 5, during a United Way Quad Cities gathering – called The Generosity Dividend Event – held at the Deere & Company World Headquarters building in Moline.
The invitation-only meeting attracted more than 200 people, most of them from the Quad Cities business community, nonprofits and local governments.
Rene Gellerman, president and CEO of United Way Quad Cities, said she hopes the business and community leaders will create that “ripple effect” with their generosity. One way to create those positive ripples is through the United Way’s new QC Dividend Program.
That program, which was unveiled at the celebration event, urges companies and corporations to donate at least 1% of their pre-tax earnings to the community through cash contributions, in-kind donations and/or employee volunteerism.
The program “will set an example for other QC businesses … and promises to sustain the Quad Cities spirit of generosity and sense of community,” according to information provided by United Way Quad Cities.
Companies participating in the program will be recognized on the United Way QC website and at its annual spring event.
In addition to helping the community, pledging at least 1% will be good for business because it will position a company as an influencer in the community, help with employer retention and encourage consumers to buy products from companies that are seen as good partners in the community, the information added.
“This is how we create a movement. … Our hope today is that you will join the movement,” Ms. Gellerman told the dozens of community leaders in attendance.
United Way officials outlined some of the advantages for companies participating in the Dividend Program:
- Companies with giving programs have 2.3 times the employee retention rate.
- More than 60% of Millennials say that a “sense of purpose” is a key reason why they work for their current employers.
- 87% of consumers value companies that place equal weight on business and supporting communities.
- Companies with community-engaged employees see a 26% higher revenue per employee and 13% higher total returns to stakeholders.
- The money belongs to the community. The participants can’t spend it on themselves and it should stay in the Quad Cities.
- They should try to multiply it.
- The money is to be invested in some cause, person, purpose or group about which the participant has a passion.
- Report back to United Way in 120 days on what they did.