Encircle is a non-profit organization started to bring families and communities together so LGBTQ youth can thrive. “Encircle’s success depends on the incredible generosity of both individuals and companies to accomplish this mission,” says Larsen.
“The purpose of business is profit. The purpose of nonprofits is to solve difficult social problems. Both are essential to the prosperity of communities. You can’t do that,” says Larsen. Collaboration between for-profit and non-profit organizations helps maximize the potential of charitable giving.
Clark said Utah’s for-profit businesses should benefit from fostering a culture of philanthropy from the start, pointing to the success of many business leaders in the state who have led their businesses with philanthropy as a core value. “For decades we have seen the legendary generosity of the Eccles, Miller and Huntsman families, but it is the power of generations of family to do good. It’s important to note that we don’t need a foundation for the next generation can and should contribute throughout the process of growing our business,” says Clark.
See Utah’s own theory for evidence of the original theory of Clarke’s philanthropy. CotopaxiUtah’s first Certified Benefit Corporation was founded with philanthropy as its core value. When Cotopaxi launched in 2014, its mission to eradicate extreme poverty and show that business can be a force for good in the world was at the heart of its brand proposition.
Davis Smith, the founder and CEO of Cotopaxi, attributes the company’s success to its deep commitment to giving back. “In his first five years of Cotopaxi history, we donated more money than we earned. It takes a lot of courage and faith to take the step of prioritizing purpose and mission over profit. I did,” says Smith.
Cotopaxi takes a holistic approach to fighting poverty by devoting a portion of its profits to poverty eradication efforts, skills-based volunteerism and product donations. Last year, through his Cotopaxi Foundation, they helped about 1.3 million people living in poverty. The company is also Climate Neutral certified, a member of 1% for the Planet, and recently backed by Bain Capital Double Impact, his $1.2 billion impact fund at Bain Capital.
“When I look back at what has made Cotopaxi so successful, I believe it is courageous. The optimism of everyday people who choose to stand for accountable capitalism. In a capitalist future, consumers and employees give their time and money to companies that are deeply committed to their communities, protect the planet, and are committed to putting stakeholders above profit. is needed. Ultimately, I believe that doing good and doing good are not mutually exclusive, and that they go hand in hand as we work to create a better version of capitalism. I believe,” says Smith.
The value of philanthropy is well recognized by business leaders across the state. This recognition has greatly contributed to Utah’s philanthropic reputation. “It is absolutely critical that philanthropy and service be a priority if the business community is to thrive,” he said. Brandon HoogalChairman of Colliers International and one of Utah’s most prominent real estate and business leaders.
Fugal is no stranger to philanthropy and his generous donations are recognized by the state. “We support worthy causes, including scholarships and programs at Utah Valley University, and fight abuse. Supreadonating to homeless initiatives, promoting women in tech tech mom remain an important part of my personal mission. “Personally, I am grateful for the opportunity to give back, join others, and work together to improve our community,” says Fugal.
Clarke recently returned to Clearlink. This company started over 20 years before him, sold over 10 years ago and bought back in 2021. Recognizing the importance of business-driven philanthropy in the state, Clarke is eager to expand the company. About the history of donations. To expand Clearlink’s corporate responsibility footprint and increase the company’s impact, Clarke will help the company establish two of her new philanthropic channels, Clearlink Cares and Clearlink Causes.
Clearlink Cares supports volunteerism within the community of all Clearlink employees. We enable Clearlinker to engage with our neighborhoods in a way that reflects our passion. Show up for others and give their time and talent. Clearlink Causes empowers Clearlink employees to organizations that have the greatest impact on their lives and communities as they provide one-on-one giving matches of up to $1,000 per employee per year. We are focused on making it possible to raise funds for The initiative was seeded by Andrea and James Clarke with her $100,000 donation.
A legacy of service and philanthropy like the one mentioned here is part of what makes Utah so powerful. Every business, whether small or established, should prioritize philanthropy as a tool for growth and a goal to move forward, Clark says. Doing so strengthens communities and businesses alike and helps build a better Utah.