Companies in different industries have a distinguished reason for existence. The majority of them exist to provide any goods or services that may be required by a specific group or region with the aim of making profits. However, some companies exist for the good of the other people, who include the less advantaged people; these companies offer charity and participate in charity through sales of their products.
According to records by the National Center for Charitable Statistics (NCCS), billions of dollars are given by Americans and distributed to less fortunate through charitable organizations. These organizations take part directly or indirectly in participating in the charity work. For the non-purely charitable organizations, they do raise the resources as a way of appreciating purchase by customers. This way, you as an investor in such companies also indirectly become a contributor to charitable work.
We must also consider businesses which provide a benefit to society by the inherent virtue of the products or services they sell. An example of this would be Low Cost Interlock, a company specializing in the installation of ignition interlock devices. These devices require someone to take a breathalyzer test before starting a car. By installing such devices, this business helps to reduce an untold number of road-related catastrophes over the course of its operation.
At the end of the day, however, there is only so much room in business to help make the world a better place with a product or service alone. Further action is needed in the form of entwining the enterprise with charitable efforts. The following companies participate in charitable work as discussed.
Blake Mycoskie started the Toms as a small shoe company in 1996 in California. The company is well known for its quality and durable shoes that have become a priority for many people. Its popularity grew all over America, and in a few years’ time, the products were in demand internationally. Today, it has become one of the charitable companies that support the disadvantaged. The company freely gives shoes, water, and safe birth to the needy. The expenses of charitable actions come out of the income from the goods bought. Purchasing from the company means you indirectly participate in charitable work.
- The Company Store
Since its establishment in 1911, the company has been producing bedding products. The company’s reputation for quality and high-value products made from natural cotton drove it to enjoy huge profits. Company store offers a blanket to homeless kids for every sale of a comforter. Investing and buying from this company promotes charitable work.
- We Wood
The company specializes in making of wooden watches; they are mainly made from recycled wood materials to create unique and appealing watches. It’s one of the brands you can support since the company plants a tree for every watch sold. The initiative is good for the environment and the world at large.
- Hand In Hand
The Hand In Hand company is located in Philadelphia, in the United States; it’s known for the provision of its three unique and hygienic products that are used together as a package. These products include soap, sugar scrub, and a lotion. It is one of the companies for good since it has a charitable program whereby it donates a bar soap and clean water for every purchase made. So you can imagine how many children you can give those benefits whenever you buy Hands In Hand company’s products.
- Twice As Warm
The company provides clothing necessary during the winter season. Its products are some of the brands you can support since it gives out a similar package to any purchase made on their products to a needy person or household. The initiative makes the company a charitable company that exists for creating a better world not only to those that can afford their products but also to the less fortunate people and groups.
Charity is a vital activity that one should participate in their lifetime. However, avenues to provide charitable services to the needy may not always be easy to get. Therefore, investing in companies that support causes and charitable work can help you to accomplish your will.