Study shows strong giving by entrepreneurs

Jan 28, 2011

A new study reveals that entrepreneurs allocate more than twice the percentage of profits to charity than many of America’s largest companies

According this Fidelity and Ernst & Young survey of 150 CEOs, nine out of every ten entrepreneurs donate money to charitable causes and 70% donate their time.

Many also agreed that giving back was something already in their business plan before they became successful, and most said that volunteering and donating is an important part of their companies’ policies for all of their employees. In fact, the majority (61%) of respondents say that being an entrepreneur makes them more inclined to give to charity.

The study found that the number one reason that entrepreneurs support corporate giving is because it allows them to integrate their own personal values of giving into their corporate values.

Of course, this is not new news to us at Amway. Our three million distributors around the world are driven entreprenurs and driven philanthropists. They have been a major part of us raising more than $112 million through our One by One Campaign for Children. And giving has been a part of our company’s philosophy since two entrepreneurs started it 50 years ago.

Amway entrepreneurs share their time, their profits and their motivation with those around them. This study proves what we see every day: giving back is just part of the job.

  • 2 Comments

    • Shaun says:

      Great post, this is exactly true. Building this business we’ve donated more than we ever did not building an Amway business.

      I’ve been able to donate more money to Autism, a charity that hits close to home with some friends, then I’ve ever been able to donate before.

      My wife and I plan to donate more money and more of our time as we continue to build our business larger. Being selfless has so many rewards and many of us out there need to start taking our eyes off ourselves and helping others.

    • Jesse Hertstein says:

      Thanks for your comments Shaun. Your dedication inspires more people than you will every know.

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