Rebecca Tekula, PhD, Executive Director of Pace’s Helene & Grant Wilson Center for Social Entrepreneurship, on whether one of the most recession-damaged cities in the nation can benefit from community stewardship.
Ward 5 in downtown Las Vegas, has been hit hard by foreclosures and has many abandoned homes — the kind of problems that can tear down an entire community.
To kick-start community change, The Partnerships for Community Health (PACT) has given grants to grassroots Vegas groups like Power of One, co-founded by Earnest James (pictured), which mentors at-risk kids in West Las Vegas. The model is called community stewardship, and both the promise and risk of it is that the impact of the funding will ultimately depend on the grassroots organizations themselves.
“You want to make sure your stakeholders have some say in how you’re spending the money,” says Rebecca Tekula, PhD, executive director for the Wilson Center for Social Entrepreneurship, which researches and advises nonprofits. “Eventually the full governance will belong to the community,” she told Vegas Seven writer Heidi Kyser.
In other words, whether PACT succeeds in the long run will be up to people such as Earnest James.
Rebecca Tekula, Ph.D., executive director of the Wilson Center for Social Entrepreneurship at Pace University, debates whether gender plays a role in increased corporate giving.
Companies with more female leaders are more charitable than businesses with few or no female leaders, according to recent research.
This trend is reflected in the report Gender and Corporate Social Responsibility: It’s a Matter of Sustainability, distributed by Catalyst, a nonprofit organization based in New York. Catalyst and Harvard Business School researchers found that companies with female board directors at Fortune 500 companies contributed significantly more charitable funds than companies without women in senior roles.
However, Rebecca Tekula, Ph.D., executive director of the Wilson Center for Social Entrepreneurship at Pace University in the New York City metropolitan area, debates whether gender plays a role in increased corporate giving.
Tekula said in an interview with SHRM Online that the Catalyst study lacks data showing that women are completely responsible for increased giving on behalf of Fortune 500 companies. The Catalyst study report authors agree with Tekula, writing: “Going beyond correlation—proving that gender-inclusiveness leadership actually causes companies to be more socially responsible—can be difficult given all the factors at play.”
“Companies are realizing that advancing more women to senior leadership roles has many benefits, including increased financial performance and sustainability,” Anabel Perez, Catalyst’s senior vice president of development, said in a statement. “As this study shows, inclusive leadership has a positive influence on the quantity and quality of an organization’s Corporate Social Responsibility (CSR) initiatives. When business leadership includes women, society wins.”
Tekula agreed, explaining that such studies help companies recruit talent. “Companies that actively pursue CSR practices improve the firm’s recruiting power,” she said. “Human resources [professionals] want to get the best of the best, and if the most competitive candidates are those who value social responsibility, then a strong CSR policy will ultimately have a positive effect on a company’s bottom line.”