Charlie Munger Quotes

For us, my wife and I and all of my partners believe that corporations have to be corporate citizens, and individuals who benefit from them, or who have built them, need to give back.

I'm proud to partner with organizations that place an emphasis on and share my interest in giving back to the community. RBC has a rich history of doing this through their sponsorship of golf and the extensive ambassadorial program they have in place.

It is time for corporate America to become 'the third pillar' of social change in our society, complementing the first two pillars of government and philanthropy. We need the entire private sector to begin committing itself not just to making profits, but to fulfilling higher and larger purposes by contributing to building a better world.

If you've been fortunate enough to have some success in business, I think it's important to put something back.

It is no accident that our business, The University of Phoenix, is one of the top 50 community-minded companies in America. My father and I are strong believers in the concept of community.

It is important to view philanthropic ventures with an eye for business.

When we started our foundation, I was less than 30 years old. We pledged that 10 per cent of our profits, whatever the amount, would be used for a social cause, and that we would be actively involved in that cause.

A liberal public is interesting to have as an audience. It is for that very reason that corporations make such an effort to ally themselves with cultural institutions.

Companies and leaders are role models - not just with the business community - but in the broader world.

Charitable involvement, social impact, and global responsibility have always been important at Bain Capital.

The companies that are the most influential and most successful are the ones that care about impact and the influence they have on the world.

When business leaders ask me what they can do for Indiana, I always reply: 'Make money. Go make money. That's the first act of corporate citizenship. If you do that, you'll have to hire someone else, and you'll have enough profit to help one of those non-profits we're so proud of.'

The private sector must play a role in ensuring the prosperity and health of the people who comprise its market. It is time for the private sector to become a proactive partner contributing to the efforts of governments and philanthropies.

Let's face it: we live at a time when government is less and less powerful, less and less effective, and the agent of social change, at least for the immediate future, is the corporation.

I think all philanthropy invests in product innovation, whether in a vaccine or a new kind of product of one sort or another, and I think we'll all continue to do that.

It's hard to be a good philanthropist in China.

There's a lot of good that's done for society in building businesses, but it's also great to be involved in those things where you can be connected to the community, to the world, and think about how you can use what you're creating, both in terms of your personal skills as well as your products or services to do good things for others.

What helps people, helps business.

As both a local resident and a parent with a CF-afflicted child, I'm thankful for companies like Canon, Chase and Outback who believe that giving back to the community is critical to their role as corporate citizens.

People often ask me what I consider my goal to be at TOMS. The truth is that it's changed over the years. When we first began, the goal was to create a for-profit company to help the children that I met in a small village in Argentina.

Over the last 15 years we've developed our brand into a global brand and we wanted our giving to follow suit.

In the same way that you're driven in your business to keep innovating - Facebook is a wonderful example of constant innovation - think about doing that in philanthropy.

In working with UNICEF our corporate partners have demonstrated time and again that their financial resources, leadership and expertise can bring about real and lasting benefits for the world's children.

I've always said that the better off you are, the more responsibility you have for helping others. Just as I think it's important to run companies well, with a close eye to the bottom line, I think you have to use your entrepreneurial experience to make corporate philanthropy effective.

I want to work for a company that contributes to and is part of the community. I want something not just to invest in. I want something to believe in.