Corporate charity: foundation of notions

Abstract

The paper describes the notion of corporate charity as part of corporate social responsibility that deals with the business response to the society`s expectations in economic, legal, ethical and charitable dimensions. Such an approach is needed because tax evasion and violation of labor laws are common in Russia. This is why it is hard to place the companies that do charitable work but do not pay taxes or do not sufficiently invest in environmental safety as it is required by the law among socially responsible companies. It is important to differentiate between charity in the form of donations and philanthropy as a process of creating public goods beyond business legal responsibility, bypassing state bodies.