McGrath Foundation est. 2005

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[Audio] The McGrath Foundation, established in 2005

McGrath Foundation est. 2005

McGrath Foundation - Wikipedia

By Lara Wilson 10RLC

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[Audio] Corporate social responsibility or CSR refers to business practices involving initiatives that benefit society. A business's CSR can encompass a wide variety of tactics, from giving away a portion of a company's proceeds to charity, to implementing "greener" business operations.

Definition

Corporate social responsibility (CSR) refers to business practices involving initiatives that benefit society. A business's CSR can encompass a wide variety of tactics, from giving away a portion of a company's proceeds to charity, to implementing "greener" business operations.

Corporate Responsibility — HERMES

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[Audio] The McGrath Foundation is an organisation created by Jane and Glenn McGrath after Jane was diagnosed with breast cancer at the age of 21. The McGrath Foundation aims to make men and women aware of the importance of breast health and knowing the risks of breast cancer. The foundation also funds McGrath Breast Care Nurses who support individuals and families suffering from breast cancer.

What is the McGrath Foundation?

The McGrath Foundation is an organisation created by Jane and Glenn McGrath after Jane was diagnosed with breast cancer at the age of 21. (Source 1) The foundation also funds McGrath Breast Care Nurses who support individuals and families suffering from breast cancer. (Source 1)

McGrath Foundation - Wikipedia

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[Audio] Mission Statement – the McGrath Foundation mission statement is to ensure every family experiencing breast cancer has the support of a Breast Care Nurse, no matter where they live for free. The goal of the foundation is to raise money to support McGrath Breast Care Nurses in communities all over Australia.

Aims, Goals and Objectives

Mission Statement – the McGrath Foundation mission statement is to ensure every family experiencing breast cancer has the support of a Breast Care Nurse, no matter where they live for free. (Source 4) The goal of the foundation is to raise money to support McGrath Breast Care Nurses.(Source 4)

McGrath Foundation - Wikipedia

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[Audio] In 2020 67.4 cents from every dollar donated went into ensuring that every family suffering from breast cancer got the appropriate care that they needed. There was also a 10.8% spend increase in funding for their mission statement.

Benefits it Gives to the Community

In 2020 67.4 cents from every dollar donated went into ensuring that every family suffering from breast cancer got the appropriate care that they needed. (Source 5) There was also a 10.8% spend increase in funding for their mission statement. (Source 5)

McGrath Foundation - Wikipedia

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The Pink Test

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[Audio] Strengths of the business include that the company raises money to help families all over Australia who are suffering have Breast Cancer Nurses available, there are 170 Nurses across Australia, 95,000 families have been helped in 2005. Weaknesses of the business include that it costs around $ 2.5 million to raise $ 4 million so really the business is only making $ 1.5 million. There are only 170 nurses, meaning that some patients may not get the necessary care. They lost $ 1.46 million in 2020 which is a decrease of $ 1.6 million from 2019. Opportunities of the business include that it was co-founded by a well-known cricket player, which can help get funding and advertising. Threats of the business include that the company may lose some employees as many reviews have stated that the company does not treat them very well. If the McGrath Foundation continues to lose money at the same rate as this year the company will lose all their money quickly.

Strengths Weaknesses The company raises money to help people suffering have Breast Cancer Nurses available. (Source 4) There are 170 Nurses across Australia. (Source 6) 95,000 families have been helped in 2005. (Source 6) It can cost $2.5 million to raise $4 million. (Source 8) There are only 170 nurses, meaning that some patients may not get the necessary care. (Source 4) They lost $1.46 million in 2020. (Source 10)

Opportunities Threats The business was co-founded by a well known cricket player. (Source 7) The company may lose some employees as many reviews have stated that the company does not treat them very well. (Source 9) The company could lose all their money. (Source 10)

McGrath Foundation - Wikipedia

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Effectiveness

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Stakeholder Satisfaction

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Sources

Source 1 - https://www.mcgrathfoundation.com.au/ Source 2 - https://www.smh.com.au/national/its-not-just-cricket- mcgrath-foundation-changes-logo-to-broaden-appeal-20161230-gtk0td.html Source 3 - https://www.hermes-ltd.ru/corporate-responsibility Source 4 - https://www.mcgrathfoundation.com.au/about/ Source 5 - https://d3c8e6vqu4m19g.cloudfront.net/app/uploads/2020/12/2020-Annual-Report-McGrath.pdf Source 6 - https://www.mcgrathfoundation.com.au/about/what-we-do/ Source 7 - https://www.mcgrathfoundation.com.au/about/jane-mcgrath/ Source 8 - https://www.thirdsector.com.au/the-issues-with-fundraising/ Source 9 - https://www.glassdoor.com.au/Overview/Working-at-McGrath-Foundation-EI_IE1495567.11,29.htm Source 10 - https://d3c8e6vqu4m19g.cloudfront.net/app/uploads/2020/12/FY20-McGrath-Financial-Statements-Final-6-October-2020-FINAL.pdf

Source 1 - https://www.mcgrathfoundation.com.au/ Source 2 - https://www.smh.com.au/national/its-not-just-cricket- mcgrath-foundation-changes-logo-to-broaden-appeal-20161230-gtk0td.html Source 3 - https://www.hermes-ltd.ru/corporate-responsibility Source 4 - https://www.mcgrathfoundation.com.au/about/ Source 5 - https://d3c8e6vqu4m19g.cloudfront.net/app/uploads/2020/12/2020-Annual-Report-McGrath.pdf Source 6 - https://www.mcgrathfoundation.com.au/about/what-we-do/ Source 7 - https://www.mcgrathfoundation.com.au/about/jane-mcgrath/ Source 8 - https://www.thirdsector.com.au/the-issues-with-fundraising/ Source 9 - https://www.glassdoor.com.au/Overview/Working-at-McGrath-Foundation-EI_IE1495567.11,29.htm Source 10 - https://d3c8e6vqu4m19g.cloudfront.net/app/uploads/2020/12/FY20-McGrath-Financial-Statements-Final-6-October-2020-FINAL.pdf