Which example illustrates corporate philanthropy?

• A. A foundation funded by Bank of America contributing to low-income communities
• B. A company cutting prices for consumers
• C. A competitor's price war
• D. A company reducing its brand visibility

Answer: (A)

Corporate philanthropy involves a company donating funds or resources to nonprofits or community programs, often through a corporate-funded foundation. A foundation funded by Bank of America contributing to low-income communities is exactly that—charitable giving aimed at social needs, funded by the corporation. This differs from actions like lowering prices for consumers, engaging in a price war, or reducing brand visibility, which are market strategies or competitive moves rather than charitable support. So this example best represents corporate philanthropy.