Why do large companies have charity arms?

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For example, Ronald Mcdonald House Charities (Mcdonalds). According to Wikipedia, Mcdonalds donated $168b in 2021 to the RMHC. Why do companies have charities when they can just save the billions of dollars?

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Anonymous 0 Comments

Do you have those “round your payment to the nearest $/€ for charity?” Guess what happens to the money you donate in that case? It’s claimed as a corporate donation, with tax deduction. Not bad when it costs them next to nothing.

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