At Marcum, we never lose sight of the impact we can and should have on our community.
- Corporate Social Responsibility
- How We Inspire
Our Corporate Social Responsibility (CSR) initiatives and sustainability efforts are an integral part of what helps Marcum deliver on its mission to be a catalyst for positive systemic change in the community. We are a newly Certified B Corporation, one of the first in the Washington, DC area. Through the certification process, vague generalities like “going green” and “community involvement” are given a standard of measure that can turn specific actions and efforts on the part of a business into a score that allows the public at large to then see quantifiable evidence of good business done well. In fact, Marcum surpassed the minimum certification score (80) by more than 36 points and we are now one of five accounting firms globally to achieve B Corp certification.
We hope that our stakeholders will notice a growing sophistication in our CSR as we continue to evolve our understanding of what it means and what it takes to become the best community partner we can possibly be.
Today, our philanthropic activities at Marcum are driven not only by our brand’s commitment to support our own stakeholders in their effort to make a difference today, but also by our strong desire to catalyze and inspire others and help build a better tomorrow for future generations. While the lion’s share of the firm’s philanthropy is driven by our most important stakeholders: our employees and our clients, Marcum giving is also channeled through Companies for Causes (CforC), a collective impact model that Marcum conceived to drive more effective corporate philanthropy in our region.
We take our citizenship role seriously and we realize that corporate social responsibility (CSR) is a work in progress — ongoing and never-ending — that must be nurtured, examined and improved.
Intent on moving the firm from good intentions toward strategic impact, Marcum began the process of self reflection with regard to our citizenship activities in 2010. For the first time, we carefully audited and examined our firm-wide CSR activities including financial donations, in-kind giving, pro bono efforts and both our traditional and skill-based volunteerism to evaluate our practices. This exercise proved very valuable and provided us an opportunity to consider how Marcum might become more “responsible” as a corporate citizen. It also helped us create a discipline around our CSR decision making and reporting.
Corporate Social Responsibility Policy
Corporate social responsibility has always been incorporated into Marcum’s business strategy.
We believe societal ills and pressing issues in our communities are the responsibility of all sectors of society to address and resolve. Since the firm was founded as an instrument to effectuating positive systemic change in 1984, Marcum has accomplished its mission through both its professional services and through its public service activities. For Marcum, the two are inseparable. Each year, Marcum aspires to contribute 10% of its previous year gross revenue in combined cash, in-kind and probono support to the community.
One of the company’s sustaining principles has always been our commitment to giving of time, expertise and money. Today, our primary CSR goals are to:
- Support our clients and our employees in their efforts to make a difference.
- Advance the model and projects of Companies for Causes to create positive and sustainable impact.
Community Impact Campaigns
Alliance for Nonprofit Management
The Alliance is the national voice and catalyst for the field of capacity building.
They improve the effectiveness of individuals, groups and organizations helping nonprofits and communities achieve positive social change. Tom Marcum incubated the Alliance, serving as a board member and housing the organization at Marcum’s office for years.
Alpha Kappa Psi
The Alternative Investment Group at Marcum LLP has been ranked among the top 5 hedge fund service providers in accounting.
Institutional Investor’s prestigious Alpha Awards honor accounting firms that excel in five aspects of service, including client service, hedge fund expertise, regulatory & compliance, audit and tax.
Catalogue of Philanthropy
Marcum provides office space for the Catalogue for Philanthropy and supports the organization through pro bono financial workshops for applicants.
Tom Marcum also serves on the board. The Catalogue is a resource for the Washington, D.C. philanthropic community. Experts review the financials and management of more than 200 community-based nonprofits every year to deliver the Catalogue of organizations deserving of support.
Housed at Marcum, Compass Partners provides resources, training and a vibrant support network to students with innovative ideas to change the world through business.
Compass Partners’ Compass Fellowship program is a one-year program that identifies the most passionate first-year undergraduates at schools around the country, inspires them to start a social venture, and empowers them to solve the world’s greatest problems with socially-conscious business.
Year Up seeks to close the Opportunity Divide by providing urban young adults with the skills, experience, and support that will empower them to reach their potential through professional careers and higher education.
Marcum supports the mission of Year Up and is proud to serve as a mentor in their program.