Woman accesses external funding data on a tablet in the office

Philanthropy & External Funding Program Design & Support

Philanthropy & External Funding Program Design & Support

The life sciences industry is a leader in corporate social responsibility, returning millions to the healthcare community by supporting independent medical education and charitable contributions.

    Though significant compliance risks persist when providing funding support to appropriate organizations, it is an important component of the overall value to the healthcare community.

    Restricted use funding

    Life sciences companies can also provide restricted use funding in the form of a corporate sponsorship. Sponsorships generally include business opportunities to promote company brands.

    It is essential that requests for funding be appropriately classified to ensure the proper application of due diligence procedures and other compliance controls.