Eli Lilly and Co. rethinks its philanthropy strategy | 2015-04-02 | Indianapolis Business Journal | IBJ.com

Eli Lilly and Co. rethinks its philanthropy strategy | 2015-04-02 | Indianapolis Business Journal | IBJ.com.

J.K. Wall

“These are the kinds of things that lift up whole systems and whole communities, and we can benefit from that,” said Rob Smith, president of Eli Lilly and Company Foundation. “As we think about our role in the world, we want to improve global health in the 21st century. That means new medicines for unmet medical needs, such as our Alzheimer’s drugs we’re trying to develop. But we also want to think compassionately about people that don’t have access to adequate health care or our medicines right now.”

Lilly has not abandoned the traditional philanthropic ways of “giving back”: cutting checks to scores of local organizations and donating medicines to disaster victims. But Lilly’s thinking now focuses less on what it calls social responsibility and more on what it calls shared value.

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