Giveback

A giveback refers to the act of returning something, typically money, time, or resources, to the community, an organization, or an individual, often in a reciprocal manner. It emphasizes a contribution or repayment, acknowledging a debt or obligation, and fostering a sense of social responsibility. It can involve financial contributions, volunteer work, or providing support for those in need. The underlying intention of a giveback is to contribute positively and enhance well-being.

Giveback meaning with examples

• After a successful quarter, the company announced a 'giveback' program, donating a percentage of its profits to local schools and charities. The employees also organized volunteer opportunities, contributing their time and skills to community projects, strengthening ties and improving the organization's reputation.
• As a gesture of gratitude, the successful entrepreneur made a substantial 'giveback' to the university that provided his scholarship. His contribution funded a new research center. This investment supported future students and created opportunities to drive scientific advancement and innovation for the city.
• Following the economic downturn, the government initiated a 'giveback' program, offering tax breaks and incentives to small businesses. It aimed to stimulate job creation and stimulate economic activity by reducing the financial burden on businesses and allowing for growth and prosperity.
• The star athlete, recognizing the impact of sports on youth, implemented a 'giveback' initiative, funding summer camps. The initiative provided underprivileged children with access to sports training and equipment. The focus was on building self-esteem, promoting physical activity, and empowering kids.
• In response to the environmental crisis, the organization launched a 'giveback' campaign, encouraging individuals to reduce their carbon footprint and participate in conservation efforts. These actions included planting trees, using public transport, and donating to environmental groups to aid the sustainability.