Cause marketing is a relationship between a for-profit and a nonprofit that brings in money and resources for the nonprofit, while providing credibility and goodwill for the business.
According to the IEG Sponsorship Report, this category grew to $733 million in the US in 2001. There are a number of reasons for that growth. A Cone Communications survey found that:
- 80 percent of Americans have a more positive image of companies that support a cause they care about
- nearly two-thirds of Americans say they would likely switch brands or retailers to one associated with a good cause
- more than half said they would pay more for a cause marketer