Growth Strategies, The Journal of Accounting Marketing and Sales, featured corporate social responsibility in its Fall 2012 issue with articles about how accounting firms are embracing the effort.
Raffa is highlighted in a case study on the practice, "An Accounting Form that 'Walks the Walk'":
"While accounting firms ponder offering clients audit and accounting services for their corporate social responsibility initiatives, very few of them have established their own in-house CSR programs.
"Meet one that has: RAFFA, P.C. (2 offices, 14 partners, 250 professionals), a 28-year-old District of Columbia accounting firm that primarily serves nonprofits. “We have the obligation to be a positive force in our community,” declares founder and CEO Thomas J. Raffa. The firm obligates itself to give about 10 percent of gross annual revenues to the community.
"Two years ago, the firm was providing a wide range of financial and nonfinancial help to dozens of organizations — a small check to one charity, another to a community group, and so on. But there wasn’t any rhyme or reason to who got help and who didn’t. Plus, requests for charitable and volunteer help were flowing in from recession-hurting nonprofits.
"The firm began a comprehensive program to develop a sound CSR approach and goals. It audited and examined its financial donations, in-kind giving, pro bono efforts, use of nonprofit suppliers and volunteerism. The firm also assessed its environmental footprint, which insti- gated a move to a paperless operation. Raffa published its first CSR report, “Accounting to Our Community,” and is about to issue its second."
Read the rest of the case study and the related articles from Growth Strategies