BDO USA Recognized by Points of Light as One of the 50 Most Community-minded Companies in the United States
'Our core purpose is helping people thrive every day — this includes not only our professionals and clients but also the people who make up the communities in which we live and work,' said Cathy Moy, BDO USA Chief People Officer. 'This recognition is a testament to our people who embody a culture of stewardship by championing community care and well-being across the country.'
The firm's social impact program, BDO Counts, is employee-driven and focuses on four cause areas chosen by its professionals: Children & Youth, Education & Literacy, Human Rights and Environment. Since launching its evolved social impact strategy in 2023, BDO has introduced a variety of new programs and initiatives. Most notably, the firm announced its first national nonprofit cause partnership with Big Brothers Big Sisters of America, which aims to create a pathway to economic empowerment and brighter prospects for the next generation through mentorship.
'This is an exciting achievement and underscores the significant strides our firm has made in advancing our social impact strategy,' said Chad Gabriel, Social Impact Senior Director at BDO USA. 'I'm incredibly proud of what we have accomplished together and look forward to continuing our efforts to drive meaningful change in our communities.'
For more than a decade, The Civic 50 has served as the national standard for corporate citizenship and showcases how leading companies are moving social impact and community to the core of their business. This comprehensive survey for companies with annual revenues of at least $1 billion evaluates the scale, sophistication and impact of their employee volunteering, community engagement and corporate philanthropy work.
'In an ever-evolving landscape, companies are looking to ensure that they can meet the needs of their communities, customers, and stakeholders,' said Jennifer Sirangelo, president and CEO, Points of Light. 'Companies like BDO are leading the way in showing how social impact benefits their employees' well-being, strengthens the communities where they do business, and brings value and meaning to their work. Their efforts provide a model for others looking to bring the benefits of volunteering and social impact to their workforce, and they're extremely deserving of this recognition.'
The Civic 50 survey is administered by True Impact, and the results are analyzed by VeraWorks. The survey instrument consists of quantitative and multiple-choice questions that inform the scoring process. The Civic 50 is the only survey and ranking system that exclusively measures corporate community engagement.
About BDO USA
Our purpose is helping people thrive, every day. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients and our communities. BDO is proud to be an ESOP company, reflecting a culture that puts people first. BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization.
BDO is the brand name for the BDO network and for each of the BDO Member Firms. BDO USA, P.C., a Virginia professional corporation, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. For more information, please visit: www.bdo.com.
About Points of Light
Points of Light is a nonpartisan, global nonprofit organization that inspires, equips, and mobilizes millions of people to take action that creates a positive impact through volunteering and civic engagement. Through partnerships with nonprofits, companies and social impact leaders, the organization galvanizes volunteers to meet critical needs for healthier and more resilient communities. As the world's largest organization dedicated to increasing volunteer service, Points of Light engages more than 3.8 million volunteers across 32 countries. For more information, visit www.pointsoflight.org.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
4 days ago
- Business Wire
Tax Leaders Secure Their Positions as C-suite Advisors — BDO Report
CHICAGO--(BUSINESS WIRE)--As tax complexity dominates headlines and executives' planning agendas, the 2025 BDO Tax Strategist Survey reveals that heads of tax are advising the C-suite in unprecedented numbers. The 2025 BDO Tax Strategist Survey found that CFOs are fostering greater collaboration between the tax function and the broader organization. As a result, tax leaders' influence is at an all-time high. Share The survey found that a trend BDO identified years ago and termed the rise of the 'Tax Strategist' has reached new heights. More tax leaders have firmly established themselves at the decision-making table than ever before. Major U.S. tax policy changes and increasing business complexity are key causes of this shift. In addition, more tax leaders are being empowered with the appropriate resources, technology, and talent to take a holistic approach to tax strategy. Looking ahead, they must now also focus on cementing their positions as key advisors across the business. 'Tax is increasingly taking a seat center stage in decision making,' said Matthew Becker, National Managing Principal of Tax at BDO USA. 'We are seeing more tax teams step up as key advisors to the C-suite, helping navigate policy change, shape strategy, and drive growth. This environment creates opportunities for tax leaders to help guide their organizations through uncertainty while demonstrating the full potential of the value they can deliver.' Collaboration with CFOs is key to tax's seat at the table Tax executives are regularly asked to weigh in on strategic discussions across the business, from resilience strategy to transaction planning, operational risk management, supply chain management, and more. CFOs play a key role in tax's influence, with 92% of tax leaders reporting that CFOs bring them to the table for important business strategy conversations, and 90% saying that their CFO helps facilitate cross-collaboration between tax and other functions. Tax policy landscape presents multiple challenges Organizations must navigate multiple fronts of policy changes simultaneously. Top challenges include changes to U.S. tariffs (41%), changes to IRA clean energy credits (36%), new accounting rules (34%), as well as rising global risks like increasing transfer pricing audit activity (32%). Taking a proactive approach to tax risk management Tax functions report compounding challenges from both internal and external factors, creating significant tax risks. Looking ahead, leaders expect their greatest sources of tax risk to come from rapid growth, whether organic or through acquisition (22%), followed by technology challenges (20%), and organizational transformation (17%). Fortunately, tax functions are taking strides to improve their ability to spot and mitigate risk. Fifty-two percent report that they leverage tax technology to help reduce the risk of human error and highlight data anomalies. Building a portfolio of talent and technology More than two-thirds (67%) of tax leaders say they will increase investment in tax technology in the next 12 months, signaling their commitment to digital transformation to meet evolving compliance requirements. Meanwhile, 58% plan to increase spending on initiatives like training and upskilling their teams, a critical component for successful technology rollout. While artificial intelligence (AI) ranks highly among the tools tax teams deploy, less than half (44%) of organizations report using data management systems, which are essential for effectively leveraging AI tools and platforms. To uncover more insights into the evolving role of the tax executive, download the 2025 BDO Tax Strategist Survey here. About BDO USA Our purpose is helping people thrive, every day. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients and our communities. BDO is proud to be an ESOP company, reflecting a culture that puts people first. BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization. BDO is the brand name for the BDO network and for each of the BDO Member Firms. BDO USA, P.C., a Virginia professional corporation, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. For more information, please visit: About the Tax Strategist Survey The 2025 BDO Tax Strategist Survey polled 300 senior tax leaders at companies with revenues ranging from $250 million to $3 billion in May 2025. The survey was conducted by Rabin Roberts Research, an independent market research firm. All respondents in this survey indicated they oversee and are heavily involved in the day-to-day tax operations at their organizations
Yahoo
02-08-2025
- Yahoo
Massive earnings for this private company has investors shook
Massive earnings for this private company has investors shook originally appeared on TheStreet. Tether, the issuer of the USDT stablecoin, has posted a net profit of $4.9 billion in the second quarter of 2025. The crypto firm disclosed that between March and June this year, its reserves held over $162.5 billion against $157.1 billion in liabilities. The company had appointed accounting firm BDO to attest its revenue numbers. The company, in an official blog post, claimed that it is now among the largest holders of U.S. government debt globally. "Total exposure to U.S. Treasuries – including $105.5 billion in direct holdings and $21.3 billion owned indirectly – exceeded $127 billion (~$8 billion increase compared to Q1 2025) at the end of Q2 2025," the USDT issuer noted. The crypto landscape in the U.S. has significantly improved under President Donald Trump's administration. Similarly, regions like the EU and the UAE have also deployed effective crypto-related regulations, allowing the sector to grow under government oversight. This supportive shift in crypto-related reflects clearly in Tether's expanding profit the fourth quarter of 2024 that ended in December, Tether's treasury held $143.7 billion against liabilities worth $136.6 billion, a data chart by BDO showed. At present, the shareholder capital under Tether's management stands at roughly $5.47 billion. "Net profit for Q2 2025 totalled approximately $4.9 billion, bringing the total for the first six months of the year to $5.7 billion," the El Salvador-headquartered company said. "Year-to-date, TIL generated $3.1 billion in recurrent profits, excluding mark-to-market contributions from gold and bitcoin, which added another $2.6 billion." Massive earnings for this private company has investors shook first appeared on TheStreet on Jul 31, 2025 This story was originally reported by TheStreet on Jul 31, 2025, where it first appeared.
Yahoo
01-08-2025
- Yahoo
Tether Reports $4.9B Net Profit in Q2, Invested $4B in U.S. Initiatives
Tether International Ltd., the holding company behind the largest stablecoin, USDT, posted second-quarter net profit of $4.9 billion. The company held over $162.5 billion in reserves against $157.1 billion in liabilities, the USDT tokens issued, according to the latest attestation by accounting firm BDO. That puts excess reserves at $5.4 billion. Exposure to U.S. Treasuries, including direct holdings and instruments like money market funds and overnight reverse repurchase agreements, rose past $127 billion as it issued more than $13 billion of USDT in the quarter. The company said it booked year-to-date recurrent profits of $3.1 billion, and another $2.6 billion in mark-to-market contributions of gold and bitcoin (BTC) price appreciation. The firm held roughly $8.9 billion in BTC in the reserves, translating to over 83,200 tokens as of June 30, the attestation shows. Tether has begun channeling earnings into investments spanning artificial intelligence, renewable energy and digital communications, with U.S.-based initiatives receiving about $4 billion to date, the firm said. That figure includes XXI Capital, bitcoin treasury firm that is poised to go public by merging with a Cantor Fitzgerald-backed shell company (CEP), investment in video sharing platform Rumble and developing the firm's crypto wallet offering. The report comes as stablecoins are rapidly being integrated into the broader financial plumbing, with the U.S. signing the GENIUS Act into law to regulate the sector. Earlier this month, CEO Paolo Ardoino said in an interview with CoinDesk that his company will comply with the new laws and issue an on-shore version of its in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
