I don't think that's the intent behind it, but it's certainly an impact.
Charity is a stopgap to a systematic solution to addressing a lot of problems.
Your local food bank isn't bad, but it does hide the issue of food insecurity behind a solution that isn't guaranteed to be available to everyone like UBI or expanded food stamp access would.

Those cruddy charities do exist, but I think usually businesses try to avoid them because of the risk of backlash. The people running the programs usually try to do what they can to pick good charities at the least, since it's basically all the same to the business.
Not much that they can do about the CEOs spouse getting a spot on the charity board though.