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News & Information: National Philanthropy News

Most Big Companies Expect Flat Giving, Despite 2011 Gains

Monday, July 23, 2012   (0 Comments)
Posted by: Amy Seasholtz
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Special Report: CORPORATE GIVING

 

July 12, 2012

Charitable giving by America's biggest businesses rose slowly last year and shows little sign of gaining in 2012, according to a Chronicle study of 166 large companies.

Donations grew by 4 percent in 2011, according to the 115 companies that provided two years' worth of data. That's far less than the 13-percent rise from 2009 to 2010, when companies saw a sharp rebound in profits after the recession.

More than 7 in 10 corporate leaders anticipate their philanthropy budgets will be roughly the same this year amid continued worries about the economy. About 27 percent say they will give more and 2 percent will donate less.

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