Corporate Giving at Lowest Levels Since 1970s, Philanthropy Expert Says
Corporate philanthropic donations as a share of pretax profit are trending at their lowest levels since the 1970s, according to a report presented Wednesday in Philadelphia.
"Corporations are clearly not stepping up," said Patrick Rooney, executive director of the Center on Philanthropy at Indiana University, speaking to dozens of fundraisers from the region at the Union League.
It wasn't quite so clear to Wynnewood lawyer Laura N. Solomon, whose firm specializes in nonprofits.
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