Corporate Giving Slow to Recover as Economy Remains Shaky, According to Survey
Charitable giving by America’s biggest companies will probably be flat in 2011, after a sharp rebound in 2010, according to a Chronicle of Philanthropy survey of 180 of businesses.
Cash giving rose by 13 percent, a relief to charities after the recession caused a decline of 7.5 percent by companies in 2009.
Seventy-four of the 107 companies from the Fortune 500 that provided projections said they expect this year’s giving to remain about the same as last year’s. Twenty-seven expect total giving to increase, while six expect a decrease.
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- Companies:
- Oracle
- Wachovia
- Wal-Mart
- Wells Fargo
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%0D%0A%20%20Cash%20giving%20rose%20by%2013%20percent,%20a%20relief%20to%20charities%20after%20the%20recession%20caused%20a%20decline%20of%207.5%20percent%20by%20companies%20in%202009.%0D%0A<%2Fp>%0D%0A
%0D%0A%20%20Seventy-four%20of%20the%20107%20companies%20from%20the%20Fortune%20500<%2Fa>%20that%20provided%20projections%20said%20they%20expect%20this%20year’s%20giving%20to%20remain%20about%20the%20same%20as%20last%20year’s.%20Twenty-seven%20expect%20total%20giving%20to%20increase,%20while%20six%20expect%20a%20decrease.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Faggregatedcontent%2Fcorporate-giving-slow-recover-economy-remains-shaky-according-survey%2F" target="_blank" class="email" data-post-id="19705" type="icon_link"> Email Email
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