Drug companies helped drive an almost 18 percent increase in corporate philanthropy last year as they gave away medicine to poor Americans still struggling in a rough economy, a survey found on Thursday.
The Committee Encouraging Corporate Philanthropy poll of 110 companies found they gave $13 billion in cash and products last year as the United States began to emerge from recession.
While 40 percent of the 110 companies — polled annually for the past four years — boosted their giving last year by more than 10 percent, another 17 percent decreased their giving by more than 10 percent compared to 2009.
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%0D%0A%20%20The%20Committee%20Encouraging%20Corporate%20Philanthropy<%2Fa>%20poll%20of%20110%20companies%20found%20they%20gave%20$13%20billion%20in%20cash%20and%20products%20last%20year%20as%20the%20United%20States%20began%20to%20emerge%20from%20recession.%0D%0A<%2Fp>%0D%0A
0 Comments Comments%0D%0A%20%20While%2040%20percent%20of%20the%20110%20companies%20—%20polled%20annually%20for%20the%20past%20four%20years%20—%20boosted%20their%20giving%20last%20year%20by%20more%20than%2010%20percent,%20another%2017%20percent%20decreased%20their%20giving%20by%20more%20than%2010%20percent%20compared%20to%202009.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Faggregatedcontent%2Fdrug-companies-drive-us-2010-corporate-philanthropy%2F" target="_blank" class="email" data-post-id="18771" type="icon_link"> Email Email