Corporate Foundation Giving Remained Flat in 2008, Foundation Center Report Shows; Declines Expected in 2009

Corporate foundation giving will most certainly decline in 2009, with the banking and finance industries accounting for about one-quarter of corporate foundation support in recent years and corporate earnings down across the board. Slightly more than half (51 percent) of corporate foundations responding to the Center's annual forecasting survey said they expect to reduce their giving this year, with three-quarters of these funders anticipating decreases of more than 10 percent.