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

"Corporate foundations will not be alone in having to reduce giving this year, but the cuts may well be deeper than for other types of grantmakers," said Steven Lawrence, senior director of research at the Foundation Center.

Other key findings from the report include:

* Inflation-adjusted corporate foundation giving has remained nearly flat in recent years.
* After inflation, corporate foundations reported slower cumulative growth in giving than other types of foundations since 1990.
* Education continues to be the number one focus of corporate foundation giving, followed by public affairs/society benefit and human services.
* The Northeast and Midwest continue to account for the largest shares of corporate foundation giving.