Corporate Leaders Tout Philanthropy's Benefits Amid Grim Financial News

Such are the challenges facing many corporate-philanthropy leaders today. They are striving to make the case for why their companies should give back to charities as profits tumble and boards take a closer look at every aspect of the business.

Mr. Corcoran and others who lead corporate foundations say companies that are able to demonstrate how their philanthropy advances business goals have the best chance of maintaining their giving during the recession.