More Than Half of Companies Increased Philanthropy in 2008, Despite Economic Decline

CECP’s corporate philanthropy data also indicate that while nearly 70% of respondents experienced a decline or loss in corporate profits from 2007 to 2008, the inflation-adjusted median giving per company remained high at $30.78 million, drifting down 7.8% from a peak of $33.19 million in 2007. The greatest surge was seen in non-cash giving – which rose by nearly 35% among companies whose giving increased. Giving from corporate foundations remained flat.