Emerging Trends in Corporate Giving Data
Margaret Coady
Director, Committee Encouraging Corporate Philanthropy
Key Takeaways:
- The economic downturn that began for some industries in the summer of 2007 did not discriminate in 2008, with 68% of companies that responded to the Committee Encouraging Corporate Philanthropy’s annual philanthropy survey showing a decline in corporate profits year-over-year.
- Against this challenging economic backdrop, 53% of surveyed companies nonetheless increased their giving from 2007 to 2008 (off only slightly from the 56% that increased giving from 2006 to 2007). Within this group, 27% of companies raised their year-over-year giving by an impressive 10% or more, recognizing the long-run importance of supporting their community partners.
- Among the 53% of companies that gave more in 2008, non-cash giving increased the most— surging by nearly 35%.
Links:
> Corporate Philanthropy 2008: Executive Summary
> CGS Data Powerpoint Presentation (PDF)
