Companies Increased Giving Last Year, SurveyFinds
Thursday, December 04, 2008
Corporations increased their giving last year despite a mixed economic climate, according to a new report from the Committee Encouraging Corporate Philanthropy, in New York.
The findings of the annual survey bode well for this year, when the economy has taken even harder hits, according to the report’s author, Margaret Coady, director of the corporate-philanthropy group.
“There’s no formula that says when profits are up, giving is up and when profits are down, giving is down,” Ms. Coady says. “There are many factors that determine giving, including the commitment that companies have to communities and nonprofit partners.”
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