November 1, 2010

America’s Most Generous Companies

Posted in Philanthropy at 7:51 pm by philanthropynews

Some of the nation’s largest businesses gave away billions to charity last year, but bigger profits in 2009 didn’t translate into bigger donations.

Despite tough economic times, 162 of America’s largest corporations continued giving in 2009, according to a survey published byThe Chronicle of Philanthropy. But in a year when profits were beginning to bounce back, many of them slimmed down their cash donations.

Cash and product giving combined dropped for the first time since 2003, as 68 companies gave less in 2009 than the previous year. More than half of the large corporations gave less cash, 30% gave more, and 16% gave about the same as the year before.

(Read more via Forbes Magazine.)

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