Big US corporations lifted their charitable giving last year by 5.6 per cent – to a median $26m – despite worsening economic conditions and a slowdown in earnings.
In its annual survey due to be released on Tuesday, the Committee Encouraging Corporate Philanthropy (CECP) said corporations were also likely to maintain 2007 levels of giving this year, “with some expected to increase or restructure their budgets to reach community partners most strongly impacted by the economy”.
