U.S. Corporations Keep Giving

Jan. 13, 2005
By John S. McClenahen Despite a slow-to-recover economy during much of the past two years, corporate contributions to charity by the largest U.S. corporations have remained relatively strong. "The largest U.S. corporations continue to add to their ...
ByJohn S. McClenahen Despite a slow-to-recover economy during much of the past two years, corporate contributions to charity by the largest U.S. corporations have remained relatively strong. "The largest U.S. corporations continue to add to their contribution budgets despite less than ideal economic conditions," says Sophia A. Muirhead, a senior research associate at the Conference Board, a New York-based business research group. "The situation will continue throughout next year as well," she predicts. The Conference Board figures total U.S. giving from 205 of the largest U.S. companies and corporate foundations was $4.45 billion in 2002, the most recent year for which it has complete data. Among the 111 companies and foundations surveyed in both recession year 2001 and recovery year 2002, overall charitable giving increased a reported 13.72%. However, median contributions declined 4.5% to $8.02 million from $8.4 million between 2001 and 2002. The Conference Board reported the results of its most recent annual survey of corporate giving on Jan. 8.

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!