August 23, 2007

Bank Mergers Spur Rise in Giving, Study Says

By Caroline Bermudez

Philanthropic giving by banks has increased significantly amid major mergers that took place in the 1990s, but the banks are focusing their donations more on national causes than the local ones previously supported, a new study has found.

The report, "Banking on Philanthropy: Impact of Bank Mergers on Charitable Giving," was conducted by the National Committee for Responsive Philanthropy, a Washington watchdog and research group, with support from the Rockefeller

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