July 16, 1998

Big Business Means Big Philanthropy

By DEBRA E. BLUM and SUSAN GRAY

Large companies forecast 11% rise in gifts, but mergers worry charities

Many of America's largest companies expect to give significantly more to charity this year than in 1997, a Chronicle survey has found.

Among 66 big companies that reported their giving plans for 1998, cash donations are expected to rise by 11 per cent, to $1.3-billion. Those same companies had already increased their donations by almost 14 per cent from 1996 to 1997. By

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