July 22, 2012
Most Big Companies Expect Flat Giving, Despite 2011 Gains
PG&E Corporation is among the companies narrowing their giving focus: The company gives to fewer causes but added aid to the American Red Cross.
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PG&E Corporation is among the companies narrowing their giving focus: The company gives to fewer causes but added aid to the American Red Cross.
Charitable giving by America’s biggest businesses rose slowly last year and shows little sign of gaining in 2012, according to a Chronicle study of 166 large companies.
Donations grew by 4 percent in 2011, according to the 115 companies that provided two years of data. That’s far less than the 13-percent rise from 2009 to 2010, when companies saw a sharp rebound in profits after the recession.
More than 7 in 10 corporate leaders anticipate their
