June 12, 2008
Companies Expect Giving to Hold Steady
Despite a weakening economy, corporate giving grew by 5.6 percent last year, according to preliminary findings of a new report.
The Committee Encouraging Corporate Philanthropy, in New York, based the findings on a survey of 155 companies, 69 of which were on Fortune magazine's latest list of the 100 most-profitable companies.
The median amount these corporations gave last year was slightly more than $26-million — meaning half gave more and half gave less.
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