May 31, 2007
Corporate Giving Increased 2.7% Last Year, Study Finds
Corporate foundations gave a record $4.2-billion to charity last year, and the majority expect to donate a larger amount in 2007, says a new report.
From 2005 to 2006, philanthropy by corporate foundations rose 2.7 percent after adjusting for inflation, says the report by the Foundation Center, in New York. The research group examined 2,600 organizations for the study.
Last year's growth, however, paled in comparison to the increase in company-foundation giving in 2005, when it
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