August 21, 2008

Overseas Giving by American Companies Is on the Rise

By Caroline Preston

Companies are channeling a growing share of their donations outside the United States, according to a Chronicle of Philanthropy survey of giving by the largest American businesses. That trend is expected to accelerate as corporations open new offices and sell more products in foreign countries.

Last year, 41 companies in the Chronicle survey gave $2.5-billion in cash and products abroad, compared with $2-billion in 2006. The median gift was $8.3-million, meaning that

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