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November 04, 2008
Companies Expect Giving to Stay Flat
Although requests from charities for assistance are on the rise, charitable giving by corporations such as Bank of America, General Electric, and Wells Fargo will most likely be flat in 2009 as those companies suffer the effects of the banking crisis or see lower profits, reports Reuters.
Even so, nonprofit groups are stepping up requests for aid. A spokesman for Wells Fargo said the company had gotten 20 percent more requests for assistance from charities compared with this time last year.
To see more about corporate giving, see the results of The Chronicle’s annual survey of big businesses.
(Free registration is required to view the Reuters article on the Washington Post site, and a paid subscription or short-term pass is required to view the Chronicle article.)
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