Guide to Giving
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Communities, Corporate Engagement, Finance, Good Business, Leadership, Volunteering

Corporate Philanthropy remains strong despite global slowdown


Monday, 1st February 2010 at 10:28 am
Lina Caneva, Editor
Government report finds Australian corporates continue with community support despite the GFC

Monday, 1st February 2010
at 10:28 am
Lina Caneva, Editor


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Corporate Philanthropy remains strong despite global slowdown
Monday, 1st February 2010 at 10:28 am

Australia’s major companies have continued to support and invest in communities despite the tough economic conditions faced in 2009, according to a report released by the Australian Government.

 

Minister for Community Services, Jenny Macklin and Parliamentary Secretary for Social Inclusion and the Voluntary Sector, Ursula Stephens, released the report, Impact of the Economic Downturn on Corporate Community Investment, at the Social Inclusion Conference in Melbourne where corporate representatives and academics discussed the role business can play in social inclusion.

 

The report found that despite the economic downturn, large companies are continuing their trend towards strategic long-term community investment, with the majority surveyed sustaining their multi-year commitments.

 

Sixty-eight per cent of respondents expected an increase in corporate volunteer support in 2009-10, while 52 per cent expected an increase in workplace giving and payroll deductions.

 

Minister Macklin said corporate community philanthropy is essential, as more individuals and families are now seeking help from charities in times of need.

 

Senator Stephens said that the conference panel discussion – Let’s do business: corporate social responsibility – emphasised the valuable perspectives, talents and resources that corporate Australia can bring to addressing the multifaceted problems of social exclusion.

 

She said the complex causes of deep disadvantage cannot be resolved by government alone or by the Not for Profit and corporate sectors working in isolation.

 

She said it is only by working in partnership with all three sectors and bringing its respective strengths to tackling the complexity of exclusion to be able to make a difference.

 

The Australian Government commissioned the Centre for Corporate Public Affairs to undertake this research, which included surveying 150 leading Australian listed companies and focus groups with public affairs and corporate affairs practitioners responsible for corporate community investment strategies.

 

It found that despite many companies experiencing significant pressure on budgets: 

  • 41 per cent of respondents indicated that their overall community investment budget had increased since the previous year
  • 35 per cent reported no change

 

It also found:

  • 69 per cent of companies kept their multi-year commitments
  • 12 per cent reported their commitments had been reviewed downwards
  • 12 per cent said their commitments had been postponed or abandoned

 

Impact of the Economic Downturn on Corporate Community Investment can be found at www.fahcsia.gov.au

(PDF download:  http://www.fahcsia.gov.au/sa/communities/pubs/eco_impact_on_corp_comm_invest/Documents/impact_economic_downturn_cci.PDF)

 


Lina Caneva  |  Editor |  @ProBonoNews

Lina Caneva has been a journalist for more than 35 years, and Editor of Pro Bono Australia News since it was founded in 2000.

Guide to Giving

FEATURED SUPPLIERS


NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

...


Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Susan Pascoe Appointed Head of Newly Formed Community Directors Council

Luke Michael

Friday, 22nd September 2017 at 5:21 pm

Thinkers Look to Melbourne to Grow SA Purpose Economy

Wendy Williams

Thursday, 21st September 2017 at 4:44 pm

$2 Million Grant Helps Give Australians in Need A Fair Go

Wendy Williams

Thursday, 21st September 2017 at 8:35 am

Volunteering Tasmania Forced to Close Launceston Office

Luke Michael

Thursday, 21st September 2017 at 8:25 am

POPULAR

Moves to Stop Volunteering at Overseas Orphanages

Luke Michael

Wednesday, 13th September 2017 at 1:54 pm

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Majority of NFPs Are Not Believed to be Well-Run, According to New Survey

Luke Michael

Tuesday, 12th September 2017 at 4:14 pm

More Australians Are Giving Time Not Money

Wendy Williams

Monday, 11th September 2017 at 5:07 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Guide to Giving
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!