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

Corporates Move to ‘Recovery’ Philanthropy


Tuesday, 6th April 2010 at 11:58 am
Staff Reporter
Corporate strategy, not budget concerns, is setting this year’s philanthropy agenda in the US

Tuesday, 6th April 2010
at 11:58 am
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Corporates Move to ‘Recovery’ Philanthropy
Tuesday, 6th April 2010 at 11:58 am

Corporate planning for community involvement has moved out of crisis mode and into a recovery mindset, according to an annual survey of corporate giving strategies of U.S. companies by The Conference Board, a global business research and membership association.

The report — The 2010 Philanthropy Agenda: Is the Pressure Easing? — is based on responses from 114 companies to a December 2009-January 2010 survey about planned changes to their corporate giving programs.

Carolyn Cavicchio, senior research associate with The Conference Board says last year, due to the recession, it was all about cuts but this year, the dollar spend for contributions has continued to decline, but at a far less accelerated pace.

More than three-quarters of respondents said that they would make no recession-driven changes to their 2010 corporate giving programs. Strategic priorities such as aligning more closely with business needs, rather than economic concerns, are driving priority-setting in contributions.

Twenty percent of companies said they would reduce their giving budgets in 2010, compared with 53 percent in 2009. In addition, only four percent of companies plan to reduce the size of their giving staff, compared with 18 percent in 2009.

As in 2009, most companies surveyed are increasing the resources devoted to volunteering programs, and event sponsorship will see the most decreases.

In terms of focus areas, international development, STEM education (science, technology, engineering and math) and environment/sustainability will see the greatest resource increases. Capital campaigns and arts/culture will lose the most.

Other key findings:

  • Just six percent of companies surveyed plan to reduce their contributions-related administrative budgets, compared with 34 percent last year.
  • Only 11 percent of those surveyed said their companies would make fewer grants in 2010, compared with 34.8 percent in 2009.
  • Only eight percent said they would make smaller grants, compared with 20.9 percent last year.

Download the executive summary at www.conference-board.org
 



Guide to Giving

FEATURED SUPPLIERS


...


Yes we’re lawyers, but we do a lot more....

Moores

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Icare Foundation Encourages Charities to Pitch for $100,000 in Funding

Luke Michael

Tuesday, 26th September 2017 at 5:05 pm

Thankyou Turns a New Chapter

Wendy Williams

Tuesday, 26th September 2017 at 8:55 am

Thinkers Look to Melbourne to Grow SA Purpose Economy

Wendy Williams

Thursday, 21st September 2017 at 4:44 pm

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

Ignoring Social Housing is a Recipe for Failure Expert Warns

Wendy Williams

Tuesday, 12th September 2017 at 4:49 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!