One of the largest and most prominent examples of corporate giving
to come to fruition last year was undeniably the BP Asset Integrity and Corrosion (AIC) Laboratory, reflecting a $1 million donation from BP Alaska in partnership with the University of Alaska Anchorage.
1 Corporate giving
totals include giving by Wells Fargo Bank, its subsidiaries, the Wells Fargo Foundation, and the Wells Fargo Regional Foundation.
What is more intriguing, however, is the changing philosophy of corporations regarding their corporate giving
policies, and the challenges this presents to the non-profit sector.
Responsibility for corporate giving
should remain with management and the board.
In 2014, Edwards' global corporate giving
will exceed $8 million, including more than $7 million in cash grants from Edwards Lifesciences Foundation to non-profit organizations around the world.
As federal, state and municipal support for non-profits dwindle, businesses around the country are faced with difficult decisions about their corporate giving
To be honest, the driving force behind most corporate giving
programs is PR.
Business Roundtable companies give more than $7 billion a year in combined charitable contributions, representing nearly 60 percent of total corporate giving
The contribution - $115,000 raised by associates and $100,000 from the corporate giving
program - continues to represent the largest single donation to the United Way's annual workplace campaign.
A recent survey by the Conference Board found that product philanthropy now makes up to 33 percent of corporate giving
on an annual basis.
So, sector observers weren't surprised when corporate giving
dropped below $10 billion for the first time since 1998, when it was $8.
We think the greening of corporations should also translate into even greater corporate giving