Key Facts on Corporate Foundations (2009 Edition)
Source: Foundation Center
Charitable giving by the nation’s nearly 2,500 corporate foundations remained virtually unchanged in 2008, according to the Foundation Center’s Key Facts on Corporate Foundations, an annual report on corporate foundation giving released today. Giving totaled an estimated $4.4 billion last year.
Corporate foundation giving will most certainly decline in 2009, with the banking and finance industries accounting for about one-quarter of corporate foundation support in recent years and corporate earnings down across the board. Slightly more than half (51 percent) of corporate foundations responding to the Center’s annual forecasting survey said they expect to reduce their giving this year, with three-quarters of these funders anticipating decreases of more than 10 percent.
