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Corporate Giving Declined in 2008
Last month we mentioned GivingUSA's annual assessment of individual giving which showed that donations from individuals had dropped 5.7% overall in 2008. Things were even worse on the corporate side.
The Committee Encouraging Corporate Philanthropy's 2008 assessment of corporate gving (PDF) reports that corporate giving was down nearly 8% overall ($30.78 million compared to $33.19 million in 2007). Although 53% of corporations surveyed said they had increased their giving, and 27% had increased giving by at least 10%, it wasn't enough to make up for the overall decline.
Check out the full report (PDF) for more details that may be influencing nonprofit budgets dramatically.
