A survey conducted by the Conference Board in New York looked at 197 companies and their donations. The amount of donations increased only a little, from $10.2 billion in 2006 to $11 billion in 2007. The survey was conducted between March and June of 2008, before the Wall Street collapse. The surveyed companies did not expect an increase in their grant making in 2008.
In 2007, all types of companies noticed an increase in corporate donations. The exception was environmental charities, which dropped 4.4%. The top charities donated to were health and human-service non-profits. This same trend has been noted for the last 5 years. The survey also took into account overseas donations. $2.35 billion was donated both in 2006 and 2007. The companies report spending 26% more in Europe than other international locations. The Asia-Pacific region, Latin America and Caribbean, Canada, and Africa report the next-largest donations. The biggest donors are pharmaceutical companies at $3.84 billion in cash and products. Banks, technology companies, and energy companies come in next in line. Products and services (non-cash donations) make up 54.2% of total donations in the U.S alone, with the percentage going up to 66.2 in overseas countries.
Information taken from: Caroline Preston, “Corporate Giving Showed Small Gain in 2007, Report Says”. Chronicle of Philanthropy, News Updates (philanthropy.com) Lauren White