Corporate Pro-Bono Volunteering Campaign Tops $400 Million: Philanthropy News Digest, 9/13
The Corporation for National and Community Service’s new issue brief, Capitalizing on Volunteers’ Skills: Volunteering by Occupation in America, found that while most volunteers do not use their professional skills on behalf of nonprofits, those who do are more satisfied volunteers. The brief also found that individuals in management and professional occupations tend to have higher volunteer rates than people in other occupations. Education, training and library professionals have the highest volunteer rate (50.3 percent), followed by community and social service workers (49.6 percent) and the legal profession (47.1 percent). The national average volunteering rate is 27.2 percent.
Corporate donors adjust to economic slump: Philanthropy Journal, 9/15
Ken Goldstein, an economist with the Conference Board, noted that over a two-year period, he expects corporate profits will shift to a 5 percent decrease from a historical annual average of 8 percent to 10 percent growth, a swing representing a total decline of about 25 percent.
As goes the economy, so goes corporate giving. In strong economic times, corporate giving grows about 3 percent a year, he says, while it typically falls almost 2 percent in a recession. Over the past two decades, corporate giving as a percentage of pretax profits has averaged 1 percent, according to the Conference Board. If that average contribution holds steady, charities will be getting 1 percent of a shrinking pie.