According to a survey by the Committee Encouraging Corporate Philanthropy, while more than half of American corporations gave more to charity last year than the year before, total giving declined slightly over the same period.
According to the Philanthropy Journal article, giving by corporations in 2008 dropped 68 percent among companies surveyed. Still, 53 percent of companies gave more last year than in 2008, and of those that increased their giving, more than a quarter contributed at least 10 percent more.
Median giving per company also declined, falling to $30.78 million last year from a high of $33.19 million in 2007. Among those giving more in 2008 than 2007, non-cash giving saw the greatest increase, at 35 percent, with cash grants taking the biggest hit among companies whose profits fell in 2008.