Addressing global challenges requires a collective and concerted effort, involving all actors. Through partnerships and alliances, and by pooling comparative advantages, we increase our chances success."
- Ban Ki-moon, UN Secretary-General

Sharp Increase In Corporate Giving In 2005

4 May 2007

As reported in the newly released "Giving In Numbers" 2006 Edition, which is published annually by the Committee Encouraging Corporate Philanthropy (CECP), corporate giving saw a sharp increase in 2005. The total giving of companies in 2005 equaled more than $10.5 billion.

This money was allocated across various program areas, with the typical company giving 34% of its total giving to health and social services, and education ranking second across all program areas.

More findings from the same report include the fact that giving is fast-paced with the typical corporate giving professional being responsible for making 154 grants per year, and the companies placing volunteerism as a top priority in their corporate giving.

"Giving In Numbers" is a report prepared by the Corporate Giving Standard philanthropy measurement initiative, who surveyed 103 companies on the full breadth and depth of their 2005 corporate giving initiatives. For the full report, please click here.