Corporate Philanthropy in the United States up 14% in 2005
Data based on the 2005 analysis of corporate philanthropy - The Corporate Giving Standard
- Total Giving Is Up Significantly
Companies gave significantly more in 2005 than in 2004. Among the sixty-six matched-set companies, the median dollar value of contributions increased from $32.9 million in 2004 to $37.7 million in 2005, which equals an increase of 14.6%. The overall sum of 2005 giving exceeded $10.5 billion.
- Percentage of Total Giving Varies Greatly Across Programme Areas
The typical company allocated the greatest percentage (34%) to health and social services. This is followed by funding for education totaling up to 23%, which can be further broken down into K-12 (19%) and Higher (13%) education. The least-funded programme area is the environment, receiving only 3% of a company's total giving.
- Gulf Coast Hurricane Giving exceeds Tsunami Relief Funding
The percentage of disaster-relief corporate matching jumped from 3.2% of the company's total corporate matching in 2004 to 22.9% in 2005. Comparing the total giving for Tsunami Relief with total giving for Gulf Coast Hurricane Relief, median giving to Gulf Coast Hurricane Relief ($2.0 million) was double the median giving to Tsunami Relief ($1.0 million). For 72% of companies, contributions to the Gulf Coast Hurricane crisis exceeded their philanthropy budgets.
- Volunteerism Is Increasingly Important
Overall, 85% of companies have domestic volunteer programmes in place, while 41% have international programmes. Recognition awards and company-wide days of service seem to be the most successful, with paid sabbaticals proving least successful.
For its trend analysis, CECP compared a matched set of sixty-six companies
that submitted data in 2004 and 2005.
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