On October 9th, Global Impact released its latest research findings at the U.S. Chamber of Commerce Business Civic Leadership Center (BCLC)’s annual corporate social responsibility conference. The report, titled, “Giving Beyond Borders: A Study of Global Giving by U.S. Corporations” was researched and written in partnership with Indiana University Lilly Family School of Philanthropy and analyzes international giving by U.S. corporations.
The study found two major catalysts for corporate giving. The first were the actual needs of local communities and the second, was related to the company’s financial presence and performance in that country.
Some of the reports findings include:
-A breakdown of regional giving, which had Asia and the Pacific has the region receiving the most attention from corporations donating internationally at 70%. Canada was second at 63%.
-86% of companies that gave internationally planned on increasing (19%) international giving or maintaining (67%) previous budgetary commitments to giving internationally.
-63% of surveyed corporations made charitable donations directly to foreign organizations that were equivalent to U.S. non-profit organizations.
-The report found that companies have adjusted their philanthropic strategies to accommodate distinct cultural and social characteristics of the country they operate in, suggesting as a whole, the human aspect of international philanthropy is becoming increasingly important.