Giving in Numbers: 2013, released last week by The Conference Board and the Committee Encouraging Corporate Philanthropy (CECP), found that India and China received charitable gifts from more US-based companies than any other non-North American country in 2012, with 72 percent of corporations giving to India, and 66 percent to China. However the report also found that in 2012, only two percent of total giving went to India, and four percent to China.
The report, which looks at data from 240 companies, including 60 in the top 100 of the Fortune 500 for the year 2012, shows that total giving increased for 59 percent of companies from 2007 to 2012, with 38 percent of all companies increasing their giving by 25 percent or more. Aggregate corporate giving rose by 42% ($4.48 billion) from 2007 to 2012 in inflation-adjusted dollars. In addition, forty percent of companies also expect their giving to increase from 2012 to 2013.
Giving in Numbers: 2013 looked at trends in corporate international giving and found:
- The majority of companies (71 percent) give internationally. Of these companies, an average of 21 percent of giving flows overseas.
- Manufacturing companies lead international giving, followed by energy companies.
- Business strategies drive international giving, with employee footprint the second most common reason for giving internationally.