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The Softer Side of Capitalism

April 9, 2008

The Softer Side Of Capitalism

Corporate America may have a reputation for being self-serving and greedy, but statistics released by the Conference Board counter that tendency with news that corporate contributions to charitable causes are on the rise, pointing to more robust CSR programs across the board. Among the findings:
  • Total corporate contributions in the United States and abroad - based on 211 corporations and foundations - equaled $9.8 billion in 2005;
  • Contributions have increased by 18% among the largest corporations and foundations between 2004 and 2005;
  • Health and human services remained the top priority, receiving approximately 56% of the total dollar-contribution;
  • However, this number is impacted by the fact that pharmaceutical companies accounted for 43% of giving in the U.S.; and,
  • Education received 15% of total charitable contributions, ranking second to health and human services.

 

 

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