Cash gifts to charity from America’s biggest companies grew by 2.7% last year to $5.3 billion, according to a new survey by The Chronicle of Philanthropy.
Although the 106 companies that provided two years’ worth of data expected donations to increase modestly for the third consecutive year in 2013, growth will likely be slower for many companies, the survey found.
More than 75% of corporate leaders said their giving budgets would be about the same this year. About 16% said their companies would donate more, and 6% said they would give less.
Businesses awarded a median of 0.8% of their 2011 pretax profits to charity in 2012. In the previous six years, the percentage of profits going to charities varied from 1% to 1.4%.
Other findings:
The Chronicle said its study looked at the nation’s largest companies, but noted that small and midsize corporations may be expanding their giving budgets more quickly.
Here are the 10 companies that gave the most cash in 2012:
How much it gave: $137 million
Share of 2011 pretax profits donated in 2012: 0.9%
Forecast for 2013: Expects to give the same
How much it gave: $147 million (plus $77 million—products)
Share of 2011 pretax profits donated in 2012: 5%
Forecast for 2013: Declined to provide
How much it gave: $161.5 million
Share of 2011 pretax profits donated in 2012: 0.8%
Forecast for 2013: Expects to give the same
How much it gave: $183.5 million
Share of 2011 pretax profits donated in 2012: 0.7%
Forecast for 2013: Expects to give more
How much it gave: $222.9 million
Share of 2011 pretax profits donated in 2012: The company lost money in 2011, so this figure could not be calculated
Forecast for 2013: Expects to give the same
How much it gave: $213.4 million (plus $2.4 million in products)
Share of 2011 pretax profits donated in 2012: 0.3%
Forecast for 2013: Expects to give the same
How much it gave: $241.3 million
Share of 2011 pretax profits donated in 2012: 3.9%
Forecast for 2013: Declined to provide
How much it gave: $262.4 million
Share of 2011 pretax profits donated in 2012: 0.6%
Forecast for 2013: Expects to give more
How much it gave: $311.6 million (plus $755.9 million in products)
Share of 2011 pretax profits donated in 2012: 4.5%
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Forecast for 2013: Expects to give more
How much it gave: $315.8 million
Share of 2011 pretax profits donated in 2012: 1.3%
Forecast for 2013: Expects to give less
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