Charitable giving by big U.S. companies grew in 1999 but was expected to be flat in 2000, a new study by the Conference Board says.
The study, reported in the Dec. 12 issue of The Chronicle of Philanthropy, says giving in 1999 by 209 big manufacturing and service companies to nonprofits in the U.S. and abroad totaled more than $5.4 billion in 1999 in cash and in-kind gifts.
Among 117 firms that provided data for both years, charitable contributions grew to $2.2 billion in 1999 from $1.87 billion in 1998, an 18 percent increase that followed a 10 percent increase among a similar group of companies from 1997 to 1998.
But in surveys answered in February 2000, 151 of the com apneas said that cash contributions in 2000 would be, on average, only 3 percent more than in 1999.
For full story, go to The Chronicle of Philanthropy.