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June 08, 2016

Giving by Firms and Workers Up 1% Since 2013, Survey Finds

A new report by a group that tracks corporate philanthropy found that median total giving by companies and their employees rose 1 percent from 2013 to 2015, The Wall Street Journal writes.

The Committee Encouraging Corporate Philanthropy, a coalition of CEOs, polled 272 businesses with aggregate 2015 revenues of $7.5 trillion. Median giving by the firms totaled $15.9 million, with 47 percent of respondents reporting that they had upped their philanthropy over the two-year period.

The share of employees volunteering also rose, from 28 percent in 2013 to 33 percent in 2015. Education was the favored cause, accounting for nearly 30 percent of giving on average, followed by health care and social-service programs.

See a new Chronicle special report on corporate giving, including a survey of philanthropic activity by America’s biggest companies.