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June 26, 2015

Median Corporation Gave $18.5-Million in 2014

The median amount donated by U.S. corporations last year was $18.5 million, or 0.11 percent of revenue, The Wall Street Journal reports, citing new data from the Committee Encouraging Corporate Philanthropy. The most generous fourth of 271 firms surveyed by CECP, a nonprofit coalition of CEOs calling for greater corporate giving, donated at least $48.9 million in 2014.

Financial, industrial, and utility firms overwhelmingly donated money while the communications and health-care sectors gave more in products and services. Twelve percent of cash contributions were matches of employeee gifts. Producers of consumer staples and health and communications companies were comparatively the biggest givers, donating a median of $52.7 million, $42.1 million, and $39.8 million, respectively.

Corporate philanthropy rose by nearly 12 percent to $17.8 billion last year, according to the latest "Giving USA" report, issued earlier this month.