New Foundation Center Report: Corporate Foundations

Giving by corporate foundations rose an estimated 6 percent in 2006 to a record $4.2 billion, according to Key Facts on Corporate Foundations. Increased giving is expected in 2007 as well: 57 percent of those surveyed said they expect to give more again this year. In a separate development, a handful of pharmaceutical manufacturers continued to ramp up their giving through operating foundations, with support from these and other corporate-sponsored operating foundations totaling nearly $3.2 billion in 2005. Full Report (PDF)