38% of Companies Cut Cash Giving in 2009, Study Finds - Philanthropy.com

38% of Companies Cut Cash Giving in 2009, Study Finds - Philanthropy.com: "38% of Companies Cut Cash Giving in 2009, Study Finds

By Caroline Preston

Business leaders say they remain committed to being good corporate citizens even during the recession, but financial pressures have forced some to cut back on philanthropy and volunteerism, according to a new study by the Boston College Center for Corporate Citizenship and the Hitachi Foundation."

Article

Article: "Sixty-eight percent of the nonprofits surveyed for the 13th Annual Report Card on Charitable Giving say the economic downturn has caused a drop in giving. Sixty-three percent of the agencies feel the state of philanthropy is getting worse. Of the organizations providing direct services to clients, 62 percent say demand for assistance is increasing."