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McGraw

June 6, 2008

Corporate philanthropy by multinational US businesses increased by 5.6% in 2007 according to new research by the Committee Encouraging Corporate Philanthropy.

Corporate philanthropy by multinational US businesses increased by 5.6% in 2007 according to new research by the Committee Encouraging Corporate Philanthropy (CECP). The international forum of business CEOs and chairpersons claims that donating shot up to a median of $26 million among the 155 companies it surveyed.

Highlighting the growing importance of philanthropy to long-term shareholder value, many cited a shift towards funding new strategic focus areas, as well as an increased level of senior management attention to community investment.

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