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18 December 2020 | Press Release
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Copy LinkIn the face of severe economic headwinds, 61 percent of major global companies spent more on philanthropy in 2020 than budgeted. That’s according to a new survey[1] of public and private companies with median revenues of more than US $28 billion conducted by The Conference Board Environmental, Social & Governance (ESG) Center. According to the survey, over 67 percent of these leading companies plan to maintain or increase their total level of giving in 2021. Findings and insights from the survey include:
Corporations stepped up their giving to address the pandemic and racial inequality in 2020:
Look for sustained corporate giving in 2021:
Look for virtual volunteering to continue:
Companies are providing additional support and flexibility for non-profit partners:
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The Conference Board is the member-driven think tank that delivers Trusted Insights for What’s Ahead®. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org
Media Contact
Joseph DiBlasi
[1] The survey was sent at the end of November to 102 public and private companies with median revenues of more than US $28 billion; 51 responded.
Media Contact:
Joseph DiBlasi
jdiBlasi@tcb.org
