Giving by Corporations
Giving by corporations includes all IRS itemized cash and non-cash donations contributed by all American corporations and businesses and their foundations to U.S. charities.
According to the baseline projection alone, giving by corporations would have increased in 2018 and 2019. The exceptional circumstances created by tax policy changes have complicated this picture. Click here for a more detailed analysis.
Specific factors that will significantly and positively influence corporate giving in 2018 and 2019 include:
- Average to above-average growth in GDP, and
- Above-average growth in corporate saving.
These two factors account for the majority of the predicted growth in giving by corporations in these years.
Increases in corporate profit for 2018 and 2019, as well as declines in consumer sentiment for the preceding and projected years, may moderate the positive results projected for corporate giving in 2018 and 2019.66 The negative influence of current-year corporate profits on corporate giving may reflect a reduced need to use philanthropy as a marketing tool and increased current-year production costs that tap into the same company resources used for philanthropic initiatives.67