Giving by Corporations
Giving by corporations includes all IRS itemized cash and non-cash donations to U.S. charities contributed by all American corporations and businesses and their foundations.
Giving by corporations is predicted to increase by 0.4% in 2020 and by 1.4% in 2021.x
The projections for giving by corporations in 2020 and 2021 is predicted to be below the historical 10-year, 25-year, and 40-year annualized average growth rates for this sector.18
Specific factors that will significantly and positively influence corporate giving in 2020 and 2021 include:xi
- Average growth in GDP, and
- Above average growth in the S&P 500.
These two factors account for the majority of the predicted growth in giving by corporations in these years.
A slightly negative 1-year treasury rate may moderate the positive results projected for corporate giving in these years—decreased confidence in short-term investments may also mean that corporations are more likely to hold back on increasing corporate giving.19
- xiii All growth rates are based on predictions for giving in inflation-adjusted 2018 dollars using 2019 as the base year. The Philanthropy Outlook projects the growth rates of variables into 2020 and 2021; predicted growth rates are compared with the variables’ historical 10-, 25-, and 40-year annualized means. See Table 1 for these data.
- xiv For the definition of these variables and their sources, see the “Variable Definitions and Sources” list in the Guide to the Philanthropy Outlook model at www.PhilanthropyOutlook.com. The Guide to the Philanthropy Outlook also includes information about the stability of the variables.