Thursday, March 5, 2009

Effect of Economic Downturn on Corporate Philanthropy

Last month (February 2009), the Conference Board surveyed over 150 companies about how the economic crisis is affecting their corporate social responsibility. Not surprisingly, 45% of companies surveyed had a reduced CSR budget in 2009, and another 16% of firms were considering cuts. However, many companies surveyed are increasing the resources available for their employee volunteer programs.

Conference Board Press Release

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