We’re getting a look at the latest numbers from corporate philanthropy in 2017. CECP and The Conference Board have released the Giving in Numbers 2018 Report, highlighting corporate giving, volunteer and employee engagement trends from nearly 300 of the world's largest companies.
We’re getting a look at the latest numbers from corporate philanthropy in 2017. CECP and The Conference Board have released the Giving in Numbers 2018 Report, highlighting corporate giving, volunteer and employee engagement trends from nearly 300 of the world's largest companies.
We’re breaking down the key takeaways from Giving in Numbers 2018.
Corporate giving highlights:
The median total giving of the companies surveyed increased by 15 percent between 2015 and 2017.
An increase in disaster relief contributions was cited as one of the reasons for increased giving. Disaster relief contributions alone increased by more than 300 percent in the last three years.
Education is the top program area for corporate philanthropy.
STEM and workforce development/employment were the two program areas that increased the most as areas of focus for companies.
44 percent of companies say they anticipate their giving will increase in 2018.
Employee engagement highlights:
The median of total employee volunteer hours increased by 30 percent from 2015 to 2017.
Of the companies surveyed, 93 percent reported having an employee-volunteer program.
Companies that offer volunteer opportunities on company time reported higher employee participation, 31 percent.
The three most successful employee volunteer programs were: company-wide day of service, paid-release time and Dollars for Doers.
About 65 percent of the companies surveyed offer paid-release time for their employees to volunteer, compared to 52 percent which offer a company-wide day of service.
The volunteer rate is 33.5 percent for employees who participate in both paid-release time and flexible scheduling and 30.5 percent for employees who participated in one or the other.
When it comes to a year-round matching program, 92 percent of the companies said they offer a 1:1 match to employees.
In a Dollars for Doers campaign, the median match was $10/volunteer hour.
Operational highlights:
The number of companies who have foundations increased from 77 to 80 percent.
The median corporate foundation staff reported by companies was three.
Companies surveyed are targeting their grants for more significant impact by providing larger grants to fewer recipients in areas that align with their strategic framework.
More companies are measuring the impact of their grants, with 84 percent measuring outcomes of at least one of their grants.
The report shows that corporate philanthropy continues to gain momentum in giving, strategic engagement of its employees and demonstrating the business value of corporate social responsibility (CSR) work.
Want more?
Read the full report.
Join CMF and AACP this Thursday for the Corporate Giving Webinar Series: Creating an Effective Communications Strategy. Register today!
Corporate foundation and giving program members: Save the date! The 2019 Corporate Retreat is scheduled for May 6-7.
