Year-over-Year Corporate Giving
According to Giving USA, giving by corporations totaled $21.09 billion in 2019, representing 5% of all annual charitable giving.1
2019 figures increased by an estimated 13.4% compared to 2018 and included cash and in-kind contributions made through corporate giving programs, grants, and gifts from corporate foundations.
In 2019, the U.S. Gross Domestic Product (GDP) increased 4.1% over 2018, and corporate pre-tax profits stayed flat at 0.2% in current dollars. These economic indicators have been found to positively affect corporate giving.
1 2020, Giving USA, Giving USA 2020: The Annual Report on Philanthropy for the Year 2019
The average annual employee donation per worker is $724.2 By comparison, the average annual company match per full-time employee is $690. Trends indicate that employees are more likely to engage at a higher rate with workplace programs that offer both giving and volunteering opportunities. In general, trends in workplace giving harmonize with generational trends, showing that older Americans and retirees give more—almost 4.5 times more per year in donated dollars compared to full-time employees.
2 2019, Blackbaud, Industry Review: Employee Engagement and Corporate Social Responsibility