The largest U.S. businesses increased their charitable giving by a tepid 4% in 2011 and seem unlikely to pick up the pace in 2012, according to a new Chronicle of Philanthropy study of 166 large companies.
Last year's growth compared unfavorably with the 13% rise from 2009 to 2010, when companies experienced a sharp rebound in post-recession profits, The Chronicle said.
Some three-quarters of corporate leaders in the study anticipated their philanthropy budgets would be about the same this year because of concerns about the economy. Twenty-seven percent said they would give more, while 2% would donate less.
Among other findings:
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