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Thread: worthy causes

  1. #1
    meliss is offline Member
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    Default worthy causes

    Please, help me to clear up a mess in terms:
    "Total corporate contributions in the U.S. and abroad (among 211 corporations and foundations) amounted to $9.8 billion in 2005, The Conference Board reports today in its annual survey of corporate giving to worthy causes.
    This represents 71 percent of the overall estimated $13.77 billion in corporate charitable giving in the U.S. in 2005. Total U.S. giving (among 209 corporations polled) was $7.8 billion."
    1) Does it mean that 29% (100-71) of the U.S. corporate contributions were made to "unworthy causes"?
    2) If "total U.S. giving was $7.8 billion", what does "overall estimated $13.77 billion in corporate charitable giving in the U.S." mean?
    Thank you in advance.

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    Default Re: worthy causes

    'worthy causes' and 'charitable givings' are different:

    "Corporate contributions rose 22.5 percent to 13.77 billion, representing 5.3 percent of total giving in 2005. About $1.38 billion of corporate contributions are estimated to have been given for disaster relief.

    In contrast, charitable bequests fell 5.5 percent to $17.44 billion, representing 6.7 percent of total giving in 2005."

    Source: AFP > Resource Center | Fundraising news > Annual U.S. Charitable Giving Exceeds $260 Billion

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    meliss is offline Member
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    Default Re: worthy causes

    I can't see the answer on my question. OK, "worthy causes' and 'charitable givings' are different", but what is the difference?
    "Charitable bequests" are not relevant, they are not corporate. In my example it is "corporate charitable giving" and "corporate giving to worthy causes"!

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    Default Re: worthy causes

    Quote Originally Posted by meliss View Post
    "Total corporate contributions in the U.S. and abroad (among 211 corporations and foundations) amounted to $9.8 billion in 2005, The Conference Board reports today in its annual survey of corporate giving to worthy causes. This represents 71 percent of the overall estimated $13.77 billion in corporate charitable giving in the U.S. in 2005. Total U.S. giving (among 209 corporations polled) was $7.8 billion."
    Quote Originally Posted by meliss
    ]1) Does it mean that 29% (100-71) of the U.S. corporate contributions were made to "unworthy causes"?
    No. Corporations also provide financial support to 'worthy causes' that are non-charities.

    Quote Originally Posted by meliss
    2) If "total U.S. giving was $7.8 billion", what does "overall estimated $13.77 billion in corporate charitable giving in the U.S." mean?
    Will these definitions help?

    Corporate Contributions: A general term referring to charitable contributions made by a corporation. Usually used to describe cash contributions only, but may also include other items, such as value of loaned executives, products, and services.

    Corporate Foundation (also called a company-sponsored foundation): A foundation that receives its income from a profit-making company but is an independent legal entity. Usually this type of foundation carries the name of the parent company. Corporations may fund these foundations with a donation of permanent assets or with periodic contributions.

    Corporate Giving Program (also called a corporate contributions program): Funding that is distributed directly by a corporation, rather than through a foundation. Often such a program is handled by the Public Affairs or Public Relations office.

    Source: Fidelity Charitable Gift Fund :: Glossary

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