Monday, April 03, 2006

FORTUNE: The FORTUNE 500: A banner year - Apr. 3, 2006

FORTUNE: The FORTUNE 500: A banner year - Apr. 3, 2006:
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"However bountiful for business, 2005 was a terrible year for many people. That did not go unnoticed by companies in the FORTUNE 500, many of which seemed eager to display their good citizenship. Corporate giving typically accounts for 5 percent of U.S. philanthropy, says Patrick Rooney, the director of research for the Center on Philanthropy at Indiana University. But large U.S. corporations, he figured, 'gave 17 percent of total hurricane-related giving in 2005, 29 percent of the tsunami relief, and 58 percent of the relief for the Pakistan earthquake.'"

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