Tuesday, June 06, 2006

BBC NEWS | Business | US firms raise charity donations

BBC NEWS | Business | US firms raise charity donations: "US firms raise charity donations
Bill Gates in Mozambique
Bill Gates is one of the world's richest men and top philanthropists
US companies increased charitable donations by 14% in 2005, though giving as a proportion of profits and revenues fell slightly, according to a survey.

The Committee to Encourage Corporate Philanthropy said that the 91 companies it surveyed gave $10bn last year.

This was thought to be about half of all US corporate giving, with Wal-Mart and Citigroup among the largest donors.

But while giving climbed 14%, average income among 62 of the donors studied was up 17%, while profits rose 15%."

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