Christoph
23-09-07, 22:48
[QUOTE] economic stress is bad for business, it's really bad for charities that depend on business.
Nationwide last year, corporate philanthropy of all types stood at 0.7% of pretax profits, the lowest level in 30 years, according to Giving USA 2007, a report by Indiana University's Center on Philanthropy.
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Michigan companies struggled to maintain giving as automakers and suppliers dealt with a triple whammy of lost market share, supplier bankruptcies and corporate restructurings....[/QUOTE
http://www.freep.com/apps/pbcs.dll/article?AID=/20070923/BUSINESS06/709230687/0/SPORTS02
Nationwide last year, corporate philanthropy of all types stood at 0.7% of pretax profits, the lowest level in 30 years, according to Giving USA 2007, a report by Indiana University's Center on Philanthropy.
Advertisement
Michigan companies struggled to maintain giving as automakers and suppliers dealt with a triple whammy of lost market share, supplier bankruptcies and corporate restructurings....[/QUOTE
http://www.freep.com/apps/pbcs.dll/article?AID=/20070923/BUSINESS06/709230687/0/SPORTS02