As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies. Learn more about membership...
Corporations Decrease Charitable Giving; Community Foundations Step Up
As the TBED community seeks to diversify its funding partners, corporations would seem to be logical prospects. Pickings are getting slimmer, however. Despite tallying record profits and stock market values over the past few years, corporations are getting stingier with their giving programs, according to a new report from the Foundation Center.
The center estimates in its annual survey that giving from corporate foundations, totaling an estimated $5.1 billion in 2012, is 1 percent less than the 2011 total. Total giving from the nation's 81,777 foundations in 2012 is expected to top $50.9 billion, up $1.9 billion from the previous year. At $4.7 billion and a 9 percent growth, community foundations increased giving the most of the four foundation types covered in the report. More information...