Chronicle Features 11 Ohio Businesses in Giving Survey
The country’s biggest corporations increased their charitable donations by 4 percent in 2011, according to the Chronicle of Philanthropy’s annual corporate giving survey. When adding products to the gifts of cash they donated, the increase in giving totaled nearly 15 percent.
Among the 112 companies that provided data to the Chronicle’s survey are 11 businesses headquartered in Ohio (those in bold are OGF members): American Electric Power, Cardinal Health, Eaton Corporation, Kroger Company, Macy’s, Marathon Petroleum, Nationwide, Parker Hannifin Corporation, Procter & Gamble, Progressive Insurance and Sherwin-Williams. Nine of the 11 provided their giving data for 2011, which totaled $375.9 million in cash and products. The majority of the Ohio business respondents expect their 2012 donations to remain steady.
The Chronicle data include cash gifts plus the fair market value of any products the companies donated both here and abroad. The numbers do not include donations corporations made to their foundations; nor do they include any valuation for the paid time off for employees who volunteer at charities during work time.
We’ll have more information on the charitable giving by Ohio’s corporate foundations in our annual Ohio Gives report, which we’ll be releasing at the annual conference in November.