Mixed picture for US corporate giving in 2009

Spending by some of the US’s largest corporate foundations is likely to be flat next year as foundations’ parent companies retrench in the face of a global financial crisis, according to news from Reuters in early November. The Bank of America, General Electric and Wells Fargo Foundations, among the largest corporate foundations in the country, have indicated that their 2009 giving will not go up, even though requests for support have.

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