Corporate giving continued post‐pandemic drop in 2022, study shows

Abstract

During the COVID‐19 pandemic, the nonprofit sector saw dramatic changes in the types and levels of support from all quarters, especially the corporate sector, which responded to the pandemic with a surge in cash and product donations. But in 2021 and 2022, new research shows, corporate philanthropic giving has dropped off considerably, with 2022 total community investment—which includes cash, product and pro bono giving—down 14% from 2020. That's according to the latest Giving in Numbers report from Chief Executives for Corporate Purpose, formerly the Committee Encouraging Corporate Philanthropy. The report looks at the full spectrum of corporate community investments, including cash, in‐kind and employee volunteerism for 2022.