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Annual LBG corporate giving report
Annual LBG corporate giving report
The London Benchmarking Group has
released the findings of its annual report on
corporate community investment. 2014 has shown an
interesting swing in the popularity of social welfare
programs as the recipient of the largest proportion (25%, or
$47 million) of donations and an increase in strategic
contributions.
With over $188 million in contributions from 46 of Australia and New Zealand’s largest and most iconic companies, the report stands as an excellent snapshot of the state of corporate giving in 2014.
Some of the key findings include:
• Nearly 500,000 hours were volunteered by employees of reporting companies, or 12 hours per employee
• An average of $1.9 million was leveraged by each company in donations from third parties such as customers and employees
• An average of $573 was contributed per employee by reporting companies, up more than $150 from 2013
• An estimated $77.7 million in revenue was forgone by LBG members for the community’s benefit
ends
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