In the Season of Giving, Corporations Aren’t Particularly Charitable

📉 Profits up, generosity down.

Despite U.S. corporate profits soaring nearly 400% over the past four decades, their charitable giving tells a different story. In 2023, corporate donations amounted to just 1.03% of pre-tax profits, hovering just above the standard 1% benchmark for philanthropy. 

Historically, companies donated between 1% and 2% consistently, but that trend has nosedived since the early 2000s. As December—a peak season for donations—closes, the data underscores a growing gap between profits and public giving.