Corporate donations are down
Howard Lake | 7 October 2002 | News
The Daily Telegraph paints a bleak picture of charities facing a drop in donations through poorly performing stock markets, reduced corporate giving, and a need to protect themselves from a growing “compensation culture” of litigation.
The Telegraph’s report highlight’s the reduction in British Airways’ budget for charitable support, down from
£515,800 last year to £330,000 this financial year. As recently as 2000-2001 it was giving £782,000. Other major corporate givers are cutting back too, according to Corporate Citizen magazine. Its Autumn issue reports that 21 of the top 50 UK corporate donors gave less in 2001-2002 than in 2000-2001.
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Read “Charities in crisis as leading companies cut back donations” by Adam Lusher and Thair Shaikh at The Daily Telegraph.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.