Over the past few years, a trend in charitable giving has emerged across the nation. While individual charitable giving has decreased, corporate giving—both employee volunteerism and more traditional grants and monetary donations—has grown, with smart companies leveraging purpose-driven corporate social responsibility programs as a way to empower individuals and build stronger corporate cultures.
A recent Fast Company article reported that volunteering and charitable giving overall have dropped around 11% since the early 2000s, and not surprisingly, economic recession and demographic shifts may account for the decline. In 2005, individuals gave an average of $1,024 to charities annually. Following the Great Recession in 2008, that number dropped to $872 in 2015, as many Americans took a more cautious financial approach.