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Article edited - study of charitable giving by banks


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Article edited - study of charitable giving by banks

  1. 1. News Home Managing NewsAugust 9, 2007A Study of Charitable Giving by BanksBy Anne W. HowardNEW BOOKSBanking on Philanthropy: The Impact of Bank Mergers onCharitable Giving, by Becky Sherblom, reports on studies ofseven national banks and their corporate philanthropy. The report,from the National Committee for Responsive Philanthropy, findsthat despite predictions to the contrary, the significant growth ofbanks since the 1980s has been accompanied by significantlymore — and in some cases "exponentially" more — charitable giving.As bank companies have merged and grown to a national scale, theirgiving has changed in several ways: They are donating more money,looking at philanthropy as a central business strategy, increasinggrant making in the South, and sometimes shifting the focus tonational organizations instead of local groups.Publisher: National Committee for Responsive Philanthropy, 2001S Street, N.W., Suite 620, Washington, D.C. 20009; (202) 387-9177;fax (202) 332-5084;; 56 pages; available free fordownload on the organizations Web site. Copyright 2010. All rights reserved. The Chronicle of Philanthropy 1255 Twenty-Third St, N.W. Washington, D.C. 20037