AUSTRALIA’S major companies continue to support and invest in our communities despite the tough economic conditions faced in 2009, according to a Federal Government
The report, Impact of the Economic Downturn on Corporate Community Investment, found that despite the economic downturn, large companies are still digging deep.
Sixty-eight per cent of respondents expected an increase in corporate volunteer support in 2009-10, while 52 per cent expected an increase in workplace giving and payroll deductions.
Minister for Community Services Jenny Macklin, says corporate community philanthropy is essential, as more individuals and families are now seeking help from charities in times of need.
“This report is heartening, highlighting the generosity of the Australian corporate community, even in tough times,” she says.
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