Annie Kelly
Wednesday November 1, 2006
The Guardian
It is an oft-quoted belief in philanthropic circles that the US is years ahead of Europe when it comes to charitable giving. But new research is now calling for a rethink, revealing that Europe's corporate foundations give more than their American counterparts.
Research by the magazine Philanthropy in Europe (PiE) shows that annual spending by Europe's top 25 corporate foundations last year outstripped the US by over €500m (£335m), distributing €1.7bn (£1.14 bn) compared to €1.1bn (£738m) in the US."
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