The firm donates 3 percent of its pre-tax profit, which is three times the rate of most companies.
By Joseph N. DiStefano
Inquirer Staff Writer
The typical U.S. corporation gives a little more than 1 percent of its pre-tax profits to charity, says the corporate-funded Giving USA Foundation.
Univest Corp., known for most of the last 130 years as Union National Bank & Trust Co. of Souderton, says the million dollars it expects to give away this year equals 3 percent of its pre-tax profits - triple the national rate."