Europe's largest corporate foundations give more than their counterparts in the U.S. and have a more focused approach to international charity, a new study says.
Philanthropy in Europe magazine ranked the 25 largest corporate funders in Europe and compared them to the top 25 in the U.S. and found the European firms outgave the American group by $680 million.
Europe's largest funders are also more willing to fund beyond their borders, the study says, with six in 10 of the top 25 making international grants, compared to fewer than half of U.S. corporate foundations.
Corporate foundations in Europe also tend to have more structured international grants programs, the study says, while American funders tend to give in response to disasters in the foreign communities in which they operate.
[Philanthropy Journal]
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