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WA’s Corporate Giving strong despite economic downturn

WA’s Corporate Giving strong despite economic downturn

Media Release
WA’s Corporate Giving strong despite economic downturn

For Immediate Release - December 2, 2015

Corporate Giving Programs remained strong in Western Australia in 2015 despite the downturn in the economy this year, according to the latest data from this year’s WA Corporate Giving Index released today by Giving West, in collaboration with the London Benchmarking Group Australia & New Zealand (LBG).

The report shows companies continue to support community. As a percentage of the total contribution made to community, on average 54.2 per cent of support is in cash donations, 33.4 per cent in volunteer and pro-bono support while 12.4 per cent of support was through in-kind contributions,

2015 has been a challenging year for many corporations, and the Index shows the key to building strong giving programs despite economic challenges is to develop structured giving programs that align with company objectives and values, provide a combination of cash, time and in-kind contributions and to leverage staff and clients’ contributions.

The WA Corporate Giving Index, which is based on a simplified version of the LBG methodology, captures cash, time and in-kind support as a percentage of the total community contribution of the companies as well as pre-tax profit contribution percentage.

Giving West Executive Officer Renae Veedikint said it was encouraging to see that Western Australia companies continued to support community despite the economic challenges faced by many in the past 12 months.

“We’ve asked a selection of Western Australian owned or based companies to demonstrate, how despite a downturn in the economy, they continue to support community.

“The report goes to show that corporate giving is not something Western Australian companies are doing only when times are good or for extra publicity. For many companies giving is aligned with their values, their strategy and very much a part of their corporate culture.“ Mrs Veedikint said.

“In the last five years we’ve seen many Western Australian companies build volunteer programs, grant programs and sector collaborations on social issues and regional programs. The WA Corporate Index provides just a few examples of these amazing corporate community investment programs.

“The Index is not just a report to showcase corporate giving statistics and programs; it is a way to encouraging greater discussion and growth in corporate community investment and its measurement.

“We hope to encourage more WA companies to share their giving story, to provide new, innovative and leveraged solutions to create and maintain a better WA for all West Australians.” Mrs Veedikint said

 

For more information on the WA Corporate Giving Index please contact Giving West. For more information on LBG methodology please contact LBG Australia & New Zealand


Photographer: Matt Jelonek

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