WA Corporate Giving Index 2013
WA corporations committed to community
WA businesses are demonstrating their growing commitment to supporting community, and encouraging other businesses to embrace philanthropy.
The WA Corporate Giving Index, developed by Giving West in collaboration with LBG Australia & New Zealand (LBG), and supported by the West Australian, is helping WA corporates to capture and report their cash, time and in-kind donations to community organisations.
16 companies are involved in the Index, now in its second year. Not all organisations provided WA-specific data for a variety of reasons, but all supplied case studies of great programs supporting the Community in WA.
Of the companies that supplied data in 2013, they reported on average 54.3% Cash, 15.3% Time and 30.4% In-Kind contributions, as a percentage of the total contribution the company has invested in community.
Some WA businesses leading the way with pre-tax profit contributions of 1% and over: Atlas reported 1.00%; Azure Capital reported 4.39%; and Squire Sanders reported 2.74%.
Nationally, corporate giving has risen by 16% with over $237 million contributed to the community this year, according to LBG’s Annual Review released last month. The report also demonstrates a growing trend towards investment in long-term community initiatives rather than one-off donations. 56% of all contributions were towards long-term projects, up from 53% in 2012 and 47% in 2011.
Kevin MacDonald, CEO Giving West said “WA corporates are taking up the challenge to make a lasting impact on WA, with more structured programs supporting the growth and sustainability of community organisations.”
“Businesses are creating Foundations and Grants programs to better manage their project support. They are creating more structured long term partnerships with community organisations that align with their company mission.”
The index is a starting point for growing community investment measurement and reporting, providing WA businesses an opportunity to showcase good giving, highlighting giving statistics and programs to encourage others to participate.
“Through the showcasing of good giving stories and statistics we hope to inform and inspire businesses that are looking to grow or set up giving programs.” – Kevin MacDonald, CEO Giving West
Full details of the WA corporate giving index report can be found at:
The WA Corporate Giving Index is produced annually. For more information on how to sign up to the WA Corporate Giving Index please Contact us
For more information on LBG annual review report, methodology or membership please contact LBG Australia & New Zealand: www.2013review.lbg-australia.com
Photo credit: Ben Crabtree - The West Australian