Matching-Gift and Employee-Volunteer Programs Cut
January 14, 2009
In an effort to cut costs, many companies are doing away with their charitable matching-gift and volunteer programs, reports The Wall Street Journal.
Over the past year, more than a dozen large companies have closed these types of programs, or significantly reduced the ratio of dollars donated to match employee contributions. Companies that have suspended or reduced their corporate matching-gift programs include Northrop Grumman, General Motors, Embarq, CSX, Procter & Gamble, Weyerhaeuser, IndyMac Bank, Pfizer, and R.H. Donnelley.
