Corporate giving is up, according to the 2012 Giving in Numbers report from the Committee Encouraging Corporate Philanthropy.
It’s up across the board, to the tune of 42% or $4.48 billion between 2007 and 2012. That’s good when you want straight cash. But it’s even better when you want a non-cash contribution from a business, such as a gift basket, hotel stay, case of wine, or other tempting item for your next charity auction.
Non-cash corporate contributions accounted for 69% of the 2012 corporate giving totals, up from 57% in 2007. We seem to be at a curious point in the U.S.’s economic recovery: Business profits are up just enough that owners feel comfortable increasing their donations to charity — but with sales on the sluggish side, they’re still ending up with excess inventory, which can go toward a nonprofit in need.
Of course, need alone isn’t enough to convince a business to hand over its goods. The savvy nonprofit will make professional requests that stress the attractive manner in which potential auction items will be displayed as well as how the corporate donor will be recognized.
For more on how to hold a great auction, see the article, “Twelve Steps to Preparing a Successful Fundraising Auction.” And while we’re talking about auctions, make sure your nonprofit isn’t making the common mistake of giving bidders an exaggerated idea of how high a tax deduction they’ll receive, as discussed in, “Is Your Nonprofit Overpromising Tax Deductions?“