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Dec232009

Microsoft employees give over $70 Million to charity despite sagging economy

A survey commissioned by World Vision shows that American charities have seen a significant drop in giving this year because of economic downturn, and year-end generosity’s likely to be low as well. And it’s not just charities in U.S. that’re feeling the pinch: Around the world, nonprofit organizations and communities they serve’re seeing reduced donations. Microsoft’s employee Giving Campaign runs every Oct and has been a tradition at Microsoft for more than 25 years, and is designed to encourage both: The company matches all donations dollar for dollar, and contributes $17 per hour for volunteer time, up to a total of $12,000 per U.S.-based employee per year. “This year, despite one of the worst economic environments in decades, Microsoft employees exceeded the company’s $70 million goal for annual giving. Matched volunteer hours’re already up more than 8% from the previous year,” Akhtar Badshah writes.

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