Corporate Volunteering Platforms Statistics


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Corporate Volunteering Platforms Statistics 2023: Facts about Corporate Volunteering Platforms outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Corporate Volunteering Platforms, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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Top Corporate Volunteering Platforms Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 90 Corporate Volunteering Platforms Statistics on this page 🙂

Corporate Volunteering Platforms “Latest” Statistics

  • When a match is offered, 84% of survey respondents say they are more likely to donate.[1]
  • Matching gift programs account for 11% of all corporate cash donations to nonprofits.[1]
  • Each year, corporations give nonprofit organizations $26.0 billion in total.[1]
  • If matching funds were available, one in three donors said they would give a larger donation.[1]
  • The typical nonprofit organization only matches 1.31 percent of individual contributions.[1]
  • 97% of donors want to be able to give to causes they care about in a variety of ways and places.[1]
  • 86% of donors would like to be able to make their initial donation directly to a nonprofit organization via the organization’s website.[1]
  • Six percent of donors wish to transfer their initial donation to the nonprofit through a workplace giving platform.[1]
  • 8 percent of donors did not specify a preferred method of donation.[1]
  • 78% of donors don’t know if their company has a matching gift program or what it is all about.[1]
  • 16 percent of donors are aware that their organization has a program, but they are unsure if they are eligible or how to submit a matching gift request.[1]
  • 8 percent of donors are aware that their company has a program, that they are eligible, and that they know how to submit a request for a matching gift.[1]
  • Between $500 and $10,000 per employee annually, the matching gift maximums of 80 percent of businesses are found.[1]
  • A minimum match requirement of $50 or less is required by 93% of businesses.[1]
  • According to America’s Charities (2018), nearly 60% of businesses offer paid time off (PTO) for employees to volunteer.[2]
  • According to America’s Charities (2018), workplace giving was identified by more than 49% of nonprofits as a crucial component of their growth strategy.[2]
  • Corporate giving increased by 8.0% from 2019 to 2021, reaching $20.77 billion.[3]
  • In the next two years, 39% of the companies surveyed plan to expand workplace giving programs.[3]
  • Workplace giving was identified as a growth strategy by more than 49% of nonprofit respondents.[3]
  • The number of Russell 1000 companies that provide corporate matching gifts has increased by 11.8% over the past three years.[3]
  • Through corporate giving programs, 97% of donors want flexibility in where and how they give to causes they care about.[3]
  • 93% of nonprofits believe they can increase their corporate giving revenue.[3]
  • Double the Donation’s new auto-submission functionality is expected to boost matching gift revenue by 80% for organizations that use its tools.[3]
  • Despite the fact that over 10% of individual donations are eligible for corporate matching, the average nonprofit matches only 1.31 percent of individual donations.[3]
  • 78% of donors don’t know if their company has a program for matching gifts.[3]
  • 16 percent of donors are aware that their organization has a program, but they are unsure if they are eligible or how to submit a matching gift request.[3]
  • 8 percent of donors are aware that their company has a program, that they are eligible, and that they know how to submit a request for a matching gift.[3]
  • In employee handbooks, training materials, and on their websites, only 19% of businesses include more than one paragraph on their matching gift programs.[3]
  • With limited staff and resources, 80% of nonprofits reported having trouble developing robust corporate partnerships and workplace giving strategies.[3]
  • Matching gift programs are offered by 67% of Fortune 500 companies, and this percentage has increased over the past three years.[3]
  • Nearly 27 million people are employed by businesses that provide matching gift programs.[3]
  • Every year, workplace giving raises approximately $5 billion, with employee matching gift programs accounting for more than half of that total.[3]
  • Corporate matches of employee donations made up 12% of total corporate cash contributions, with an estimated $2-3 billion donated annually through matching gift programs and $4-7 billion not claimed.[3]
  • Effective employee engagement programs, according to 88% of HR executives surveyed, help recruit and retain employees.[4]
  • When they have opportunities to make a difference in society, 88% of Millennials consider their jobs to be more fulfilling.[4]
  • Employees who participate in corporate giving programs typically stay with the company for 75% longer.[4]
  • 71% of those surveyed agree that working for a company that encourages charitable giving and volunteerism is crucial.[4]
  • Even if it meant earning less money, 55% of employees would prefer to work for a socially responsible company.[4]
  • A sense of purpose is one of the reasons 77% of Millennials chose their current employer.[4]
  • In employee handbooks, training materials, and their websites, only 19% of businesses include more than one paragraph about their matching gift programs.[4]
  • The middle representative investment rate for matching gift programs is 9%.[4]
  • Matching gift programs are used to raise between $2 and $3 billion each year.[4]
  • Every year, between $4 billion and $7 billion in matching gift funding goes unclaimed.[4]
  • Matching gift programs account for 11% of all corporate cash donations to nonprofits.[4]
  • 65 percent of Fortune 500 companies will match employee donations by 2021.[4]
  • Through their employers, more than 26 million people are eligible for matching gifts.[4]
  • If a match is available, 84% of donors say they are more likely to donate.[4]
  • If a match was applied to their donation, one in three donors says they would make a larger donation.[4]
  • At the typical nonprofit, individual contributions are only matched by 1.31 percent.[4]
  • 78% of donors are unaware of their company’s matching gift program and its specifics without automation.[4]
  • 16 percent of donors are aware that their organization has a program, but they are unsure if they are eligible or how to submit a matching gift request.[4]
  • Only 8% of donors are aware that their company offers a matching gift program, that they are eligible for it, and that they know how to make a request for it.[4]
  • The open rate of matching gift reminder emails is 53%, which is 2-3 times higher than the average nonprofit email open rate.[4]
  • The response rate to fundraising appeals increases by 71% and the average donation amount by 51% when matching gifts are mentioned.[4]
  • Donations are matched by 91% of participating businesses in a 1:1 ratio.[4]
  • Rather than only matching donations through a CSR platform, more than 96% of employees strongly prefer that their employer match donations made directly to a nonprofit.[4]
  • About 30% of employees give their time to charity.[4]
  • In 2021, volunteer grant programs will be offered by 40% of Fortune 500 companies.[4]
  • Nearly 60% of businesses provide paid time off for employees to volunteer.[4]
  • 82% of businesses say that their employees want to volunteer with their coworkers at an event supported by the company.[4]
  • Volunteer workers make up 93% of all employees who are either somewhat or very satisfied with their employers.[4]
  • Volunteer employees account for 96% of the company’s positive or very positive culture.[4]
  • Each year, volunteers contribute 50 hours, on average, to the greater good.[4]
  • Even though they rarely or never volunteer, 61% of Millennials still consider a company’s commitment to the greater good when choosing a job.[4]
  • 71% of employees polled say that working in a culture that encourages giving and volunteering is essential or very important.[5]
  • Workplace giving was identified as a growth strategy by more than 49% of nonprofit respondents.[5]
  • 69% of respondents report that their organizations have increased sales as a result of CSR initiatives as consumers increasingly choose brands based on CSR values.[5]
  • Employees, according to 86% of business leaders, expect them to provide community involvement opportunities.[5]
  • According to 87% of business leaders, their employees expect them to support causes and issues that are important to them.[5]
  • According to 30% of employee donors, the reason they don’t give in the workplace is that their employer’s giving program doesn’t let them choose the causes they care about.[5]
  • Offering opportunities for employee engagement, according to 77% of employers, is an important recruitment strategy for millennial workers.[5]
  • Effective employee engagement programs, according to 88% of business leaders, help recruit and retain employees.[5]
  • In the 2014 Millennial Impact Study, 53% of respondents stated that their primary motivation for remaining with their current employer is the opportunity to have their interests and skills recognized and developed.[5]
  • Even at a lower salary, 55% of employees would prefer to work for a socially responsible company.[5]
  • 39% of Americans would need to borrow money or sell something to cover a $400 unexpected emergency expense.[5]
  • Volunteering makes 75% of adult Americans feel physically healthier.[5]
  • According to the findings of the survey, 92% of executives in charge of corporate human resources are of the opinion that donating one’s business knowledge and experience to a nonprofit organization can be an efficient strategy for enhancing employees’ leadership abilities as well as their overall professional skill sets.[5]
  • Socially conscious businesses are desired by 71% of American consumers.[6]
  • 81% of Millennials anticipate that businesses will pledge to uphold good citizenship.[6]
  • Only a third of consumers polled believe that businesses are doing enough to address social and environmental issues, despite the fact that 88% of respondents want brands to assist them.[6]
  • A further 21% of businesses intend to offer release time in the next two years, and nearly 60% of businesses provide paid time off for employees to volunteer.[6]
  • According to Independent Sector, the estimated value of each volunteer hour in the United States is $28.54.[7]
  • According to the National Center for Charitable Statistics, approximately 8.8 billion hours were contributed by 25.1 percent of adults in the United States in 2017.[7]
  • According to Statista, the average number of hours contributed by each volunteer was 137 in 2017.[7]
  • According to Salesforce.org, 74% of nonprofits report that constituents’ desire to participate in their organization’s work has increased over the past five years.[7]
  • According to the Bureau of Labor Statistics, 72% of volunteers serve only one or two organizations or causes.[7]
  • According to the Bureau of Labor Statistics, women volunteer 6 percent more than men.[7]
  • Software Advice Volunteer Impact Report found that 34% of nonprofits blamed a lack of resources and tools for their failure to measure volunteer impact.[7]
  • According to Stanford Volunteers, 35% of volunteers stated that one of the reasons they volunteer is to socialize.[7]
  • According to the Corporation for National and Community Service, the state of Utah has the highest number of volunteers (51%) in the United States.[7]

Also Read

How Useful is Corporate Volunteering Platforms

On the surface, corporate volunteering platforms seem like a win-win for all parties involved. Employees have the opportunity to give back to the community, companies can enhance their corporate social responsibility efforts, and nonprofit organizations receive much-needed support. However, the effectiveness of these platforms ultimately depends on several key factors.

One of the primary benefits of corporate volunteering platforms is the ease of access to a wide range of volunteering opportunities. Instead of employees needing to individually research and contact nonprofits, they can simply log into the platform and sign up for opportunities that align with their interests and skills. This streamlined process can significantly increase employee engagement and participation in volunteer activities.

Additionally, corporate volunteering platforms can help companies foster a culture of giving and promote teamwork among employees. By participating in group volunteer activities, team members can bond outside of the office and develop a shared sense of purpose. This can not only improve employee morale and job satisfaction but also boost productivity and retention rates within the company.

Furthermore, corporate volunteering platforms allow companies to track and showcase the impact of their volunteer efforts. By quantifying the hours volunteered, money raised, or projects completed, companies can demonstrate their commitment to corporate social responsibility and build a positive brand reputation in the eyes of consumers, investors, and employees.

However, the usefulness of corporate volunteering platforms can be called into question when considering the depth and sustainability of the impact created by volunteer activities. While employees may feel good about donating their time and effort to a cause, it is essential to assess whether these activities are addressing the root causes of social issues or simply providing temporary Band-Aid solutions.

Moreover, corporate volunteering platforms may inadvertently create a sense of competition or obligation among employees to participate in volunteer activities. This can lead to employees feeling pressured to volunteer solely for the sake of appearances rather than out of genuine altruism. Companies must be mindful of this dynamic and ensure that their volunteering programs are voluntary, inclusive, and genuinely meaningful to employees.

In conclusion, while corporate volunteering platforms have the potential to be valuable tools for engaging employees in philanthropic activities and promoting corporate social responsibility, their true usefulness ultimately depends on the depth, sustainability, and authenticity of the impact created. Companies must prioritize quality over quantity when it comes to volunteer activities and ensure that their efforts are aligned with the long-term goals of the community and the company itself. Only then can corporate volunteering platforms truly make a meaningful difference in the world.

Reference

  1. doublethedonation – https://doublethedonation.com/matching-gift-statistics/
  2. johnsoncenter – https://johnsoncenter.org/blog/best-practices-for-recruiting-corporate-volunteer-groups/
  3. nonprofitssource – https://nonprofitssource.com/online-giving-statistics/
  4. recharity – https://recharity.ca/corporate-giving-statistics/
  5. charities – https://www.charities.org/facts-statistics-workplace-giving-matching-gifts-and-volunteer-programs
  6. galaxydigital – https://www.galaxydigital.com/blog/corporate-volunteerism
  7. initlive – https://www.initlive.com/blog/20-volunteer-statistics-every-nonprofit-should-know

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