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Corporate heavyweights such as BHP and Coles still make the biggest charitable impact in terms of dollars, but young innovative companies are leading the way with a community-first mindset shows the latest GivingLarge report.

Corporate giving reached new heights in 2021 with $1.2 billion invested into philanthropic efforts by Australia’s top 50 corporate givers.

According to the latest GivingLarge report from Strive Philanthropy, that figure is a $42 million increase on the 2020 total, defying predictions that the pandemic would adversely affect corporate philanthropy.

Report author and Strive Philanthropy founder Jarrod Miles said, “Last year's figures were encouraging but did leave us concerned about a possible drop in community investment this year, worrying that companies would respond to lower profits and an ongoing pandemic by tightening their purse strings. Perhaps the most pleasing result of this year's research was to see that this prediction didn’t play out. We saw that companies held tight to their community budgets despite these challenges.”

The largest contributions came from BHP (who gave away $234 million), Coles, CSL, Rio Tinto and Commonwealth Bank.

The largest percentage contributions came from Coles, Star Entertainment, TAB Corp, South32 and Oil Search. Supermarket giant Coles contributed…
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