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Charitable giving by companies and corporate foundations grew at a relatively modest rate in FY 2006 and kept pace with corporate profits. Despite what appears to be steady growth, the reported sums of total U.S. contributions as measured in dollars and goods among matched case companies actually fell from $7.18 billion in 2005 to $6.73 billion in 2006—a 6.29 percent decrease. Although health and human services continued to be the top ranking recipient of corporate support in 2006, the share of U.S. contributions directed to this area fell 7.61 percentage points from 2005, its first decline in five years.
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