Reynolds American Inc. and Noble Energy Inc. have joined a growing number of companies disclosing their contributions to trade associations and other nonprofit groups that legally can keep their donors from public view.
A study to be released today reports that 84 of the 195 largest corporations in the Standard & Poor’s 500 Index have agreed to reveal their contributions to trade associations, an increase from 70 companies a year earlier. In addition, 51 companies, up from 31, have said they would disclose donations to other nonprofits.
The U.S. Chamber of Commerce, the largest U.S. business lobby, also opposes rules that would force it to disclose contributors.
“If there is outside support that is aligned with the positions that we already have, those positions that our members have approved, then we will take advantage of that,” said Jean Card, NFIB’s vice president of media and communications.