Local Businesses That Donate To Charity

Local Businesses That Donate To Charity – By examining the top 150 companies in the top 500 and gathering data from public documents filed with the IRS and SEC,

He has published a list of the most charitable public companies, which can be viewed here. With the help of

Local Businesses That Donate To Charity

Identified the 20 most generous companies, measured by cash contributions. The dollar amounts below were independently verified by . In total, the 20 most generous companies donated $3.5 billion in cash in 2015.

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Gilead’s ( GILD ) jumped nearly two-thirds in 2015 on growing revenue as the biotech expanded into the Hepatitis C market. Most of the company’s grants are reactive, based on specific requests for funding from nonprofit groups. The company declined to provide an account of its largest cash donation in 2015, but said the majority of donations come from its work on HIV/AIDS and liver disease. Last year, for example, Gilead donated $2 million to help the non-profit liver foundation build a healthcare facility in Kolkata, India.

Kathleen McLaughlin serves as president of the Walmart Foundation and the company’s chief sustainability officer, a reflection of the retail giant’s desire to align its philanthropic work with its efforts to green and improve its business operations and supply chain. Last year, he pledged $100 million to promote economic mobility for retail workers. This commitment includes a $10.9 million grant to nonprofit workforce organizations to implement retail-specific career services. The company also raised starting wages for employees from $9 to $10 an hour. (Labor activists, as well as a coalition of workers called OUR Walmart, have called for an increase to $15 an hour). In addition, Walmart ( WMT ) is helping the anti-hunger charity Feeding America distribute fresh produce to people in need by donating food, providing refrigerated trucks and pairing its logistics experts with the organization.

The bank aims to donate between 1.2% and 1.5% of its earnings each year. It does this through two main philanthropy portfolios: one that is distributed at a local level, by senior executives in markets where the bank operates, and another that is national and more closely linked to the firm’s business expertise. For example, in 2015 Wells Fargo ( WFC ) gave a total of $25 million to nonprofit NeighborWorks to support financial education and housing down payments. Employees receive two days of paid leave per year for volunteer work; they can also apply to spend six weeks working with a non-profit organization of their choice.

In 2007, the financial services firm hired Dina Powell, an alumna of the George W. Bush administration, to lead its philanthropic and social investments. Since then (and after the financial crisis), Goldman’s ( GS ) endowment has grown. It gave away 3% of its pre-tax profits last year, compared to an average of 1% for

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Details. The firm’s signature initiatives, 10,000 Women and 10,000 Small Businesses, have inspired a loan facility with the International Finance Corporation for women entrepreneurs and connected 6,300 small business owners with training and capital, respectively. Goldman also makes grants through a donor-advised fund based on referrals from its employees.

The oil and gas company (XOM) increased its contribution by 13.2% last year. Grants focus on three areas: education, malaria prevention and economic opportunities for women. The company declined to disclose details of its takeover last year. But in 2014, the most recent year for which data was available, grants from the ExxonMobil Foundation included $80,000 in contributions to dozens of science camps at colleges and universities across the country; $1.9 million to Vital Voices, the international women’s group founded by Hillary Clinton; and $500,000 for the Malaria Medicines Enterprise. (Companies are required to disclose grants they give through philanthropic foundations, but not what they give directly through their business).

As oil prices fell last year, so did Chevrons (CVX). The energy giant gave 7.2% less than in 2014, according to

Interview request, supports economic development for women in Latin America and HIV/AIDS treatment in oil-rich African countries where it operates, according to its website. The company has also made gifts to the Clinton Foundation and to support science and technology education.

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JPMorgan Chase (JPM) focuses its social investments on economic opportunities. In 2014, the financial services firm committed $100 million in loans and grants to aid economic recovery in Detroit. One grant, for example, supported the development of a tool to map rundown properties with the goal of helping community groups and municipal officials return them to productive use. The firm’s “service corps” of employees helps Detroit nonprofits develop strategic plans, financial models for earned income and improved human resource systems.

Like many financial companies, Bank of America (BAC) sharpened its focus on basic needs and financial mobility after the recession in 2008. Last year, it spent just $50 million on workforce education, $33 million on development communities, and $33 million for hunger and other. urgent needs. During the winter holidays, Bank of America is running a marketing campaign to raise money and awareness for the anti-hunger group Feeding America. For every dollar that online customers donate to the group through Bank of America portals, the company contributes $2. Employees get two hours off per week to do volunteer work.

Google.org, the philanthropic arm of the search engine (GOOG), supports organizations that develop bold, sometimes dangerous approaches to solving social problems. Dot.org was founded with great fanfare after the company went public in 2004, but it had a rocky start but its work has been streamlined under Bill & Melinda Gates Foundation alumna Jacquelline Fuller. Recent grants include $2.4 million to GiveDirectly, a nonprofit company that provides direct cash assistance to the poor; $750,000 (plus technical assistance) to help Perkins School for the Blind develop a “micro-navigation app” based on crowdsourced data; and $1 million to the Equal Justice Initiative, a group led by attorney Bryan Stevenson that advocates for criminal justice reform. Google.org also deployed staff last fall to help install Wi-Fi along refugee routes in Europe.

Citigroup’s (C) philanthropy is integrated into its broader corporate citizenship strategy. It recently unveiled a $50 million investment over three years in cash and other support to connect young people with career opportunities. As part of this program, the firm will fund AmeriCorps members in 10 cities to engage young people in service. Its bankers and money managers will participate in mentoring programs through non-profit organizations such as Management Leadership for Tomorrow. Citi holds an annual global day of service designed in part to boost employee morale and improve teamwork.

Companies That Donate To Nonprofits

Microsoft ( MSFT ) is aligning its endowment around its business assets. Last year, the Redmond, Washington-based company hired Mary Snapp, formerly Microsoft’s deputy general counsel, to help strengthen its relationships with nonprofits and find new ways to use employees’ technical skills on for social welfare. For example, the company invited charity leaders to pitch ideas for a hackathon where Microsoft engineers can solve data and technology problems for the public good. Microsoft’s long-running programs match volunteers’ time with $25 in cash per hour and allow engineers to teach computer science in high schools.

Directed by Julie Gerberding, former director of the U.S. A Centers for Disease Control and Prevention, Merck (MRK) corporate giving initiative focuses on reducing maternal mortality. In Senegal, for example, Merck partnered with the Bill & Melinda Gates Foundation and the national government to develop a network of entrepreneurs to supply contraceptives to rural health clinics. This work also benefits Merck by strengthening healthcare systems. For employees, the company offers a one-year scholarship to volunteer with non-profit organizations; so far 70 people have participated.

Over the past decade, Coca-Cola ( KO ) has expanded its portfolio beyond educational purposes to include water and healthy lifestyles. For example, it supports the work of the World Environment and Technology Foundation in Africa to rebuild water sources, improve access to safe drinking water and provide hygiene education. (Coca-Cola, like other beverage companies, has addressed the environmental footprint of its bottled water products). That equates to up to $10,000 a year in employee donations to educational, arts or environmental groups, more than most companies.

The telecommunications company is working close to its business goals. Recognizing that an educated workforce is critical to its financial success, AT&T ( T ) has provided $350 million since 2008 to help reduce high dropout rates. The company is also partnering with Udacity, the online education provider, to subsidize nano-degrees – intensive certificate programs – in IT. Its total contribution increased by almost one-third last year due to the acquisition of satellite TV company DirecTV.

Why Your Business Should Give Back To Charity

Like its business operations, Target’s philanthropy is changing. As the retailer reduces the number of products it offers customers, it focuses its efforts on one area where business is also doubling: wellness. As one of its first projects, Target (TGT) partnered with the US. Results for UNICEF to develop an education-oriented activity bracelet that will raise money for the charity and be distributed free of charge to schools. The transformation comes after Target completed a five-year commitment in 2015 to provide $1 billion in cash and products to American education.

The Minneapolis-based

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