Corporations That Care About Social Issues

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Corporations That Care About Social Issues

For-profit businesses aren’t always known for their generosity. But dozens of U.S. companies buck that trend every year, reaching into their deep pockets and giving money to help make a difference for some of society’s most vulnerable populations, including underprivileged children, victims of domestic abuse and hungry people.

A corporation’s generosity can be measured by its cash donations in a year and how that relates to how much profit it makes. Which companies give the most and have the biggest impact on some of the most difficult social issues?

Here’s a look at which companies are the most generous, taking into account their profits and contributions, according to the Chronicle of Philanthropy’s annual corporate giving survey: (1)

Wells Fargo

Total cash donations: $315.8 million

Giving as percentage of pre-tax profit: 1.3%

Causes supported

• Community/economic development
• Education (K12)
• Housing
• Human services
• Local/regional causes

Wal-Mart

Total cash donations: $311.6 million

Giving as percentage of pre-tax profit: 1.3%

Causes supported

• Community/economic development
• Environment/conservation
• Hunger/food security
• Women’s issues

Chevron

Total cash donations: $262.4 million

Giving as percentage of pre-tax profit: 0.6%

Causes supported

• Economics
• Education (K12)
• Health

Goldman Sachs

Total cash donations: $241.3 million

Giving as percentage of pre-tax profit: 3.9%

Causes supported

• Community and economic development
• Education (higher education)
• Military veterans
• Women’s issues

Exxon Mobil

Total cash donations: $213.4 million

Giving as percentage of pre-tax profit: 0.3%

Causes supported

• Education (K12)
• Health (global)
• Science and technology
• Women’s issues

JPMorgan Chase

Total cash donations: $183.5 million

Giving as percentage of pre-tax profit: 0.7%

Causes supported

• Community/economic development
• Education (early childhood, K12, higher ed)
• Housing
• Military veterans
• Minority issues

GE

Total cash donations: $161.5 million

Giving as percentage of pre-tax profit: 0.8%

Causes supported

• Community/economic development
• Education (K12)
• Environment/conservation
• Health (global and U.S.)
• United Way

Target

Total cash donations: $147 million

Giving as percentage of pre-tax profit: 3.3%

Causes supported

• Arts and culture
• Education (K12)
• Human services
• Hunger/food security

Citigroup

Total cash donations: $137 million

Giving as percentage of pre-tax profit: 0.9%

Causes supported

• Community/economic development
• Education (higher education)
• International

Johnson & Johnson

Total cash donations: $131.3 million

Giving as percentage of pre-tax profit: 1.1%

Causes supported

• Health (global and U.S.)

Google

Total cash donations: $105 million

Giving as percentage of pre-tax profit: 0.9%

Causes supported

• Children/youths
• Education (K12)
• Environment/conservation
• International relief/development
• Science/technology

Intel

Total cash donations: $104.9 million

Giving as percentage of pre-tax profit: 0.6%

Causes supported

• Diversity
• Education (K12 and higher ed)
• Science/technology
• United Way

General Mills

Total cash donations: $102.7 million

Giving as percentage of pre-tax profit: 4.2%

Causes supported

• Education (early childhood and K12)
• Families
• Hunger/food security

Microsoft

Total cash donations: $99.7 million

Giving as percentage of pre-tax profit: 0.4%

Causes supported

• Arts/culture
• Children/youths
• Community/economic development
• Human services
• International
• Local/regional causes
• Nonprofit development
• Social entrepreneurs

Coca-Cola

Total cash donations: $96.6 million

Giving as percentage of pre-tax profit: 0.8%

Causes supported

• Diversity
• Education (K12 and higher ed)
• Environment/conservation
• Health
• HIV/AIDS
• Recreation
• Women’s issues

AT&T

Total cash donations: $95.5 million

Giving as percentage of pre-tax profit: 1.4%

Causes supported

• Arts/culture
• Community/economic development
• Education (early childhood, K12 and higher ed)
• Health (U.S.)
• United Way

Kroger

Total cash donations: $77.4 million

Giving as percentage of pre-tax profit: 9.2%

Causes supported

• Education (K12)
• Human services
• Hunger/food security
• Local/regional causes
• Military veterans
• Women’s issues

State Farm

Total cash donations: $64 million

Giving as percentage of pre-tax profit: 7%

Causes supported

• Community/economic development
• Education (K12)

Merck

Total cash donations: $62.4 million

Giving as percentage of pre-tax profit: 0.9%

Causes supported

• Community/economic development
• Education (K12 and higher ed)
• Health (global and U.S.)
• HIV/AIDS
• Women’s issues

Pfizer

Total cash donations: $60.7 million

Giving as percentage of pre-tax profit: 0.5%

Causes supported

• Health

UnitedHealth Group

Total cash donations: $60.3 million

Giving as percentage of pre-tax profit: 0.8%

Causes supported

• Health (U.S.)

Verizon

Total cash donations: $56.4 million

Giving as percentage of pre-tax profit: 0.5%

Causes supported

• Education (K12)
• Health (U.S.)

Capital One

Total cash donations: $55.3 million

Giving as percentage of pre-tax profit: 1.2%

Causes supported

• Community/economic development
• Education (K12)
• Housing
• Real-estate acquisition

Eli Lilly

Total cash donations: $54.9 million

Giving as percentage of pre-tax profit: 1%

Causes supported

• Community/economic development
• Diversity
• Education (K12 and higher ed)
• Health (global)
• Hunger/food security
• United Way

Abbott Laboratories

Total cash donations: $54.2 million

Giving as percentage of pre-tax profit: 1%

Causes supported

• Health
• International relief/development
• Science/technology

Bristol-Myers Squibb

Total cash donations: $53.8 million

Giving as percentage of pre-tax profit: 0.8%

Causes supported

• Health (global and U.S.)
• HIV/AIDS
• Mental health
• Military veterans

Procter & Gamble

Total cash donations: $53 million

Giving as percentage of pre-tax profit: 0.4%

Causes supported

• Health (global)
• Housing
• Human services

ConocoPhillips

Total cash donations: $50.2 million

Giving as percentage of pre-tax profit: 0.3%

Causes supported

• Arts/culture
• Civic affairs
• Education (K12 and higher ed)
• Environment/conservation
• Health

IBM

Total cash donations: $48.3 million

Giving as percentage of pre-tax profit: 0.2%

Causes supported

• Community/economic development
• Education (K12 and higher ed)
• Human services

US Bancorp

Total cash donations: $47.7 million

Giving as percentage of pre-tax profit: 0.7%

Causes supported

• Arts/culture
• Community/economic development
• Education (K12 and higher ed)
• United Way

Define “Generous”…

How do corporations compare to average Americans? (2)

In 2011, corporate donations amounted to $14.55 billion.
That same year, individuals gave $217.79 billion.

Sources:
1. http://philanthropy.com
2. http://www.nptrust.org