Wall Street Donations

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Some say that Wall Street is full of greedy Corporations who do whatever they can to increase profits and avoid sharing the wealth. In this article, I would like to share a different perspective by looking at the numbers.

The Chronicle of Philanthropy tracks the donations of corporations and individuals.  This article will round up 10 well-known companies who donated the largest amounts of cash to non-profit charities in the United States. This article does not calculate non-US charities, but please keep in mind that all of these companies are global.

The list below includes 2012 donations. Stay tuned for the 2013 list within a few months (after taxes are filed).

  • Google Inc.
    • $144,606,000
  • Target Corporation
    • $747,038,722
  • General Electric
    • $767,500,00
  • Bank of America
    • $182,999,588
  • JP Morgan Chase & Company
    • $183,471,434
  • Exxon Mobil Corp
    • $213,374,183
  • Goldman Sachs Group
    • $241,278,912
  • Chevron Corporation
    • $262,430,000
  • Wal-Mart Stores, Inc.
    • $311,607,280
  • Wells Fargo and Company
    • $315,845,766

Be advised that these are times of a recession and money is not readily available. Some sectors of the economy are doing better than others and can affect the amount donated.  These donations don’t compare to pre-recessionary times.

Lastly, keep in mind that in 2012 – Google had roughly 35,000 employees where GE had over 305,000 employees and their overhead costs are much, much larger than Google Inc.

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