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.
- Target Corporation
- General Electric
- Bank of America
- JP Morgan Chase & Company
- Exxon Mobil Corp
- Goldman Sachs Group
- Chevron Corporation
- Wal-Mart Stores, Inc.
- Wells Fargo and Company
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.