Over the past few years, an increasing number of companies have focused on philanthropic causes. This post looks at the top 5 charitable companies according to Forbes’s top 5 charitable companies.
5. Exxon Mobil
Exxon Mobil focuses on bettering the lives of people and communities via three causes: education, women’s empowerment, and malaria prevention. In 2013, the company donated over $269 million and logged over 700,000 volunteer hours. In 2014, the company’s contributions increased more than 13.2% compared to previous years. The company also offers a program for retirees and employees that matches donations related to disaster relief and charity giving.
4. Goldman Sachs
Goldman Sachs is focused on helping others innovate and implement ideas. Since last year the company has contributed over 3% of its pretax profits to various causes. The company has provided small businesses and women leaders with investments and resources to help their businesses grow throughout the world. Goldman Sachs also provides grants through a program where employees and retirees work together to recommend non-profits for the donor program gift.
3. Wells Fargo
Wells Fargo has offered multiple different giving channels. The company routinely donates to national and community based nonprofits, gives grants and scholarships for education, helps veterans, and also runs disaster relief and affordable housing programs. In 2015, the company donated more than $281 million to 16,300 nonprofit organizations and over $12.3 million dollars to 472 environmental programs. The company also gives employees paid leave for volunteer work.
Last year, Walmart donated over $3.1 million cash to charities. The company offers a match program to their employees who donate to 11 participating non-profits. Walmart encourages its employees to volunteer. The company also offers multiple grant programs for educational scholarships and donates food to those in need.
Gilead has donated over $446.7 million in cash donations. Their corporate social responsibility includes access to medicine, providing care, and supporting the community. The company is heavily focused on helping people with life threatening diseases, such as HIV/AIDS, liver disease, and hepatitis. The company gave over $500 million to organizations that help fight these life threatening diseases and educate others on prevention. Their Four Pillars of Giving include reducing disparities, providing access to medicine and care, advancing medicine, and supporting local communities. The company has been so successful at making a positive impact due to the way it structures its giving.