Companies that Donate the Most Cash to Nonprofits

By Double the Donation Topic: BlogKeywords: , , , ,

 

At Double the Donation, our goal is to help nonprofits and their donors make the most of corporate giving programs. Below is a list of the top ten companies that donated the most cash through corporate giving programs in 2013:

1. Walmart Stores

Total cash donations: $311,607,280

Giving as a percentage of pre-tax profit: 1.3%

Philanthropic priorities:

  • Food Security
  • Environmental sustainability
  • Women’s Issues
  • Community Development

Corporate giving program highlight: After Walmart employees volunteer 25 hours with an organization, Walmart provides a volunteer grant of $250 to that organization.

For more information about Walmart’s matching gift and volunteer grant programs click here.

 

2. Wells Fargo & Company

Total cash donations: $275,478,175

Giving as a percentage of pre-tax profit: 1%

Philanthropic priorities:

  • Homeownership and Small Businesses
  • Environmental sustainability
  • Education Initiatives
  • Affordable Housing

Corporate giving program highlight: Wells Fargo matches, dollar-for-dollar, employees’ donations to accredited public or private educational institutions and educational foundations.

For more information about Wells Fargo & Company’s matching gift and volunteer grant programs click here.

 

3. Chevron Corporation

Total cash donations: $274,348,743

Giving as a percentage of pre-tax profit: 0.6%

Philanthropic priorities:

  • Public Health
  • Community Development
  • Education Initiatives

Corporate giving program highlight: Each current employee can request up to $10,000 in matching donations per year while retirees can request up to $3,000 annually.

For more information about Chevron Corporation’s matching gift and volunteer grant programs click here.

 

4. Goldman Sachs Group

Total cash donations: $262,580,983

Giving as a percentage of pre-tax profit: 2.3%

Philanthropic priorities:

  • Women’s Issues
  • Small Businesses
  • Military Veterans
  • Education Initiatives

Corporate giving program highlight: Since 2008, Goldman Sachs has committed in excess of $1.6 billion to philanthropic initiatives.

For more information about Goldman Sachs Group’s matching gift and volunteer grant programs click here.

 

5. ExxonMobil Corporation

Total cash donations: $227,487,934

Giving as a percentage of pre-tax profit: 0.3%

Philanthropic priorities:

  • Math and Science Education
  • Women’s Issues
  • Public Health
  • Education Initiatives

Corporate giving program highlight:  Many of ExxonMobil’s corporate giving programs are not only open to current employees but also to spouses, retirees, and surviving spouses.

For more information about ExxonMobil Corporation’s matching gift and volunteer grant programs click here.

 

6. JPMorgan Chase & Co.

Total cash donations: $210,908,786

Giving as a percentage of pre-tax profit: 0.8%

Philanthropic priorities:

  • Community Development
  • Small Businesses
  • Military Veterans
  • Environmental Sustainability

Corporate giving program highlight: Teams of three or more employees or retirees who volunteer together are eligible for team volunteer grants based on the combined volunteer hours.

For more information about JPMorgan Chase & Co’s matching gift and volunteer grant programs click here.

 

7. Bank of America

Total cash donations: $166,453,414

Giving as a percentage of pre-tax profit: 5.4%

Philanthropic priorities:

  • Community Development
  • Affordable Housing
  • Education Initiatives
  • Food Security

Corporate giving program highlight: Current employees and spouses can request up to $5,000 in matching donations per year.

For more information about Bank of America’s matching gift and volunteer grant programs click here.

 

8. Johnson & Johnson

Total cash donations: $157,168,000

Giving as a percentage of pre-tax profit: 1%

Philanthropic priorities:

  • Public Health
  • Women’s Issues
  • Education Initiatives

Corporate giving program highlight: J&J donates $2 for every $1 current employees donate to eligible nonprofits.

For more information about Johnson & Johnson’s matching gift and volunteer grant programs click here.

 

9. General Electric

Total cash donations: $154,800,000

Giving as a percentage of pre-tax profit: 0.9%

Philanthropic priorities:

  • Public Health
  • Education Initiatives
  • Disaster Relief
  • Human Rights

Corporate giving program highlight: General Electric created the world’s first matching gift program and matches employee donations up to $50,000 per year.

For more information about General Electric’s matching gift and volunteer grant programs click here.

 

10. Target

Total cash donations: $148,597,737

Giving as a percentage of pre-tax profit: 3.2%

Philanthropic priorities:

  • Education Initiatives
  • Public Safety
  • Food Security
  • United Way

Corporate giving program highlight: Target has donated nearly $1 billion dollars towards education initiatives.

 

Sources:

The Chronicle of Philanthropy’s annual report on which companies gave the most cash in 2013 (http://philanthropy.com/article/10-Companies-That-Gave-the/147651/)

Double the Donation’s Matching Gift Database (https://doublethedonation.com/)

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