Archive for category: Philanthropy

Information and news about philanthropy

, ,

Major Programs That Lilly Endowment Supports

Lilly EndowmentFounded in 1937 by three members of the Lilly Family (J.K. Lilly Sr. and his two sons, Eli and J.K. Jr.), Lilly Endowment is one of the largest private philanthropic organizations in the United States. Based in Indianapolis, it derives the bulk of its funding from gifts of stock in the family pharmaceutical business, Eli Lilly and Company.

Lilly Endowment focuses its activities on education, religion and community development. The founders of the endowment had a burning desire to help the people of Indiana; thus, the bulk of charitable initiatives and grants offered by the organization are geared towards activities in Indiana.

Since its inception, various programs have been developed under each of the endowment’s principal focus areas. These are programs that the organization funds on a regular basis.

Lilly Endowment recognizes the importance of education as an instrument of change and development. The organization gives grants to educational institutions and programs that seek to improve the quality of education across Indiana. Emphasis is placed on supporting higher learning institutions in order to increase the number of people with a bachelor’s degree. This is in response to Indiana’s ranking as one of the states with the highest number of people over 25 without a bachelor’s degree.

The three major programs in the education division are the Community Scholarship Program, the Teacher Creativity Fellowship Program and the Summer Youth Program Fund.

Established in 1987, the Teacher Creativity Fellowship Program was developed with the aim of renewing the commitment of educators across Indiana to delivering quality education. During the program, school media specialists, teachers, guidance counselors and principals are given financial backing and time to tend to their personal development and growth.

The Community Scholarship Program was founded in 1998 and seeks to improve the level of higher education attainment in Indiana. The program offers four-year, full tuition scholarships with an additional 900 dollars per year for educational materials. Community foundations in Indiana play an integral role in the administration of the scholarships.

The most recent program that was added to the education section is the Summer Youth Program Fund. Through this program, Lilly Endowment provides grants to organizations that provide constructive and safe activities for children from 4-19 years of age to engage in during the summer. Organizations that receive funding include tutoring centers, churches, community and sports centers, art centers, overnight camps, parks and theaters.

Eli Lilly once mentioned in Madison Magazine that the cause closest to his heart was character education. In order to bring about the development of individuals with moral fibre and upright character, Eli Lilly supported numerous religious causes leading to the establishment of the religious arm of the endowment.

The religious branch of Lilly Endowment seeks to enrich the lives of Christians and congregations across America by improving the capacity of pastors already engaged in the work of ministry and educating a new crop of pastors. They do this through supporting theological institutions and providing opportunities for established ministers to renew their commitment to ministry.

The Indiana and National clergy renewal programs are long-standing initiatives that Lilly Endowment supports as part of its religion arm. Founded in the years 1999 and 2000, respectively, the programs seek to provide pastors with time they can use to recharge their spiritual batteries in order to better serve in ministry. Congregations also use the programs as opportunities to grow the capacities of lay pastors.

The programs both offer grants of up to $50,000 to churches for renewal of their pastors.

Community development is the third major division of Lilly Endowment. Under this section, the organization funds programs that improve the quality of life in Indiana. These are programs that create the kind of economy that can attract lucrative, developmental businesses to the state. Projects and organizations that have received funding in the past include low-income housing projects, neighborhood revitalization projects and arts and culture organizations.

An initiative under community development is the Giving Indiana Funds for Tomorrow (GIFT) program.

Established in 1990, the endowment uses GIFT to support the establishment, growth and success of community foundations in Indiana’s 92 counties. The community foundations, in turn, provide Lilly Endowment with an avenue to improve the quality of life throughout Indiana. The GIFT program has undergone five phases and is currently in its sixth phase.

The continuous growth and expansion of these programs will enable Lilly Endowment to fulfill its overall objective of creating change and fostering development in Indiana.

— June Samo

Sources: Lilly Endowment Community Development, Lilly Endowment Religion, Lilly Endowment Education, Lilly Endowment, General, Learning to Give, ISI News
Photo: TECHPOINT

,

David Beckham Auction to Raise Funds for UNICEF

David BeckhamDavid Beckham’s adoring fans will have the opportunity to take a piece of him home thanks to the David Beckham: The Man exhibition and auction this year.

Phillips will host a viewing and gala auction for David Beckham: The Man at its London gallery that is open to the public.

This innovative international gala auction is part of a high-profile, three-year global philanthropic program and exhibition of signed contemporary photography featuring and celebrating David Beckham, according to UNICEF.

The works will be on display from Feb. 27 until the auction on March 10. The proceeds from the auction will go towards 7: The David Beckham UNICEF Fund and the Positive View Foundation.

“This wonderful project in support of my own 7 Fund at UNICEF and Positive View Foundation will help create change for children and disadvantaged young people around the world,” Beckham said in UNICEF’s press release for the event.

7: The David Beckham UNICEF Fund was founded in 2015 to mark the tenth year Beckham has served as a UNICEF Goodwill Ambassador. 7 aims to protect millions of children from danger and provide help when they need it most, according to the fund’s website.

“David Beckham is the quintessential modern man, his fame far exceeding that of a sportsman. He is universally recognized, an icon of modern masculinity and a magnet for photographers,” David Beckham: The Man Curator Kathy Adler said in UNICEF’s press release for the event. “His appeal is ubiquitous: he is happy being a gay icon, a teenage idol, a spokesperson for sport, a UNICEF Goodwill Ambassador.”

In the 10 years Beckham has served as a UNICEF Goodwill Ambassador, he has traveled to Sierra Leone, South Africa and the Philippines to see UNICEF’s work in action.

Beckham used his celebrity status to call attention to the adversity faced by impoverished children around the world and continues to raise awareness in his role as a global ambassador.

Beckham has also met with U.K. Prime Minister David Cameron to request more be done to help children affected by malnutrition around the world, according to Beckham’s ambassador page.

The Positive View Foundation was founded in 1994 as a philanthropic photography project and has morphed into an organization that helps disadvantaged young people in the U.K.

Over 50 pieces of photography from 27 different photographers including Annie Liebovitz, Nadav Kander and Inez & Vinnodh will be available for bidding, according to UNICEF.

– Summer Jackson

Sources: 7.org, Positive View Foundation, UNICEF 1, UNICEF 2
Photo: Caught Offside

,

Gates Leads Anti-Poverty Campaign in Gulf

anti-poverty_campaignDropping oil prices and tightening budgets across nations in the Gulf are making it difficult to raise money for charity causes. But Bill Gates, with a growing culture of philanthropy in the region, is hoping to attract wealthy regional donors with the Anti-Poverty Campaign.

By visiting the region, Gates, the co-founder of Microsoft and a well-known philanthropist, is actively seeking donations toward his foundation’s $2.5 billion ‘Lives and Livelihood Fund.’ The fund is philanthropy which aims to reduce poverty and disease across 30 countries in the Middle East, Africa and Asia.

The Lives and Livelihood Fund is a joint project with the Jeddah-based Islamic Development Bank (IDB). Launched in June, the IDB and the Bill and Melinda Gates Foundation formally announced the $500 million grant facility.

Through the innovative facility, IDB, the Gates Foundation and potential future donors will support over five years of poverty-focused programs worth $2.5 billion in primary healthcare, disease control, smallholder agriculture and basic rural infrastructure in IDB member countries, with a special focus on low-income countries.

At the launch, Gates appealed to donors saying, “we now have a once-in-a-lifetime opportunity to improve the quality of life for each of the nearly 2 billion people living in the bank’s member countries. It is an honor to join you in this historic effort.”

IDB has committed $2 billion in loans financing the Gates Foundation if they are able to raise $500 million in donations (of which the Gates Foundation has pledged $100 million). Donations, for the remaining difference, are expected to be drawn from wealthy Gulf nations.

Speaking in the United Arab Emirates during an interview with Reuters, Gates said, “Certainly the price of oil means that these countries are having to prioritize both domestic and international things they do. It would be easier if oil was $100 a barrel.”

Oil prices have fallen 60 percent since mid-2014, and the benchmark Brent crude was trading around $42.80 in December 2015.

Despite this, “Philanthropy is growing here and every time I come to the region I get a chance to sit and talk with people who are considering giving and I hear a lot of enthusiasm,” Gates said.

According to Gates, the anti-poverty campaign has several key partners in the region. Saudi Prince Alwaleed bin Talal is one such partner.

Back in July, the prince said he would gradually donate his entire $32 billion fortune to charities that promote health, disease eradication, disaster relief and women’s rights.

Days later, United Arab Emirates businessman Abdullah Ahmad al-Ghurair gave more than $1 billion, a third of his business empire, to a foundation supporting education in the Arab world.

Large-scale donations like these could mark a new trend among the Gulf’s wealthiest. The changes that could come as a result of their generosity are promising, to say the least.

– Kara Buckley

Sources: Business Insider, ISDB
Photo: Quotes Gram

, , , ,

10 Top Philanthropists in Asia

Philanthropists_in_Asia
The United Nations, the World Health Organization and other aid groups estimate that almost one-third of people in Asia live on less than $1.51 per day. Here are some of the most successful philanthropists in Asia who are fighting to end poverty and hunger by 2030.

10 Significant Philanthropists in Asia

  1. Jack Ma—China: Founder and executive of Chinese e-commerce giant Alibaba. Ma donated $2.9 billion to charitable causes across China last year. Ma also set up a $2.4 billion trust for Hong Kong youth and rising entrepreneurs.
  2. Sunny Varkey—India: Founder of Gems Education and one of India’s most prominent entrepreneurs. Varkey has recently signed the Giving Pledge, which is a promise to give most of his wealth to philanthropic missions. His foundation seeks to train 250,000 teachers in order to help nearly 10 million students across India, China, Africa and the Middle East.
  3. P.J. Lhuillier—Philippines: Founder of the P.J. Lhuillier Group. In addition to providing 300 annual scholarships to impoverished students, Lhuillier has also established a foundation that enables dropouts to go back to school. The foundation already has 19 adult education centers open with 48 additional centers to open this coming year.
  4. Cho Gang-Gul—South Korea: Founder of Hannsem. The furniture magnate donated $400 million to a South Korean think tank that works across Asia to seek out and train a new generation of global leaders through an understanding of both Eastern and Western cultures.
  5. Jeffrey Cheah—Malaysia: Chairman for the Sunway Group. Since 1997, Cheah has donated nearly $50 million worth of scholarships for 20,000 low-income students. Cheah’s foundation has also donated $6.2 million to fund an exchange program between Southeast Asian institutions and Cambridge University.
  6. Mohamed Abdul Jaleel—Singapore: Founder of Mes Group. The construction mogul had to drop out of school when he was 16 to support his family. He has made it a life mission to help impoverished children get through school. For the past several years, he has given $1.1 million annually to the Straits Times School Pocket Money Fund, which gives students money for lunch meals and school supplies. Abdul Jaleel also donates an additional $1 million each year to schools in Singapore’s poorer neighborhoods.
  7. Philipp Graf von Hardenberg—Thailand: Founder of the Children’s World Academy. The German native moved to Thailand to provide aid after the 2004 Tsunami and has been helping impoverished children ever since. He set up an orphanage to help children affected by the devastation, and the same facility still operates to this day as a school for impoverished youth. The school has raised more than $5 million.
  8. Manny Pacquiao—Philippines: World boxing champion and Philippine Congressman. Pacquiao and his wife donated 200 college scholarships, funded full missions for Habitat for Humanity in the Southern Philippines and gave upwards of $400,000 in medical assistance to needy families.
  9. Hendro Gondokusumo—Indonesia: Founder of Intiland Development. As one of the largest property developers in Indonesia, Gondokusumo has just set up a new foundation aimed at giving low-income and impoverished families affordable and safe living in the capital Jakarta and across the island of Java.
  10. Yao Ming—China: Retired NBA All-Star. His foundation has helped repair schools and build sports facilities for hundreds of thousands of students in rural China. The Yao Foundation hopes to improve the lives of 150,000 children through sport and exercise by the end of this year.

– Joe Kitaj

Sources: Forbes 1, Forbes 2, Forbes 3
Photo: Flickr

, , ,

How the Richest Man in China Became its Top Philanthropist

Richest_Man_in_China
China’s rich men have been passionate about philanthropy. In the latest Hurun Report, China’s FORBES list, Ma Yun (Jack Ma), the richest man in China, is also the country’s most generous person.

Ma Yun is the founder and executive chairman of Alibaba Group, a family of highly successful internet-based businesses. In 2014, according to the Bloomberg Billionaires Index, with an estimated net worth of $29.7 billion, he was listed as the richest man in China and the 18th richest person in the world.

In 2014, Ma Yun donated 14.5 billion RMB to the improvement of the environment, medicine and health care, as well as education and culture. Thus, it’s the first time in China that the richest guy is also the most generous one.

Recently, donation for philanthropies has been popular among China’s wealthy businessmen. Cai Chongxin, the second largest shareholder in Alibaba Group donated 6.2 billion RMB to philanthropies and thus become the top philanthropist in the region of Hong Kong, Macao and Taiwan.

The new record of the donated funding has been reached recently. The donation made by the first 100 philanthropists on the Hurun Report of Philanthropy has increased 264 percent compared with that in the last year.

Except Ma Yun, the rest of the philanthropists on the list have donated 8.6 percent more than last year on average. The level of being nominated for the list has increased 1 million RMB than last year. On the list, there are 71 newly nominated philanthropists.

Most philanthropists donated to the educational area, which occupied 27 percent in all the philanthropic donations. The second popular area that people donated was social charity. At the same time, disaster relief and poverty alleviation are also the main donated areas.

In 2014, Ma Yun and Cai Chongxin established two charitable trust funds based on their share holdings in Alibaba Group. After the Initial Public Offering, these two charitable trust funds are worth over $2 billion.

According to Ma, these two trust funds will be dedicated to pollution control and medical industry in China.

“I want to live in a world with bluer sky, cleaner water and better health care. I concern a lot about the environment, medical care and education in China, but only concerning can’t help. I’m passionate about contributing into and solving those problems.” Said Ma, a founder of charitable trust funds.

The establishment of two charitable trust funds made Ma Yun and Cai Chongxin known among worldwide famous philanthropists. In the press conference, Ma Yun received congratulations from many celebrated philanthropists, such as Bill Gates, Warren Buffett and Michael Bloomberg.

“Their donations set the new standard for the philanthropy in China, and other businessmen and business leaders are very likely to follow them.” Said Bloomberg.

– Shengyu Wang

Sources: Sina, Hurun Report, Financial Times China
Photo: Wikimedia

,

What is the Definition of Philanthropy?

What is the Definition of Philanthropy?-TBP
According to the Merriam Webster Dictionary, philanthropy is defined as “goodwill to fellow members of the human race; especially active effort to promote human welfare.” Additionally, philanthropy is “an act or gift done or made for humanitarian purposes,” or “an organization distributing or supported by funds set aside for humanitarian purposes.”

This is interesting to consider. The majority of the time, most of us tend to think of philanthropy as the large donation of money to humanitarian or environmental causes. We tend to think of famous philanthropists like Andrew Carnegie and John Rockefeller. More recently, we might think of Bill Gates and Warren Buffet.

What is a Philanthropist

However, a philanthropist does not only have to be someone who donates large sums of money to worthy causes. The definition of philanthropy says that one has to have a goodwill to humankind and an interest in promoting human welfare. One can accomplish this in a multitude of different ways.

A philanthropist could be someone who is educating herself on humanitarian issues. She could figure out what issues are salient to her, what issues are most dire or what issues people do not acknowledge as much. She could also learn the most effective solutions to this issue. The philanthropist could use this education in order to build her dedication to an issue and make the most change.

A philanthropist could be someone who consistently does community service for a humanitarian organization or a cause that he supports. He could dedicate his time to this organization and help using the skills that he possesses.

A philanthropist could be someone who works for a nonprofit or humanitarian organization. This person could dedicate his or her career to a valuable cause. She could work on the ground or in policy reform.

Finally, someone could donate a percentage of their income to a cause or humanitarian organization. The amount of money does not necessarily have to be large.

In conclusion, it is important to remember that a philanthropist has to make an “active effort to promote human welfare.” This means that a philanthropist is not exclusively someone who donates a lot of money to humanitarian causes. A philanthropist makes a significant effort to change a societal problem, in the best way that he or she can. A philanthropist finds an issue resonates with her, and she does what she can to help. Philanthropy is about dedication to humanitarian issues. It is not always about money.

– Ella Cady

Sources: Huffington Post, Merriam Webster, About.com, Biography Online
Photo: LTD

, ,

Five Charities that Make a Different Kind of Difference

Five Charities that Make a Different Kind of DifferenceCharities all work to accomplish different goals and, while their goals are all admirable, some seem to stand out a little more than others. The traditional philanthropic method typically involves collecting donations to be spent on aiding a group or cause either by giving away the raised funds or purchasing specific goods to give to those in need. While this charity formula is not wrong, there are other non-traditional ways to do good. Take a look at these five organizations that make a different kind of difference with your donation.

1. Development Media International (DMI) — DMI creates and broadcasts radio and television programs that help educate and encourage people to adopt healthy practices that can improve a community’s standard of living and individuals’ longevity. Instead of using their funding to distribute soap for hand washing or toothbrushes, they teach simple practices that can make long-term differences, practices that can be taught to children and passed along through generations.

2. Kiva — Kiva is a nonprofit that works to alleviate global poverty through individual micro-loans. Donors invest in the form of a small personal loan for individuals to accomplish a project or improve their businesses. Microfinance institutions allow individuals and communities to lift themselves out of poverty by giving them the tools to be economically successful.

3. The Global Alliance For Improved Nutrition (GAIN) — GAIN is an organization that works to eliminate iodine deficiency, which can lead to impaired cognitive development and is common in developing countries. GAIN’s Universal Salt Iodization program uses the funds they raise to provide technical assistance, supply needed equipment and train government officials. In addition, salt producers monitor the results of changes made in developing countries. GAIN targets the root of iodine deficiency and funnels its efforts toward rectifying it instead of simply managing the consequences.

4. VillageReach — VillageReach is a nonprofit that develops, tests and implements new systems, technologies and programs that improve health in rural or poor communities. In the past few decades, there have been great advancements in the medical field, but because of a lack of access to clinics, medicines and trained professionals, many people in the developing world are isolated from these advancements and do not reap the benefits of improved health and healthcare.

This is where Village Reach comes in; instead of focusing money on more vaccines or more doctors, they focus on removing barriers that stand in the way of communities receiving the healthcare they need. VillageReach partners with institutional stakeholders, such as governments and global health partners, to implement the change needed to extend the reach of adequate healthcare.

5. The Borgen Project — Donations made to The Borgen Project have the intention of alleviating global poverty. While your donation will not directly purchase a meal for a hungry child, it has the power to feed, clothe and provide power for an entire community or country. Funds that are raised by The Borgen Project go toward program services, and fund development and operation expenses. This means that donations are used to fuel the machine that pushes political leaders to allocate funds in a way that benefits those living in poverty in developing countries. So your five dollars could influence the U.S. government to pass legislation that provides millions of people with clean drinking water.

– Brittney Dimond

Sources: Give Well, KIVA, Village Reach
Photo: Flickr

, , ,

Hard Rock Philanthropy: Goals, Partnerships and Products

Hard Rock Philanthropy
Raising funds for philanthropic causes around the world has been a commitment that Hard Rock pursues through the use of mottos, which can be seen in all their locations and sales.

The recognized chain of theme restaurants contributes to various humanitarian and environmental causes through the sale of original and sometimes limited edition Hard Rock products.

With the motto “LOVE ALL – SERVE ALL,” Hard Rock has been using corporate philanthropy as a business strategy that allows the corporation to support global and local communities.

According to the Hard Rock website, the corporation has been advocating and supporting humanitarian and environmental causes since its first day in 1971. The company supports various philanthropic partners, each tied to different mottos based on the causes the partners focus on:

TAKE TIME TO BE KIND

These are Hard Rock’s philanthropic partners that focus on humanitarian and human rights causes:

American Indian Veterans Memorial, American Red Cross, Amnesty International, Bombay Teen Challenge, Breast Cancer Research Foundation, Caron Keating Foundation, St. Mary’s Healthcare System for Children, Children of Restaurant Employees (CORE), City of Joy, Crossroads Center, David Lynch Foundation, Fundacion Pies Descalzos, Global Angels, Habitat for Humanity, Holster Project, Hope North, Make A Wish Foundation, MPP HAITI, Music for Relief, Musicians on Call, Music Rising, Nordoff Robbins – UK, Pathfinder Academy, Pattanarak Foundation, Peace First, Roots & Shoots, The Mercury Phoenix Trust, The Nelson Mandela Children’s Hospital Trust, TJ Martell Foundation, Vicente Ferrer Foundation and WhyHunger.

SAVE THE PLANET

These partners focus on environmental causes such as habitat and animal protection:

Arbor Day Foundation, Farm Aid, Sustainable BioDiesel Alliance, Wildlife Conservation Society and Cotton Conservation Initiative (CCI).

ALL IS ONE

These are organizations in the entertainment industry that advocate for different causes:

GRAMMYs/National Academy of Recording Arts & Sciences, Grammy Museum, LATIN GRAMMYs/Latin Academy of Recording Arts & Sciences, Country Music Awards, MusicCares, Gibson Foundation, Rock & Roll Hall of Fame and Heard The World.

Hard Rock supports all of its partners by creating awareness, funding and by educating others about the different projects and causes for which their partners advocate.

Hard Rock also creates a variety of original products that are sold with a charitable purpose.

The company created the “Signature Series” t-shirt line as a way for artists to donate and do humanitarian labor by providing an original design to Hard Rock. These designs are printed on limited edition t-shirts and are sold in every Hard Rock location, as well as Hard Rock’s online shop.

Artists select charities from around the world and proceeds from their t-shirt sales are donated to those charities.

So far, Hard Rock has released 33 “Signature Series” t-shirts created by various artists including Imagine Dragons, Kiss, Linkin Park, U2, The Who, Bon Jovi, Shakira and Queen.

Current “Signature Series” t-shirts, as well as pins, bracelets and earbuds, are available in Hard Rock stores worldwide and online. The purchase of these items contributes to donations to different philanthropic causes.

Hard Rock Philanthropy is the humanitarian side of the Hard Rock company. With the use of mottos, products and partnerships with organizations and artists, Hard Rock is advocating to make the world a better place by loving and serving all.

– Diana Fernanda Leon

Sources: Hard Rock 1, Hard Rock 2, Hard Rock 3, Hard Rock 4, Hard Rock 5
Photo: La Republica Firenze

, , ,

Warren Buffett: Generosity May Save Generations

How Warren Buffett Generosity Can Save Generations
According to Forbes Magazine, Warren Buffett is one of the wealthiest men in the world, with a net worth of over $72 billion. Buffett amassed a great portion of his wealth through investment and involvement in his family’s business, Berkshire Hathaway. Since coming into his fortune, Buffett has created a non-profit called The Susan Thompson Buffett Foundation, which is a large family foundation third only to The Bill and Melinda Gates Foundation and The Ford Foundation.

After Buffett’s first wife, Susan Thompson, passed away at the age of 72, he decided to focus the foundation’s efforts on charitable causes. One of the most funded causes was creating an IUD, an intrauterine contraceptive device. All of the foundation’s donations to research, funding and supplying were made in confidence, but it is evident that without funding for research the world would be in a much different place.

When IUDs were first created, they had more negative side effects than positive outcomes. Since few women saw their use, research on this form of contraceptive slowed to a halt, but after ten years of minimal research, the Buffett Foundation decided to invest in better contraceptives for women who did not have access to medical facilities. According to Buffett, not allowing women to decide when they want to get pregnant is essentially failing to utilize half of the brainpower in the world, as these people are constantly worried or concerned about pregnancy and their children.

Since Buffett’s investment, three major IUDs have emerged: ParaGard, which is a copper IUD that can last 3 years; Mirena, which is a plastic IUD that secretes hormones and can last up to five years; and most recently, Liletta, which is very similar to Mirena and was developed by a non-profit funded by Buffett in order to offer a cheaper option to women who could not afford a standard IUD.

The longevity of IUDs, some lasting up to 10 years, has made them an ideal form of contraception for busy women who do not have a steady schedule and cannot take pills at the same time every day. IUDs are 99 percent effective and have proven to be safe and beneficial for women in underdeveloped countries. In some developing countries, women are still dying in childbirth due to far too many pregnancies and a lack of control over their fertility. However, as female reproductive rights become a more pressing issue, IUDs and their cheap — or maybe even free — existence could make a huge difference.

Many women who live in poverty feel as though they do not have control over their bodies, an issue that has been brought up with several women’s rights’ activist groups. In order to grant women more control, we must grant them access first to contraceptives and next to education. When women are given the option to decide whether or not to have a child, they are able to make better decisions for their families and for their futures. Childhood mortality rates will decrease, female life expectancy will increase and overall national GDP will also increase. This is one simple change funded by one outstanding man that could provide women in developing nations a chance to take control of their lives and make a difference.

– Sumita Tellakat

Sources: Bloomberg, Forbes
Photo: Forbes

, ,

Forbes Calculates America’s Most Generous Companies

Forbes
A new survey released by The Chronicle of Philanthropy ranks 12 companies in order of who gave away the highest percentage of profits in 2013. Seventy U.S. companies participated in the survey. The top 12 most generous companies are listed below along with descriptions of their core values and donations.

12 Most Generous American Companies

  1. Alcoa: Alcoa, a metals, engineering and manufacturing company, values innovative solutions that better the world. They donated 12.1 percent of their profits to worthy causes.
  2. Safeway: Safeway, a grocery and food supply company, values quality food and integrity. They donated 7.2 percent of their profits to worthy causes.
  3. UPS: UPS, a commerce and messaging company, values excellent service and dedication. They donated 5.6 percent of their profits to worthy causes.
  4. Bank of America: Bank of America, a banking company, believes in the power of helping all people. They donated 5.4 percent of their products to worthy causes.
  5. State Farm Insurance: State Farm Insurance, an insurance company, values being a Good Neighbor and helping those in need. They donated 4.1 percent of their profits to worthy causes.
  6. Kroger: Kroger, a retail food company, believes in proving the best service, selection and value. They donated 3.3 percent of their profits to worthy causes.
  7. MetLife: MetLife, an insurance, benefits and retirement company, values individuals and seeks to help the future of others. They donated 3.2 percent of their profits to worthy causes.
  8. Target: Target, a retail company, values quality products to enable a successful life. They donated 3.2 percent of their profits to worthy causes.
  9. Nationwide: Nationwide, an insurance company, values helping others. They donated 3.2 percent of their profits to worthy causes.
  10. DOW Chemical: DOW Chemical, a chemical, biological and physical sciences company, is committed to innovations that help the world. They donated 2.4 percent of their profits to worthy causes.
  11. Goldman Sachs Group: Goldman Sachs Group, a bank, securities and investment management company, believes in making a difference in someone’s life. They donated 2.3 percent of their profits to worthy causes.
  12. Exelon: Exelon, an energy service company, values progress and knowledge that will help the world. They donated 2 percent of their profits to worthy causes.

– Kelsey Parrotte

Sources: Alcoa, Bank of America, DOW, Exelon, Forbes 1, Forbes 2, Goldman Sachs, Kroger, MetLife, Nationwide, Safeway, State Farm,, Target, UPS
Photo: Flickr