Companies That Donate to Charities

The top 5 companies that donate to charities are: Principal Financial Group Inc., Wells Fargo, Starbucks, Northern Trust Corporation and The Gap. These companies are ranked according to amount given, percentage of profit the amount donated comprises and a green planet policy score. The site that does the ranking has taken a page from the Fortune 500 and created something called the Goodness 500. .

Some of the companies that donate to charities are: Principal Financial Group Inc., Wells Fargo, Starbucks, Northern Trust Corporation and The Gap. These companies are ranked according to amount given, percentage of profit the amount donated comprises and a green planet policy score. The site that does the ranking has taken a page from the Fortune 500 and created something called the Goodness 500. Their intention is to let people know which companies are altruistic beyond others of their kind so that others can support them. Generally, for-profit institutions are seen as greedy, money-grubbing and never giving away a dime because it could hurt their bottom line and their stock price as a result but some companies go the extra mile to make sure to give back to those less fortunate.For the complete list of companies in the 500 most charitable list and the breakdown of their scores see: http://goodness500.org/companies. Some companies can afford to donate large amounts of cash without heavily affecting their overall balance sheet. For example, Microsoft donated $113,000,000 but this was only 0.8 percent of the profits that they made. Target, on the other hand, donated $133,000,000, a comparable figure, but this amounted to 5.3 percent of their profits. Some companies are extremely generous percentage wise. For example, Charles Schwab donated 47 percent of its profits to charities. The New York Times donated $4.6 million, or about 23 percent of its profits to charity.Other charitable companies are seen at http://finance.yahoo.com/news/the-10-most-charitable-companies-in-america.html. According to the Chronicle of Philanthropy, in 2010 some companies that defied the greedy Wall Street stereotype of trying to make every penny and not giving any of it back include Kroger, Macy's, Safeway, Dow Chemical, Morgan Stanley, Walmart, Goldman Sachs, Wells Fargo, Bank of America, and Exxon Mobil. Most of these companies made donations of over $50 million; some even gave over $200 million in donations.