Drug, Tech, and Financial-Services Companies Top List of Corporate Donors
September 5, 2018 | Read Time: 1 minute
The Chronicle’s 2018 report on corporate giving features 19 years’ worth of data on philanthropy among the country’s largest public companies.
Continuing the trend of past years, pharmaceutical companies remain among the biggest donors on our list, thanks in large part to product contributions. Financial-services and drug companies top the list of cash givers.
1 Values provided are derived only from foundation data.
Methodology
The Chronicle of Philanthropy surveyed the country’s 300 largest public companies from the Fortune 500 and reviewed public financial documents filed with the Internal Revenue Service, the Securities and Exchange Commission, and publicly available reports of corporate charitable giving. Our database includes figures on 68 companies’ charitable giving in the 2017 fiscal year and 63 in the 2016 fiscal year.
The data includes information on a company’s pretax income, total cash giving, donated products, and the areas of emphasis for grant making. Giving figures include both domestic and international philanthropy.
Product giving is reported at fair market value unless otherwise indicated. Donations of services and volunteer time are not included in this total.
Giving figures from past Chronicle corporate-giving surveys from 1998 to 2016 (excluding 2011) have not been adjusted for inflation and represent the actual dollar figures donated at that time.
