Sunday, October 19, 2008

Most generous corporations - Forbes Magazine

Forbes has just published two lists of the ten most generous corporations, one by percent of company income, and the other by actual cash donations. Here is a list of the names together.
Big round of applause time!

Most Generous Corporations - Cash Donations:

No. 1: Wal-Mart Stores

2007 cash donation: $301 million

No. 2: Bank of America

2007 cash donation: $211 million

No. 3: Exxon Mobil

2007 cash donation: $173 million

No. 4: Citigroup

2007 cash donation: $146 million

No. 5: Johnson & Johnson

2007 cash donation: $127 million

No. 6: Chevron

2007 cash donation: $122 million

No. 7: AT&T

2007 cash donation: $119 million

No. 8: General Electric

2007 cash donation: $114 million

No. 9: Microsoft

2007 cash donation: $110 million

No. 10: Wachovia

2007 cash donation: $103 million

Most Generous Corporations - Percentage of Income:

No. 1 Kroger

1.7% of operating income
2007 cash donation: $57 million
2006 operating income: $3.3 billion

No. 2 Tyson Foods

1.6% of operating income
2007 cash donation: $8 million
2006 operating income: $492 million

No. 3 Bristol-Myers Squibb

1.4% of operating income
2007 cash donation: $59 million
2006 operating income: $4.1 billion

No. 4 Best Buy

1.4% of operating income
2007 cash donation: $31 million
2006 operating income: $2.2 billion

No. 5 Eli Lilly

1.3% of operating income
2007 cash donation: $70 million
2006 operating income: $5.4 billion

No. 6 Wal-Mart Stores

1.3% of operating income
2007 cash donations: $301 million
2006 operating income: $23.6 billion

No. 7 Fluor Corp.

1.2% of operating income
2007 cash donation: $10 million
2006 operating income: $531 million

No. 8 Xerox

1% of operating income
2007 cash donations: $25 million
2006 operating income: $2.5 billion

No. 9 Caterpillar

0.9% of operating income
2007 cash donation: $74 million
2006 operating income: $7.8 billion

No. 10 Northrup Grumman

0.9% of operating income

2007 cash donation: $30 million

2006 operating income: $3.2 billion


Interesting how diverse these companies are. They are not all, say, grocery stores. Also, it is interesting to note how different the companies on the lists are. Only Wal-Mart and Exxon-Mobil make both lists.

Here's the full article:
http://www.forbes.com/home/2008/10/16/most-generous-corporations-corprespons08-lead-cx_mk_1016charity.html

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