The 4 Most Charitable Businesses in America

American businesses rely on their consumer base for their profits and their livelihood. As a result, many choose to give back to those who’ve supported them and look for ways to better not only their community, but the globe.

 

There are some companies who have gone simply above and beyond in their efforts to effect positive change. The 20 businesses on the Fortune 500 list who gave the most in 2015 gave a total of $3.5 billion dollars to help fund various initiatives and aid certain groups. Here are the top 4 charitable donators ranking on the 500 list.

  1. Gilead Sciences
    1. This biotech firm based in California is an active participant in global philanthropy, working to promote better health and lives around the world. In 2015, the company reported that a bulk of their giving went towards working on HIV/AIDS treatments as well as liver disease. Just a few years ago the company was ranked 250th on the Fortune 500 list, but over the past two years, since it broke into the Hepatitis C market, it has now risen to the 86th spot. In 2015, Gilead donated $446.7 million.
  2. Walmart
    1. You know it as the supercenter that stocks just about everything you could ever need, but Walmart is so much more than just a corporation. In 2015, it pledged to help retail workers increase their economic ability with a $100 million commitment, $10.9 million of which went towards nonprofit organizations that specifically help those working in retail operations. Walmart continues to hold the top position on the 500 list, and gave $301 million in 2015.
  3. Wells Fargo
    1. This financial institution gets its employees involved with community work and volunteering by offering them two days a year to volunteer during paid leave. In 2015 they also donated $25 million to a nonprofit that supports financial education called NeighborWorks. Their aim is to donate between 1.2% and 1.5% of its total profits each year, and in 2015 Wells Fargo donated $281.3 million. They’re currently holding the 27th spot on the Forbes 500 list.
  4. Goldman Sachs Group
    1. Goldman Sachs’ giving has increased over the past decade largely in part to the efforts of Dina Powell, former member of the George W. Bush administration and current Deputy National Security Advisor to President Trump. She joined their team in 2007 to take charge of the corporation’s philanthropic endeavors and social investments. Goldman Sachs is currently 74th on the Forbes list and gave $276.4 million in 2015.

How to Get Your Business Involved in Giving

As a business, you exist in a symbiotic relationship with the community that surrounds you. The community supported you and assisted you as you were in the process of growing, and eventually it’s your turn to return the favor. There are countless ways for your company to get involved; it’s up to you to decide how to best give back in a way that will make your employees feel more connected to the business and the community as a whole. Here are just a few ways to get your team involved.

  • Employee volunteer days.
    • Plan large events and gatherings that will bring your employees together in pursuit of a common goal. Take a day once a quarter to go clean up up an overgrown cemetery in the community, rake leaves in the park, volunteer at a nursing home, or find another way you can best help your community.
  • Clean up the roads.
    • Although the littering rate has dropped 61% over the past 40 years here in the United States, we’re still producing more than a quarter million tons trash each year. While it’s unlikely you and your staff alone have the time and resources to clean the entire ocean or reduce your city’s carbon footprint, you can make a difference at home by helping to clean up the litter and trash in your community. As a business, you could Adopt a Highway and take a day or two each year to walk alongside the road and clean up the trash gets tossed from car windows. You could also potentially save a fellow commuter a lot of financial burden and stress; just take a look at the damage bottles, cans, and plastic bags can cause.
  • Volunteer at a soup kitchen.
    • Food is one of the most basic human needs, but for some people constant access to it is a luxury that they do not have. That’s why community food banks exist; to make sure people who are struggling to make ends meet are able to put food on the table for their families. Have a day each week when employees go volunteer a few at a time on rotation. Organize food drives to collect more resources for the banks. Find ways that you can relieve the burdens the organization feels.
  • Sponsor a charity.
    • Do your employees have incentives for reaching their goals each month? Each quarter? Do you set aside money for company happy hours or bonding exercises? Why not set aside one quarter’s earnings to sponsor a charity? Have the employees decide collectively which charity to give to and set a goal to reach; benefiting a cause they’ve chosen to help will be their incentive to work hard and meet goals over the next three months.