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.
- Gilead Sciences
- 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.
- 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.
- Wells Fargo
- 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.
- Goldman Sachs Group
- 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.