Corporate Philanthropy's Biggest Givers
- Special Report: Philanthropy
- Slide show: Top Givers and Their Causes
- Table: Top Individual Givers
- Key for Favored Causes:
Education Arts Health Care Community Development Environment Human Rights Other
Who are the big givers in corporate philanthropy, and where are they giving? BusinessWeek set out to find out how funding and giving priorities had changed since we last surveyed companies in the Standard & Poor's 500-stock index two years ago.
Our invitation for companies to report on their philanthropy yielded 200 responses. Of those, 190 reported numbers reflecting cash gifts; 125 provided values for in-kind gifts such as products and services. We used the information to rank companies by cash and in-kind gifts, cash gifts as a percentage of pre-tax profits and in-kind gifts as a percentage of pre-tax profits. Our survey aims to track new money being spent on philanthropic efforts. Some foundations, however, are endowed, and so get a big lump of funding in one year and aren't designed to get yearly allotments of "new" money from a corporate parent. Since some companies counted foundation outlays as new cash in our survey two years ago, their giving may appear to have dropped dramatically when, in fact, it has not.