Abbott Laboratories (ABT)
Contact:
Foundation program:
Abbott Fund
87 % of giving is through foundation
Signature program:
Abbott Global Care Initiatives
Abbott Global Care Initiatives include a range of programs in partnership with governments, nongovernmental organizations and industry partners. These partnerships are designed to help build an expanding foundation to fight HIV/AIDS in developing countries, where the pandemic is most prevalent and the need for assistance is the greatest.
Through Abbott Global Care Initiatives, the company is investing $100 million over five years to fight HIV/AIDS in the developing world, focused on areas of critical need, including:
Access to HIV testing and treatment with Abbott Access;
The prevention of mother-to-child transmission through the Determine HIV Testing Donation Program;
Strengthening health care infrastructure with Tanzania Care; and
Care and support for orphans and vulnerable children with Step Forward.
Donations
| 2004 cash donations | | $ 30,000,000 |
| As pct. of revenue | | 0.2 % |
| As pct. of earnings | | 0.7 % |
| Change since 2003 | | 7.1 % |
| Change since 2002 | | 0 % |
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| 2004 in-kind donations | | $ 270,000,000 |
| As pct. of revenue | | 1.4 % |
| As pct. of earnings | | 6.5 % |
| Change since 2003 | | 35 % |
| Change since 2002 | | 0 % |
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| Projected increase/decrease | | no change |
Favored Issues
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Health |
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Other / specifics: Health disparities and unmet needs (especially HIV/AIDS)
Science and innovation
Diversity and inclusiveness
Major Objectives
Abbott's philanthropic programs are focused on four areas: advancing science and innovation; addressing health disparities/meeting unmet needs; promoting diversity and inclusiveness; and improving the vitality of communities.
One area of particular focus is the battle against HIV/AIDS in the developing world. Through Abbott's Global Care Initiatives, the company is focused on areas of critical need, including: advancing access to testing and treatment; the prevention of mother-to-child transmission of HIV; infrastructure and health system capacity-building; and care for orphans and vulnerable children.
