Top 50 Corporate Giver

Abbott Laboratories (ABT)

abbott.com

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 %

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 %

Projected increase/decrease no change

 Favored Issues
  arts   education   community development   health care   international
  Arts   Edu   Comm   Health   Intl

   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.