Wednesday, July 24, 2013

Week 3 EOC: Making Money For Good

Wal-Mart has been at the top of most charitable businesses over the past years, having donated over 2 billion in cash and in-kind commitment to fight hunger throughout 2010-2015. Wal-Mart has also supported women's economic empowerment by donation $100 million in grants for this initiative, but , Wal-Mart was knocked out of the number 1 spot by another corporation, Wells Fargo. In 2012, Wells Fargo invested 315.8 million dollars in 19.500 non profits and schools nationwide, this number is up 48% from 2011. Some of this contributions of Wells Fargo include $107.8 million in grants to organizations that support homeownership and assist families so they can have affordable housing, home buyer education and counseling and down payment assistance as well as home repairs. Wells Fargo also helped schools throughout the nation by giving $75.5 million to 8,600 educational programs and schools. Wells Fargo also had 1.5 million hours of volunteer work by their team members in local communities and contributed $79 million by their team members through year round donations and to non profit organizations and the community support and united way campaign. Wells Fargo also contributed to the environment by giving $6 billion in loans to environmental organizations and $8 million in grants to environmental nonprofits. Other top 10 businesses that contributed quite a lot to charity were Chevron(3), Goldman Sachs(4), ExxonMobil(5), JPMorgan Chase(6), Bank Of America(7), GE(8), Target(9), and finally Google at number 10.

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