Special Report: Philanthropy

Slide show: Top Givers and Their Causes

Table: Top Individual Givers

Key for Favored Causes:
Education
Education
Arts
Arts
Health Care
Health Care
Community
Development
Community Development

Environment
Environment

Human Rights
Human Rights
Other
Other

Corporate Philanthropy's Biggest Givers


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.


Click column heading once to reorder from highest to lowest. Click twice to reorder from lowest to highest.
Company
2006* Cash
Donation
$
2004* Cash
Donation
$
Change
from 2004
%
As % of
profit
%
Future Plans
2006* In-Kind
Donation
$
2004* In-Kind
Donation
$
Percent Change
from 2004*
%
As % of
profit
%
3M   23,800,000 0-200.0 0.4 Increase 13,300,000 0 00.2 
ABBOTT   35,000,000 30,000,00016.7 1.5 Increase 265,000,000 270,000,000 -211.6 
ADOBE SYSTEMS   6,627,619 5,083,58030.4 1.0 No Change 24,385,714 2,902,362 7403.6 
AFLAC   4,601,749 5,795,650-20.6 0.2 Increase 250,000 109,506 1280.0 
ALCOA   15,425,314 28,225,828-45.4 0.4 Increase 0 556,770 0-3.0 
ALTRIA GROUP**   132,140,372 113,354,01616.6 0.8 Decrease 68,045,920 66,835,133 20.4 
AMBAC   850,000 704,00020.7 0.1 Increase 7,000 7,000 00.0 
ADVANCED MICRO DEVICES   4,047,766 4,207,039-3.8 -1.0 No Change 267,549 718,767 -63-1.0 
AMEREN   6,177,687 5,305,36916.4 0.7 No Change 76,728 52,820 450.0 
AMERICAN ELECTRIC POWER   9,100,000 9,139,661-0.4 0.6 No Change 0 0 0-3.0 
AMERICAN EXPRESS   29,700,000 32,000,000-7.2 0.6 No Change 0 0 0-3.0 
ASHLAND   3,000,000 0-200.0 1.4 No Change 100,000 0 00.0 
AT&T****   45,802,253 0-200.0 0.4 Increase 68,375 0 00.0 
AVAYA   783,000 0-200.0 0.3 Increase 0 0 0-3.0 
AVON PRODUCTS   19,210,604 0-200.0 2.7 No Change 11,254,626 0 01.6 
BANK OF AMERICA   200,000,000 108,000,00085.2 0.6 No Change 0 0 0-3.0 
BAXTER INTERNATIONAL   16,500,000 7,200,000129.2 0.9 No Change 14,800,000 7,800,000 900.8 
BECTON DICKINSON   6,000,000 4,100,00046.3 0.6 Increase 2,600,000 4,300,000 -400.3 
BEST BUY   24,091,553 18,817,94428.0 1.1 No Change 1,000,000 0 00.0 
BIOGEN IDEC   9,200,000 8,300,00010.8 1.8 No Change 100,000,000 65,000,000 5420.0 
BMC SOFTWARE   1,300,000 1,400,000-7.1 0.4 Decrease 0 0 0-3.0 
BOEING   48,550,000 0-200.0 1.5 No Change 0 0 0-3.0 
BRISTOL-MYERS SQUIBB   80,252,837 64,374,58924.7 3.0 Decrease 445,000,000 601,909,558 -2616.9 
C. R. BARD   2,600,000 0-200.0 0.7 No Change 760,000 0 00.2 
CA   7,000,000 11,977,192-41.6 4.5 No Change 1,000,000 982,644 20.6 
CAPITAL ONE   23,380,000 0-200.0 0.6 No Change 0 0 0-3.0 
CATERPILLAR   31,000,000 0-200.0 0.6 Increase 0 0 0-3.0 
CB RICHARD ELLIS GROUP   5,200,000 0-200.0 1.0 Increase 0 0 0-3.0 
CENTERPOINT ENERGY   2,735,000 0-200.0 0.6 Increase 300,000 0 00.1 
CHARLES SCHWAB   3,066,604 1,924,69159.3 0.2 Increase 20,884 22,021 -50.0 
CHEVRON   90,852,484 63,800,00042.4 0.3 Increase 0 0 0-3.0 
CIGNA   5,000,000 0-200.0 0.3 No Change 0 0 0-3.0 
CISCO   49,000,000 33,400,00046.7 0.5 Increase 39,400,000 19,800,000 990.4 
CIT   0 0-200.0 -3.0 Increase 0 0 0-3.0 
CITIGROUP   131,172,461 111,284,46217.9 0.4 Increase 0 0 0-3.0 
CITIZENS COMMUNICATIONS   0 0-200.0 -3.0 Increase 0 0 0-3.0 
CITRIX SYSTEMS   1,000,000 1,250,000-20.0 0.4 No Change 250,000 50,000 4000.1 
COMPANY   5,295,459 4,094,14329.3 0.7 No Change 10,600,000 4,911,620 1161.4 
COCA-COLA CO.   52,594,355 67,218,705-21.8 0.8 No Change 16,992,056 302,549 5,5160.3 
COCA-COLA ENTERPRISES   28,200,000 10,300,000173.8 -3.0 No Change 0 3,700,000 0-1.0 
CONAGRA FOODS   0 0-200.0 -3.0   0 0 0-3.0 
CONOCOPHILLIPS   50,550,887 37,080,10136.3 0.2 Increase 2,000,000 0 00.0 
CONSOLIDATED EDISON   10,477,000 7,000,00049.7 0.9 No Change 2,000,000 2,200,000 -90.2 
CONSTELLATION BRANDS   1,000,000 0-200.0 0.2 Increase 100,000 0 00.0 
CONVERGYS   700,000 0-200.0 0.3 Decrease 0 0 0-3.0 
CORNING   33,082,000 18,325,45980.5 1.7 Increase 0 0 0-3.0 
COSTCO WHOLESALE   15,370,856 0-200.0 0.9 Increase 602,863 0 00.0 
CUMMINS   7,200,000 0-200.0 0.7 Increase 0 0 0-1.0 
CVS CAREMARK   20,000,000 0-200.0 0.9 Increase 12,000,000 0 00.5 
DEVON ENERGY   10,000,000 0-200.0 0.2 Increase 100,000 0 00.0 
DOW CHEMICAL   27,900,000 0-200.0 0.6 Increase 2,000,000 0 00.0 
DTE ENERGY   7,500,000 6,800,00010.3 2.3 No Change 500,000 300,000 670.2 
DUPONT   18,677,297 23,348,000-20.0 0.6 No Change 4,060,728 523,281 6760.1 
EASTMAN CHEMICAL   350,000 2,421,862-85.5 0.1 Increase 0 0 0-3.0 
EATON   6,263,000 4,471,00040.1 0.6 Increase 29,038 25,000 160.0 
EBAY   4,010,828 0-200.0 0.3 Increase 0 0 0-3.0 
ECOLAB   4,265,235 3,500,00021.9 0.8 Increase 1,500,000 150,000 9000.3 
EDISON INTERNATIONAL   9,920,746 6,192,09160.2 0.5 No Change 404,000 607,909 -340.0 
ELECTRONIC DATA SYSTEMS   3,724,311 4,005,018-7.0 0.5 No Change 1,481,957 300,106 3940.2 
ELI LILLY   57,000,000 71,281,235-20.0 1.7 Decrease 363,000,000 337,982,450 710.6 
EMC   0 0-200.0 -3.0 Increase 0 0 0-3.0 
ENTERGY   10,500,000 10,700,000-1.9 0.7 No Change 20,100 0 00.0 
EQUITY RESIDENTIAL   242,000 0-200.0 0.2 No Change 0 0 0-1.0 
ESTEE LAUDER   21,797,523 0-200.0 3.1 No Change 6,034,426 0 00.8 
EW SCRIPPS ***   0 0-200.0 -3.0 No Change 0 0 0-3.0 
EXELON   33,900,000 16,482,486105.7 1.2 Decrease 0 0 0-3.0 
EXXON MOBIL***   106,499,770 106,500,0000.0 0.2 Increase 7,725,000 0 00.0 
FEDERATED INVESTORS   900,000 750,90019.9 0.3 No Change 5,000 0 00.0 
FEDEX   24,000,000 0-200.0 0.7 Increase 4,000,000 0 00.1 
FIRST HORIZON NATIONAL   0 6,239,877-200.0 -3.0 Decrease 0 888,025 0-3.0 
FREDDIE MAC***   6,967,154 34,000,000-79.5 0.3 No Change 0 0 0-3.0 
FREEPORT-MCMORAN COPPER & GOLD   55,179,000 21,635,415155.0 2.0 Increase 79,000 53,491 480.0 
GANNETT   12,654,000 13,900,000-9.0 0.7 No Change 42,249,000 38,034,000 112.5 
GAP   14,031,253 8,579,99963.5 1.1   4,700,000 25,731,000 -820.4 
GENERAL ELECTRIC   100,900,000 81,000,00024.6 0.4 Increase 57,500,000 36,000,000 600.2 
GENERAL MILLS ***   61,000,000 60,300,0001.2 3.6 Increase 17,300,000 22,000,000 -211.0 
GENERAL MOTORS   12,400,000 51,200,000-75.8 -3.0 No Change 12,900,000 17,200,000 -25-1.0 
GENZYME   11,000,000 5,500,000100.0 -3.0 Increase 83,000,000 46,200,000 80-1.0 
GOLDMAN SACHS   0 10,200,000-200.0 -3.0   0 0 0-3.0 
HALLIBURTON   4,920,796 4,812,4332.3 0.1 No Change 360,103,819 227,115,195 5910.4 
HARLEY-DAVIDSON   3,000,000 0-200.0 0.2 No Change 800,000 0 00.0 
HARRAH'S ENTERTAINMENT   76,800,000 0-200.0 9.2 Increase 431,141 0 00.1 
HARTFORD FINANCIAL SERVICES GROUP   7,200,000 5,603,75328.5 0.2 No Change 0 0 0-3.0 
HASBRO   4,179,365 4,396,641-4.9 1.2 Increase 7,341,399 8,335,873 -122.1 
HESS   5,529,015 0-200.0 0.1 No Change 0 0 0-3.0 
HEWLETT-PACKARD   17,500,000 61,600,000-71.6 0.2 No Change 28,100,000 45,000,000 -380.4 
HILTON HOTELS   5,000,000 10,000,000-50.0 0.6 No Change 0 0 0-3.0 
HOME DEPOT ***   28,268,831 35,500,000-200.0 0.3 No Change 9,413,207 0 00.1 
HOST HOTELS & RESORTS   490,000 0-200.0 0.1 No Change 9,000 0 00.0 
HUMANA   7,503,610 6,927,7138.3 1.0 No Change 0 0 0-3.0 
IMS HEALTH   750,000 0-200.0 0.2 Increase 3,000,000 0 00.7 
INTEGRYS ENERGY GROUP   2,400,000 0-200.0 1.2 No Change 30,000 0 00.0 
INTEL***   68,945,599 79,443,266-13.2 1.0 No Change 6,396,953 18,363,559 -650.1 
INTERNATIONAL BUSINESS MACHINES   48,800,000 28,200,00073.0 0.4 No Change 103,300,000 115,500,000 -110.8 
INTERNATIONAL GAME TECHNOLOGY   5,000,000 4,000,00025.0 0.7 No Change 75,000 50,000 500.0 
INTERNATIONAL PAPER   12,000,000 8,878,00035.2 0.4 Increase 0 0 0-3.0 
J. C. PENNEY   9,935,000 0-200.0 0.6 Increase 3,236,000 0 00.2 
JANUS CAPITAL GROUP   1,962,423 3,022,819-35.1 0.8 No Change 0 0 0-3.0 
JOHNSON & JOHNSON   125,400,000 121,800,0003.0 0.9 No Change 419,400,000 407,000,000 32.9 
JOHNSON CONTROLS   9,052,000 6,300,00058.7 0.8 Increase 0 0 0-3.0 
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* fiscal year
** Walt Disney would not separate cash and in-kind giving
** Altria/Kraft have overlapping giving (Altria owned Kraft for the giving period, but Kraft is now a separate entity)
*** Company may not have reported according to our methodology in the past.
**** AT&T as merged entity with SBC Communications

Data: Company reports, Standard & Poor's


Methodology: We surveyed companies in the Standard & Poor's 500 stock-index to measure the amount spent on philanthropic activities, and 200 responded. For in-kind gifts, companies have some leeway in how to value donations. With cash, it may go directly to a recipient or to a company's foundation. For gifts to a foundation, we count money when it's donated--not when it flows out in grants. The exception is with "pass-through" foundations, where all the money put in flows out in the same fiscal year. Where we found companies counting foundation grants as new money, we tried to separate out grants.