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	0	0.2
ABBOTT	35,000,000	30,000,000	16.7	1.5	Increase	265,000,000	270,000,000	-2	11.6
ADOBE SYSTEMS	6,627,619	5,083,580	30.4	1.0	No Change	24,385,714	2,902,362	740	3.6
AFLAC	4,601,749	5,795,650	-20.6	0.2	Increase	250,000	109,506	128	0.0
ALCOA	15,425,314	28,225,828	-45.4	0.4	Increase	0	556,770	0	-3.0
ALTRIA GROUP**	132,140,372	113,354,016	16.6	0.8	Decrease	68,045,920	66,835,133	2	0.4
AMBAC	850,000	704,000	20.7	0.1	Increase	7,000	7,000	0	0.0
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	5,305,369	16.4	0.7	No Change	76,728	52,820	45	0.0
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	0	0.0
AT&T****	45,802,253	0	-200.0	0.4	Increase	68,375	0	0	0.0
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	0	1.6
BANK OF AMERICA	200,000,000	108,000,000	85.2	0.6	No Change	0	0	0	-3.0
BAXTER INTERNATIONAL	16,500,000	7,200,000	129.2	0.9	No Change	14,800,000	7,800,000	90	0.8
BECTON DICKINSON	6,000,000	4,100,000	46.3	0.6	Increase	2,600,000	4,300,000	-40	0.3
BEST BUY	24,091,553	18,817,944	28.0	1.1	No Change	1,000,000	0	0	0.0
BIOGEN IDEC	9,200,000	8,300,000	10.8	1.8	No Change	100,000,000	65,000,000	54	20.0
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	64,374,589	24.7	3.0	Decrease	445,000,000	601,909,558	-26	16.9
C. R. BARD	2,600,000	0	-200.0	0.7	No Change	760,000	0	0	0.2
CA	7,000,000	11,977,192	-41.6	4.5	No Change	1,000,000	982,644	2	0.6
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	0	0.1
CHARLES SCHWAB	3,066,604	1,924,691	59.3	0.2	Increase	20,884	22,021	-5	0.0
CHEVRON	90,852,484	63,800,000	42.4	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	33,400,000	46.7	0.5	Increase	39,400,000	19,800,000	99	0.4
CIT	0	0	-200.0	-3.0	Increase	0	0	0	-3.0
CITIGROUP	131,172,461	111,284,462	17.9	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	400	0.1
COMPANY	5,295,459	4,094,143	29.3	0.7	No Change	10,600,000	4,911,620	116	1.4
COCA-COLA CO.	52,594,355	67,218,705	-21.8	0.8	No Change	16,992,056	302,549	5,516	0.3
COCA-COLA ENTERPRISES	28,200,000	10,300,000	173.8	-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	37,080,101	36.3	0.2	Increase	2,000,000	0	0	0.0
CONSOLIDATED EDISON	10,477,000	7,000,000	49.7	0.9	No Change	2,000,000	2,200,000	-9	0.2
CONSTELLATION BRANDS	1,000,000	0	-200.0	0.2	Increase	100,000	0	0	0.0
CONVERGYS	700,000	0	-200.0	0.3	Decrease	0	0	0	-3.0
CORNING	33,082,000	18,325,459	80.5	1.7	Increase	0	0	0	-3.0
COSTCO WHOLESALE	15,370,856	0	-200.0	0.9	Increase	602,863	0	0	0.0
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	0	0.5
DEVON ENERGY	10,000,000	0	-200.0	0.2	Increase	100,000	0	0	0.0
DOW CHEMICAL	27,900,000	0	-200.0	0.6	Increase	2,000,000	0	0	0.0
DTE ENERGY	7,500,000	6,800,000	10.3	2.3	No Change	500,000	300,000	67	0.2
DUPONT	18,677,297	23,348,000	-20.0	0.6	No Change	4,060,728	523,281	676	0.1
EASTMAN CHEMICAL	350,000	2,421,862	-85.5	0.1	Increase	0	0	0	-3.0
EATON	6,263,000	4,471,000	40.1	0.6	Increase	29,038	25,000	16	0.0
EBAY	4,010,828	0	-200.0	0.3	Increase	0	0	0	-3.0
ECOLAB	4,265,235	3,500,000	21.9	0.8	Increase	1,500,000	150,000	900	0.3
EDISON INTERNATIONAL	9,920,746	6,192,091	60.2	0.5	No Change	404,000	607,909	-34	0.0
ELECTRONIC DATA SYSTEMS	3,724,311	4,005,018	-7.0	0.5	No Change	1,481,957	300,106	394	0.2
ELI LILLY	57,000,000	71,281,235	-20.0	1.7	Decrease	363,000,000	337,982,450	7	10.6
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	0	0.0
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	0	0.8
EW SCRIPPS ***	0	0	-200.0	-3.0	No Change	0	0	0	-3.0
EXELON	33,900,000	16,482,486	105.7	1.2	Decrease	0	0	0	-3.0
EXXON MOBIL***	106,499,770	106,500,000	0.0	0.2	Increase	7,725,000	0	0	0.0
FEDERATED INVESTORS	900,000	750,900	19.9	0.3	No Change	5,000	0	0	0.0
FEDEX	24,000,000	0	-200.0	0.7	Increase	4,000,000	0	0	0.1
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	21,635,415	155.0	2.0	Increase	79,000	53,491	48	0.0
GANNETT	12,654,000	13,900,000	-9.0	0.7	No Change	42,249,000	38,034,000	11	2.5
GAP	14,031,253	8,579,999	63.5	1.1		4,700,000	25,731,000	-82	0.4
GENERAL ELECTRIC	100,900,000	81,000,000	24.6	0.4	Increase	57,500,000	36,000,000	60	0.2
GENERAL MILLS ***	61,000,000	60,300,000	1.2	3.6	Increase	17,300,000	22,000,000	-21	1.0
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	5,500,000	100.0	-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	4,812,433	2.3	0.1	No Change	360,103,819	227,115,195	59	10.4
HARLEY-DAVIDSON	3,000,000	0	-200.0	0.2	No Change	800,000	0	0	0.0
HARRAH'S ENTERTAINMENT	76,800,000	0	-200.0	9.2	Increase	431,141	0	0	0.1
HARTFORD FINANCIAL SERVICES GROUP	7,200,000	5,603,753	28.5	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	-12	2.1
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	-38	0.4
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	0	0.1
HOST HOTELS & RESORTS	490,000	0	-200.0	0.1	No Change	9,000	0	0	0.0
HUMANA	7,503,610	6,927,713	8.3	1.0	No Change	0	0	0	-3.0
IMS HEALTH	750,000	0	-200.0	0.2	Increase	3,000,000	0	0	0.7
INTEGRYS ENERGY GROUP	2,400,000	0	-200.0	1.2	No Change	30,000	0	0	0.0
INTEL***	68,945,599	79,443,266	-13.2	1.0	No Change	6,396,953	18,363,559	-65	0.1
INTERNATIONAL BUSINESS MACHINES	48,800,000	28,200,000	73.0	0.4	No Change	103,300,000	115,500,000	-11	0.8
INTERNATIONAL GAME TECHNOLOGY	5,000,000	4,000,000	25.0	0.7	No Change	75,000	50,000	50	0.0
INTERNATIONAL PAPER	12,000,000	8,878,000	35.2	0.4	Increase	0	0	0	-3.0
J. C. PENNEY	9,935,000	0	-200.0	0.6	Increase	3,236,000	0	0	0.2
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	121,800,000	3.0	0.9	No Change	419,400,000	407,000,000	3	2.9
JOHNSON CONTROLS	9,052,000	6,300,000	58.7	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.