15 Most Philanthropic Companies in the World!
Corporate philanthropy can include funding non-profits, sponsoring community initiatives, and supporting social causes with the goal of making the world a better place.
While this is a pretty standard practice today, some corporations are significantly more committed to their philanthropic endeavors than others. These companies have provided various examples of corporate generosity, including grants, in-kind donations, and financial contributions.
Are you intrigued by learning more? Take a peek at our list of the Philanthropic Companies in the World.
List of Most Philanthropic Companies in the World
The following is a list of the Most Philanthropic Companies in the World:
1. TOMS
This Philanthropic Companies in the World is committed to making a difference for the better.
As a B-Corporation, the company promotes openness and accountability and has made significant steps to assist individuals in need for every product sold. As a matter of fact, TOMS contributes one-third of their income to grassroots organizations and non-profits in an effort to promote grassroots change. The organization invests in three crucial areas: mental health promotion, the elimination of gun violence, and expanding access to opportunity.
Since 2011, TOMS, in partnership with Save the Children, has provided approximately one million pairs of shoes for every pair of shoes purchased.
2. Build-A-Bear
Over the years, the Build-A-Bear Foundation has donated over $50 million to support local charities and organizations, in addition to forming other charity collaborations. Build-A-Bear also gives in-kind donations, donating 65,000 teddy bears to children’s organizations since 2016.
During the COVID-19 pandemic, this Philanthropic Companies in the World company donated more than 120,000 protective masks to healthcare workers and funds to a number of organizations, including the St. Louis Community Foundation, the Columbus Foundation, the American Red Cross, and Baby2Baby, to support their COVID-19 relief efforts.
In addition, the company encourages its employees to give back to their communities by providing paid time off to participate in volunteer projects.
3. Nike
Between 2015 and 2019, the Nike Community Impact Fund (NCIF) funded approximately $400 million to support organizations that improve communities and address challenges such as education, leadership development, coaching, youth empowerment, and mentoring.
Nike’s Made to Play global project is a praiseworthy effort to encourage more children to be physically active. Nike collaborates with local partners to enhance girls’ sports participation and coach training, particularly in underserved communities.
The corporation invested approximately $23.2 million in this program and over $89.8 million in its impact portfolio activities during fiscal year 2020.It is also among the Philanthropic Companies in the World.
4. Free People
Numerous relationships between Free People and non-profit and non-governmental groups have been established.
These consist of:
- Girls Inc. – Donating 1 percent of all activewear sales, having donated over $1 million over the preceding five years.
- At the commencement of COVID-19, over 1,600 meals were donated by Philabundance to families in need in Philadelphia.
- Best Friends Animal Society: Donated more than $180,000 over the past three years and distributed their dog shampoo product to all of its lifesaving clinics.
In an effort to restore and preserve America’s national parks, the popular retail company has pledged $100,000 to the National Park Foundation (NPF) in 2020. Free People also contributes $0.10 from each transaction to the National Park Foundation when customers forego or re-use a reusable cloth FP shopping bag.
5. ThriftBooks
Another Philanthropic Companies in the World is ThriftBooks and it focuses on three pillars of social responsibility: philanthropic contribution, literacy, and environmental effect.
This Philanthropic Companies in the World have donated over $100 million to their charity partners over the past decade by purchasing reading materials. ThriftBooks also collaborates with non-profit organizations to develop worldwide literacy programs and provides assistance to underserved communities through book donations and volunteer effort.
In the meantime, books and other non-charitable goods are delivered to recycling plants, where each ton of 100% post-consumer copy paper saves 24 trees, 7,000 gallons of water, 4,100 kilowatt-hours of power, and 60 pounds of air pollution.
6. Cotopaxi
This outdoor apparel and equipment manufacturer has a substantial record of philanthropic and humanitarian efforts.
As a certified B Corporation, its primary aim is to reduce world poverty. To do this, Cotopaxi donates 1% of its annual income to the Cotopaxi Foundation, which awards grants to a variety of non-profit organizations, including:
- International Rescue Committee
- Fundación Escuela Nueva
- UN Foundation – Nothing But Nets
- Mercy Corps
Cotopaxi is also committed to sustainable and ethical production practices and is Climate Neutral Certified.
7. Ben & Jerry’s
Since its founding in 1978, the renowned ice cream firm has placed a great deal of importance on social movements. From climate justice to refugee rights to LGBTQ+ rights, Ben & Jerry’s has sponsored efforts that promote progressive systemic social change, such as climate justice, refugee rights, and LGBTQ+ rights. It is also a B Corporation.
The Ben & Jerry’s Foundation primarily supports communities in Vermont, where the company is headquartered, but also offers a national grant program to support grassroots organizations and movements throughout the United States. The charity has provided nearly $50 million to far. In addition, the corporation has committed 7.5% of its annual income to its foundation.However, it is also regarded as one of the most Philanthropic Companies in the World.
8. Google
The multinational technology corporation concentrates its charitable efforts on assisting local, national, and international communities. Each year, its Google Dot Org foundation provides more than $100 million in grants, $1 billion in products, and 80,000 hours of volunteer time.
In addition, the company helps global communities by providing grants and disaster relief, as well as seed funding for ambitious entrepreneurs in developing nations.
Google Ad Grants is another program created by Google to assist non-profit organizations by increasing website traffic.
In addition, it is important to note that this Philanthropic Companies in the World has a match program in which it matches between $50 and $12,000 in donations per employee per year, as well as money employees raise for charitable events.
9. The Walt Disney Company
Disney has a longstanding commitment to building communities and assisting disadvantaged families and children.
In 2021, Disney’s charity contributions to underrepresented communities, environmental activities, and disadvantaged children and families reached $294 million.
Since 1980, Disney has collaborated with the Make-A-Wish Foundation to grant more than 145,000 wishes of children with life-threatening illnesses. Additionally, the corporation has implemented several initiatives, such as the “Share Your Ears Campaign,” to generate funds and provide additional assistance to Make-A-Wish organizations.
In addition, the company provides Disney World tickets to non-profits to promote fundraising activities, donor incentives, and competitions, while also distributing books to children through First Book, a non-profit organization. In reality, Disney celebrated the donation of its 75 millionth book in 2020 as part of its annual Magic of Storytelling program.
10. Starbucks
The Starbucks Foundation serves local, national, and international communities by distributing grants to non-profit organizations. Starbucks supports projects across the globe, such as youth empowerment, inclusivity, hunger alleviation, and economic opportunity.
Among its four primary initiatives are:
Neighborhood grants: Encouragement partner organizations may propose a local non-profit group to receive funding for their volunteer activity.
Disaster response: Supporting projects that aid people in emergency situations and communities affected by catastrophes. In 2020, Starbucks contributed $100,000 to Lebanon’s disaster relief efforts and nearly $9 million in response to COVID-19.
International giving: Investing in global efforts that respond to concerns within local communities in order to provide relief and support internationally.
Origin grants: Assisting tea- and coffee-growing communities, with a focus on those that support women and girls. Starbucks has pledged to invest in 250,000 women and girls by the year 2025.
The Starbucks Foundation announced in 2022 that it will contribute $30 million to the Global Community Impact Grants initiative by 2030. This Philanthropic Companies in the World aims to promote good change in the communities in which Starbucks works worldwide.
11. Microsoft
Microsoft’s charitable efforts are numerous.
The internet giant has contributed about $410 million in cash, technology, and other resources to assist COVID-19 response activities as of 2021. Microsoft also donated $510 million of its $750 million affordable housing promise in the same year, contributing to the creation of nearly 7,500 housing units near its Washington headquarters, and offered $43 million in investment via Microsoft TechSpark.
In addition, over $2.5 billion in donated or subsidized technology was given to non-profit groups across the globe, and Microsoft workers donated over $214 million to charity, which the firm matched dollar-for-dollar.
12. Patagonia
Patagonia’s business endeavors have always been predicated on sustainability. Consequently, the focus of their philanthropy is on helping environmental groups and activities.
This Philanthropic Companies in the World primarily offers grants ranging from $5,000 to $20,000 to grassroots organizations whose mission is to address the environmental crisis. The company has contributed over $89 million in cash and in-kind donations.
Patagonia has also committed 1% of its sales to the preservation and restoration of natural environments, and its founder, Yvon Chouinard, along with Craig Mathews, founded the non-profit organization 1% for the Planet to encourage other companies to do the same.
13. Goldman Sachs
Through the Goldman Sachs Gives program, the worldwide investment banking behemoth has donated more than $2 billion to help communities, small businesses, and new ideas. As a public charity, the Goldman Sachs Philanthropy Fund also distributes philanthropic donations to a variety of causes at the contributors’ express request.
As part of its “One Million Black Women” initiative, which aims to enhance the lives of at least one million Black women by 2030, the Goldman Sachs Foundation announced in 2022 that it would award up to $250,000 to 50 organizations led by Black women.
14. Gilead Sciences
The biopharmaceutical titan supports local communities, non-profit groups, and social projects through the Gilead Foundation. The corporation has pledged $200 million in 2021 and $85 million in 2022 to help these causes. Through its “Giving Together” program, the foundation additionally matches employee donations and contributions to eligible organizations.
In addition, Funders Concerned About AIDS (FCAA) named Gilead Sciences the leading philanthropy funder of HIV programs in 2022, following its $100 million promise. Gilead Sciences was also voted #1 in other categories, such as corporate funding, funding of COVID-19, and funding of Black, Indigenous, and people of color communities in the United States.
15. The Coca-Cola Company
Through the Coca-Cola Foundation, the world’s top beverage company has awarded more than $1 billion in grants to promote sustainable community initiatives throughout the world. In actuality, Coca-Cola invested 2% of its operational income back into local communities in 2021, exceeding its annual goal of 1%.
This Philanthropic Companies in the World has provided entrepreneurial skills-based education and training to 1.2 million women, helping to lift them out of poverty, created access to clean water for more than 32 million people across the globe, supported communities following natural and man-made disasters, and educated more than 10,000 first-generation college students.
FAQs On Philanthropic Companies in the World
Who is World No 1 philanthropist?
Jamsetji Tata is the world's biggest philanthropist of the last century with donations worth $102.4 billion, much ahead of Bill Gates, Warren Buffett and more.
Which company donates the most to charity in world?
Google. The multinational tech company focuses its charitable efforts to help local, national and global communities. Its Google Dot Org foundation donates over $100 million in grants, $1 billion in products and 80,000 volunteer hours each year.
What is the difference between charity and philanthropy?
Philanthropy is more long-term and strategic and often involves making multiple gifts to help people over a number of years. While charity is focused on providing immediate relief to people and is often driven by emotions, philanthropy is focused on helping people and solving their problems over the long-term.
What qualifies you as a philanthropist?
A philanthropist is a person who donates time, money, experience, skills or talent to help create a better world. Anyone can be a philanthropist, regardless of status or net worth.
Conclusion
These corporations have exemplified what corporate philanthropy should look like.
It is evident that their dedication to philanthropic causes, grassroots groups, and community support has led to widespread improvement.
Which of these charitable organizations impresses you the most? Share your thoughts in the comment area below!
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