Connect with us

General

10 of the companies that give the most to charity in the US – Finance – Pulselive.co.ke

Published

on

Loading...

[ad_1]

  • Charity is part of the missions of some of the biggest companies in the US.
  • In 2017, donations to charity reached an all time high in the US, with an estimated $410 billion investments towards philanthropic efforts.
  • Nearly 5% of the total came from large US corporations like Wells Fargo & Company, Goldman Sachs Group, and Google.
  • Here’s 10 of the US companies that give the most to charity.

Here’s something to feel good about: Total charitable giving in the United States reached record levels in 2017, with an estimated $410 billion donated to various causes by groups and individuals, according to Charity Navigator.

Of that total, 5% — or nearly $21 billion — came from corporations, up 8% from the previous year.

Here’s a look at some of the US companies that donate the most to charity.

1. Gilead Sciences leads the pack in charitable giving for 2017


Gilead Sciences donated the most money to charity in 2017 of the companies surveyed by the Chronicle of Philanthropy.play

Gilead Sciences donated the most money to charity in 2017 of the companies surveyed by the Chronicle of Philanthropy.

(Eric Risberg/Associated Press)

Biotech firm Gilead Sciences donated the most money to charitable causes in 2017 — $388 million — according to the Chronicle of Philanthropy’s survey of charitable giving by major US companies in 2017.

Considering that the company’s annual pretax profit is $13.5 billion, its giving takes up 2.9% of said profit, the Chronicle survey states.

According to a 2016 report by Fortune, the company generally gives cash grants to health-related projects, such as the nonprofit Liver Foundation.

2. Wells Fargo & Company gives back locally and nationally


Wells Fargo donated $287 million in 2017.play

Wells Fargo donated $287 million in 2017.

(Ben Margot/Associated Press)

Wells Fargo & Company came in second for 2017 giving, donating $287 million in cash of its $27.4 billion pretax profit, or 1%, according to the Chronicle of Philanthropy.

According to BusinessWire, in 2017, Wells Fargo donated to more than 14,500 non-profits, and employees volunteered 2 million hours. Highlights of the company’s charitable efforts included $28 million donated to veterans and military service members, $45 million in down-payment assistance and other home-buying resource through NeighborWorks, and $10.6 million to the American Red Cross.

In 2019, the company plans to use 2% of its after-tax profits for philanthropy, BusinessWire reported.

3. Goldman Sachs Group has increased its giving since 2007


In 2017, Goldman Sachs Group donated $280 million to charitable causes.play

In 2017, Goldman Sachs Group donated $280 million to charitable causes.

(Mark Lennihan/Associated Press)

In 2017, Goldman Sachs Group gave $280 million in cash to charity. That’s 2.5% of its $11.1 billion pretax profit, Chronicle of Philanthropy reported.

Their charitable missions include 10,000 Women, which provides education, funding, and other resources to women entrepreneurs around the world, and 10,000 Small Businesses, which invests money and resources in people running small businesses.

4. Google gives back via Google.org, its philanthropic arm


The Action Against Hunger 2015 Benefit Gala. Google is a partner and funder for this charity.play

The Action Against Hunger 2015 Benefit Gala. Google is a partner and funder for this charity.

(Cindy Ord/Getty Images for Action Against Hunger)

Google donated $255 million in cash to charity in 2017, which is 0.9% of its $27.2 billion pretax profit for the year, according to the Chronicle of Philanthropy.

In 2017, Google announced that it plans to give $1 billion in grants and contribute one million volunteer hours over a five-year period, according to Philanthropy News Digest. The charitable work will focus on “education, economic opportunity, and inclusion.”

5. JPMorgan Chase & Company supports financial initiatives


JPMorgan Chase donated 0.7% of its $35.9 billion pretax profit in 2017.play

JPMorgan Chase donated 0.7% of its $35.9 billion pretax profit in 2017.

(Mark Lennihan/Associated Press)

According to the Chronicle of Philanthropy, JP Morgan Chase & Company donated $250 million in cash to philanthropic causes in 2017 — 0.7% of its $35.9 billion pretax profit.

In January 2018, JP Morgan Chase announced a commitment to boosting philanthropic efforts by 40% in the next five years, Philanthropy News Digest reported.

The total of $1.75 billion in charitable investments will focus on economic revitalization in underserved neighborhoods, increasing support for the Entrepreneurs of Color Fund, and providing job training to those in need.

Loading...

6. Johnson & Johnson focuses on health-related causes locally and globally

Related content

Johnson & Johnson, in 2017, donated $227 million in cash to charity, according to the Chronicle of Philanthropy. Of its $17.7 billion pretax profit, that’s 1.3%.

The medical devices, pharmaceutical, and consumer packaged goods manufacturing company supports health-related causes via global and community-based partnerships, such as the C40 Cities Climate Leadership Group, according to its website.

7. Pfizer donates funds to support health-related causes


Pfizer donated $210 million to charity in 2017.play

Pfizer donated $210 million to charity in 2017.

(Mark Lennihan/Associated Press)

In 2017, Pfizer donated 1.7% of its $12.3 billion pretax profit, which equals $210 million in cash, according to the Chronicle of Philanthropy.

The pharmaceutical giant provides grants for health-related causes, including the International Trachoma Initiative, which works to eradicate the blindness-causing eye infection.

8. ExxonMobil focuses on three main areas with its giving


Education, malaria prevention, and economic opportunities for women have been the targets of ExxonMobil's charitable donations.play

Education, malaria prevention, and economic opportunities for women have been the targets of ExxonMobil’s charitable donations.

(Reed Saxon/Associated Press)

ExxonMobil, which takes the ninth spot on the Fortune Global 500 of the biggest companies in the world (based on 2017 revenues and profits), donated $204 million in cash in 2017, according to the Chronicle of Philanthropy. That’s 1.1% of its $18.7 billion pretax profit.

The oil and gas company focuses on three areas with its giving: education, malaria prevention, and economic opportunities for women, according to a 2016 report in Fortune. It has worked with the international women’s group Vital Voices and the Medicines for Malaria Venture.

9. Bank of America funds workforce education, community development, and more


Bank of America donated $181 million to charity in 2017.play

Bank of America donated $181 million to charity in 2017.

(Paul Sakuma/Associated Press)

According to the Chronicle of Philanthropy, Bank of America ponied up $181 million in cash to charitable causes in 2017, which is 0.6% of its $29.2 billion pretax profit.

Since the 2008 recession, the financial firm has concentrated its giving on basic needs and economic mobility by funding community development, workforce education, and hunger and other urgent needs, according to Fortune. In the past, it has worked with Feeding America to battle hunger.

10. Microsoft Corporation works with more than 200,000 nonprofits


In 2017, Microsoft made a $25 million commitment to the Markle Foundation’s Skillful program.play

In 2017, Microsoft made a $25 million commitment to the Markle Foundation’s Skillful program.

(David Ramos/Getty Images)

In 2017, Microsoft Corporation gave $169 million cash to charity — or 0.7% of its $23.1 billion pretax profit, according to the Chronicle of Philanthropy.

Via its Microsoft Philanthropies arm, the tech giant works with more than 200,000 nonprofits and has donated more than $1.4 billion in cash grants and technology (as of February 2018), according to a LinkedIn article by Mary Snapp, corporate vice president and lead for Microsoft Philanthropies.

According to the article, in 2017, Microsoft made a $25 million commitment — one of its biggest philanthropic investments — to the Markle Foundation’s Skillful program, which identifies the most in-demand skills for employers and trains people in them.



[ad_2]

Loading...
Continue Reading

General

Public officers above 58 years and with pre-existing conditions told to work from home: The Standard

Published

on

Loading...

Head of Public Service Joseph Kinyua. [File, Standard]
In a document from Head of Public Service, Joseph Kinyua new measure have been outlined to curb the bulging spread of covid-19. Public officers with underlying health conditions and those who are over 58 years -a group that experts have classified as most vulnerable to the virus will be required to execute their duties from home.

Loading...

However, the new rule excluded personnel in the security sector and other critical and essential services.
“All State and public officers with pre-existing medical conditions and/or aged 58 years and above serving in CSG5 (job group ‘S’) and below or their equivalents should forthwith work from home,” read the document,” read the document.
To ensure that those working from home deliver, the Public Service directs that there be clear assignments and targets tasked for the period designated and a clear reporting line to monitor and review work done.
SEE ALSO: Thinking inside the cardboard box for post-lockdown work stations
Others measures outlined in the document include the provision of personal protective equipment to staff, provision of sanitizers and access to washing facilities fitted with soap and water, temperature checks for all staff and clients entering public offices regular fumigation of office premises and vehicles and minimizing of visitors except by prior appointments.
Officers who contract the virus and come back to work after quarantine or isolation period will be required to follow specific directives such as obtaining clearance from the isolation facility certified by the designated persons indicating that the public officer is free and safe from Covid-19. The officer will also be required to stay away from duty station for a period of seven days after the date of medical certification.
“The period a public officer spends in quarantine or isolation due to Covid-19, shall be treated as sick leave and shall be subject to the Provisions of the Human Resource Policy and procedures Manual for the Public Service(May,2016),” read the document.
The service has also made discrimination and stigmatization an offence and has guaranteed those affected with the virus to receive adequate access to mental health and psychosocial supported offered by the government.
The new directives targeting the Public Services come at a time when Kenyans have increasingly shown lack of strict observance of the issued guidelines even as the number of positive Covid-19 cases skyrocket to 13,771 and leaving 238 dead as of today.
SEE ALSO: Working from home could be blessing in disguise for persons with disabilities
Principal Secretaries/ Accounting Officers will be personally responsible for effective enforcement and compliance of the current guidelines and any future directives issued to mitigate the spread of Covid-19.

Loading...
Continue Reading

General

Uhuru convenes summit to review rising Covid-19 cases: The Standard

Published

on

Loading...

President Uhuru Kenyatta (pictured) will on Friday, July 24, meet governors following the ballooning Covid-19 infections in recent days.
The session will among other things review the efficacy of the containment measures in place and review the impact of the phased easing of the restrictions, State House said in a statement.
This story is being updated.
SEE ALSO: Sakaja resigns from Covid-19 Senate committee, in court tomorrow

Loading...
Continue Reading

General

Drastic life changes affecting mental health

Published

on

Loading...

Kenya has been ranked 6th among African countries with the highest cases of depression, this has triggered anxiety by the World Health Organization (WHO), with 1.9 million people suffering from a form of mental conditions such as depression, substance abuse.

KBC Radio_KICD Timetable

Globally, one in four people is affected by mental or neurological disorders at some point in their lives, this is according to the WHO.

Currently, around 450 million people suffer from such conditions, placing mental disorders among the leading causes of ill-health and disability worldwide.

The pandemic has also been known to cause significant distress, mostly affecting the state of one’s mental well-being.

Get breaking news on your Mobile as-it-happens. SMS ‘NEWS’ to 20153

With the spread of the COVID-19 pandemic attributed to the novel Coronavirus disease, millions have been affected globally with over 14 million infections and half a million deaths as to date. This has brought about uncertainty coupled with difficult situations, including job loss and the risk of contracting the deadly virus.

In Kenya the first Coronavirus case was reported in Nairobi by the Ministry of Health on the 12th March 2020.  It was not until the government put in place precautionary measures including a curfew and lockdown (the latter having being lifted) due to an increase in the number of infections that people began feeling its effect both economically and socially.

A study by Dr. Habil Otanga,  a Lecturer at the University of Nairobi, Department of Psychology says  that such measures can in turn lead to surge in mental related illnesses including depression, feelings of confusion, anger and fear, and even substance abuse. It also brings with it a sense of boredom, loneliness, anger, isolation and frustration. In the post-quarantine/isolation period, loss of employment due to the depressed economy and the stigma around the disease are also likely to lead to mental health problems.

The Kenya National Bureau of Statistics (KNBS) states that at least 300,000 Kenyans have lost their jobs due to the Coronavirus pandemic between the period of January and March this year.

KNBC noted that the number of employed Kenyans plunged to 17.8 million as of March from 18.1 million people as compared to last year in December. The Report states that the unemployment rate in Kenya stands at 13.7 per cent as of March this year while it stood 12.4 per cent in December 2019.

Loading...

Mama T (not her real name) is among millions of Kenyans who have been affected by containment measures put in place to curb the spread of the virus, either by losing their source of income or having to work under tough guidelines put in place by the MOH.

As young mother and an event organizer, she has found it hard to explain to her children why they cannot go to school or socialize freely with their peers as before.

“Sometimes it gets difficult as they do not understand what is happening due to their age, this at times becomes hard on me as they often think I am punishing them,”

Her contract was put on hold as no event or public gatherings can take place due to the pandemic. This has brought other challenges along with it, as she has to find means of fending for her family expenditures that including rent and food.

“I often wake up in the middle of the night with worries about my next move as the pandemic does not exhibit any signs of easing up,” she says. She adds that she has been forced to sort for manual jobs to keep her family afloat.

Ms. Mary Wahome, a Counseling Psychologist and Programs Director at ‘The Reason to Hope,’ in Karen, Nairobi says that such kind of drastic life changes have an adverse effect on one’s mental status including their family members and if not addressed early can lead to depression among other issues.

“We have had cases of people indulging in substance abuse to deal with the uncertainty and stress brought about by the pandemic, this in turn leads to dependence and also domestic abuse,”

Sam Njoroge , a waiter at a local hotel in Kiambu, has found himself indulging in substance abuse due to challenges he is facing after the hotel he was working in was closed down as it has not yet met the standards required by the MOH to open.

“My day starts at 6am where I go to a local pub, here I can get a drink for as little as Sh30, It makes me suppress the frustration I feel.” he says.

Sam is among the many who have found themselves in the same predicament and resulted to substance abuse finding ways to beat strict measures put in place by the government on the sale of alcohol so as to cope.

Mary says, situations like Sam’s are dangerous and if not addressed early can lead to serious complications, including addiction and dependency, violent behavior and also early death due to health complications.

She has, however, lauded the government for encouraging mental wellness and also launching the Psychological First Aid (PFA) guide in the wake of the virus putting emphasis on the three action principal of look, listen and link. “When we follow this it will be easy to identify an individual in distress and also offer assistance”.

Mary has urged anyone feeling the weight of the virus taking a toll on them not to hesitate but look for someone to talk to.

“You should not only seek help from a specialist but also talk to a friend, let them know what you are undergoing and how you feel, this will help ease their emotional stress and also find ways of dealing with the situation they are facing,” She added

Mary continued to stress on the need to perform frequent body exercises as a form of stress relief, reading and also taking advantage of this unfortunate COVID-19 period to engage in hobbies and talent development.

“Let people take this as an opportunity to kip fit, get in touch with one’s inner self and  also engage in   reading that would  help expand their knowledge.

Loading...
Continue Reading

Trending