“Corporate philanthropy” may sound like an oxymoron to some, yet according to a Fortune article, twenty Fortune 500 companies are demonstrating that deep private-sector investment in charitable causes might not be so farfetched. The top-20 list spotlights the usual suspects like Wal-Mart, Bank of America, and Google’s new holding company, Alphabet, and breaks down each entity’s percentage of giving and total cash contributions, as made available. Philanthropy in the for-profit world has long been a topic of interesting debate. As NPQpointed out in 2014, the idea of companies being responsible for anything other than their bottom lines has drawn criticism from economists and shareholders alike. More information is available here.
Source: Non Profit Quarterly
