In this article, we discuss the 5 most charitable companies in 2022. If you want to read the details about corporate and individual charitable practices and global charity statistics, go directly to the 22 Most Charitable Companies in 2022.
5. Walmart Inc. (NYSE:WMT)
Walmart Inc. (NYSE:WMT) works through the Walmart Foundation to make charitable contributions. In 2021, the company contributed over $1.5 billion toward its philanthropic endeavors. Walmart Inc. (NYSE:WMT) is highly focused on creating racial equity.
Walmart Inc. (NYSE:WMT) also gives out local community grants which are provided directly by the company and its subsidiary, Sam’s Club. The local community grants are awarded through open applications and range from $250 to $5000. Walmart Inc. (NYSE:WMT) offers these grants to local organizations in the United States.
4. Wells Fargo & Company (NYSE:WFC)
Wells Fargo & Company (NYSE:WFC) is an avid supporter of small businesses and has donated around $420 million to help small business remain open with its Open for Business Fund.
For Housing Affordability Breakthrough Challenge, Wells Fargo & Company (NYSE:WFC) provided close to $2.5 million in grants to support affordable housing solutions in 2020. The firm also funds environmental sustainability projects and has announced $500 billion in sustainable finance through 2030.
Wells Fargo & Company (NYSE:WFC) is one of the most charitable companies that doesn’t just provide funding, but also motivates its employees to take part in volunteer work. The company offers two days of paid leave per year to its employees to volunteer. Furthermore, Wells Fargo & Company (NYSE:WFC) also allows its employees to spend up to six weeks working with a charitable organization of their choice.
3. Microsoft Corporation (NASDAQ:MSFT)
Microsoft Corporation (NASDAQ:MSFT) provides opportunities to deserving people through its TechSpark program. The company allocated $43 million for the program in 2021. Moreover, the company also provided $510 million in the same year to create 7,500 housing units in Washington. Microsoft Corporation (NASDAQ:MSFT) still has plans to provide a further $240 million in funding for its affordable housing mission.
Last year, Microsoft Corporation (NASDAQ:MSFT) matched over $214 million of employee donations towards charities and provided close to $2.5 billion in charities and technology discounts to non-profits across the globe. During the COVID crisis, Microsoft Corporation (NASDAQ:MSFT) provided over $400 million toward relief efforts.
2. The Goldman Sachs Group, Inc. (NYSE:GS)
The Goldman Sachs Group, Inc. (NYSE:GS)’s most significant contribution is its new One Million Black Women program. In 2022, the firm invested $10 million toward 800 applicants and 50 black-women-led non-profits. Moreover, The Goldman Sachs Group, Inc. (NYSE:GS) has committed a total of $10 billion in direct investment capital and $100 million in philanthropic support to the program.
The Goldman Sachs Group, Inc. (NYSE:GS) has granted over $2 billion to over 9,000 non-profits in 100 countries through its Goldman Sachs Gives program. Moreover, the company, in collaboration with Welcome.US, is funding to mobilize 100,000 Americans to sponsor Ukrainian refugees. The Goldman Sachs Group, Inc. (NYSE:GS) also launched a career readiness program for which it announced a fund of $600,000 in student scholarships aimed at culinary arts.
1. Novo Nordisk A/S (NYSE:NVO)
Novo Nordisk A/S (NYSE:NVO) is a pharmaceutical company based in Denmark. The company provides its products in approximately 170 countries.
Novo Nordisk A/S (NYSE:NVO) has funded Cities Changing Diabetes, an organization that helps in diabetes prevention and health promotion initiatives. The program is now active in 40 cities across several countries.
Novo Nordisk A/S (NYSE:NVO) operates the Novo Nordisk foundation that focuses on health, sustainability, and life sciences. Between 2010 and 2015, the foundation distributed over $1.3 billion for several humanitarian purposes. Moreover, the company provided grants worth approximately $1.2 billion (Danish Krone adjusted with USD in December 2022) in 2021 for scientific, humanitarian, and social causes.
Novo Nordisk A/S (NYSE:NVO) is one of the world’s most charitable companies and its Novo Nordisk organization had a net worth of $93.73 billion, making it the wealthiest charitable foundation in the world.
You can also take a look at the 22 Most Indebted Companies in the World in 2022 and the Top 10 Semiconductor Manufacturing Countries in the World.
