Philanthropy may sound like a throwback form of CSR in these days of integrated financial reporting. But dozens of companies are practicing the old art of giving in a new style, with serious commitments of cash to support urgent causes such as hunger, education, and health. In 2011, corporate donations totaled $14.5 billion. Here’s a look at some companies who are the most generous and the causes they support, courtesy of the Chronicle of Philanthropy’s annual corporate giving survey.<br /><br />In this latest report, the financial sector scores very high. Wells Fargo donated $315 million for housing, local and regional causes, and human services as well as for education and community development. Citigroup gave $137 million for community development and education. JPMorgan Chase donated $183 million for minority issues, housing, veterans, education, and community development. Goldman Sachs directed $241 million to women’s issues, community development, veterans, and education. Capital One set aside $55 million for housing, education, and community development issues. And US Bancorp gave $47 million for arts and culture, the United Way, education, and community development. In the next Minute, I’ll look at the health sector’s philanthropic record, which is equally impressive.<br /><br />I’m John Howell for 3BL Media.
