10 of the companies that give the most to charity in the US

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's10 of the US companies that give the most tocharity.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 billioncame from corporations, up 8% from the previous year.Here's a look at some of the US companies that donate the most to charity.SEE ALSO:17 companies with such good marketing their names have become verbs1. Gilead Sciences leads the pack in charitable giving for 2017Biotech firm Gilead Sciences donated the most money to charitable causes in 2017$388 millionaccording 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 nationallyWells 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 2007In 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.See the rest of the story at Business Insider
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