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Corporate, And Federal Funding

Better Essays

There are three main funding sources other than individual donations that charities receive funding from foundation, corporate, and federal grants. Faith based organizations lose out on federal funding in an article published by CNN. Only $1.17 billion of the 14.5 billion equaling 8% of the funds awarded to social programs went to faith-based initiatives. Most of the money “went to large social service providers that have received the funds for decades” (CNN, 2005).
The 20 Most Generous Companies of the Fortune 500 are: Gilead,Science, Walmart, Wells,Fargo, Goldman Sachs Group, Exxon Mobil, Chevron, JPMorgan Chase, Bank of America, Alphabet (Google), Citigroup, Microsoft, Merck, Coca-Cola, AT&T, Target, General Mills, Pfizer, Kroger, PNC Financial, Morgan Stanley. These companies donated 3.5 billion in cash in 2015 to support charities. The 3.5 billion does not account for product, supplies or employee volunteer programs (Preston, 2016). The top 25 Givers in America are: Warren Buffet, Bill & Melinda Gates, George Soros, Stefan Edilis & Gael Neeson, Michael Bloomberg, Pierre Omidyar, Chuck Feeney, Walton Family, Hansjoerg Wyss, James & Marilyn Simons, Gordon & Betty Moore, John & Laura Arnold, Paul Ellen, Lynn Schusterman, Michael & Susan Dell, Mark Zuckerberg & Priscilla Chan, Julian Robertson jr., Stephen Bechtel jr., Eli & Edythe Broad, George Kiaser, Barry Diller & Diane Von Furstenberg, Ken Griffin, Barron Hilton, Devos Family, Steve & Connie Ballmer.
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