Coca-Cola ranks among the most charitable donors in corporate America, according to a list published in The Chronicle of Philanthropy and Fortune magazine.
The Chronicle of Philanthropy compiled the list after surveying the top 150 companies in the Fortune 500 and collecting data from public documents filed with the IRS and SEC. Then, Fortune identified the top 20 most generous corporations as measured by cash contributions (Coke came in at No. 13).
“In the past decade, Coca-Cola has expanded its giving portfolio beyond educational causes to include water and healthy living. For example, it supports the Global Environment and Technology Foundation’s work in Africa to replenish water sources, improve access to safe drinking water, and provide hygiene education,” Fortune writes. “It matches up to $10,000 per year in employee donations to education, arts, or environment groups, more than most corporations.”