Since its inception in 1886, The Coca-Cola Company has built a strong legacy of giving back. In 1984, The Coca-Cola Foundation was formally launched as the global philanthropic arm of The Coca-Cola Company, and today continues its dedication in communities around the world.
The Coca-Cola Company commitment is to give back 1 percent of our annual operating income. We do that through our own donations and by providing financial support to The Coca-Cola Foundation which, in turn, extends charitable grants guided by its three core priorities: women, water and community well-being. In 2016, the Company’s donations, when combined with the Foundation’s charitable grants, equaled $106 million, equivalent to 1.2 percent of our operating income.
The Coca-Cola Foundation provided grants, reaching over 230 organizations in more than 200 countries and territories. In 2016, 97 percent of the Foundation’s grants went to its core priorities compared to 90 percent in 2015.
Through more than 30 years of giving back, The Coca-Cola Foundation has granted a total of approximately $917 million to organizations and communities across the world.
Supporting Water and Environment Programs
When it comes to water and the environment, The Coca-Cola Foundation supports initiatives that provide access to clean water and sanitation, protect watersheds in water-stressed regions, engage agricultural ingredient suppliers in advancing sustainable water use (such as rainwater harvesting and water reuse for irrigation), and educate and raise awareness about water issues among communities and industry.
One of The Coca-Cola Africa Foundation’s flagship water programs, Replenish Africa Initiative (RAIN) reached an important milestone in 2016, having provided safe drinking water to more than 2.5 million Africans.
“The Coca-Cola Foundation provided grants, reaching over 230 organizations in more than 200 countries and territories.”
The Coca-Cola Foundation is committed to the economic empowerment of women. In Myanmar, for example, the Foundation started working with PACT an international NGO, to develop and implement programs to help women learn about savings accounts, land rights, domestic violence laws, basic financial literacy and business skills. These programs are known as “Swan Yi,” which translates to capacity building.
“In 2016, The Coca-Cola Foundation provided initial seed funding to establish The Coca-Cola Employee Disaster Relief Fund. This fund will help employees impacted by natural disasters.”
The Coca-Cola Foundation focuses a large portion of its giving on initiatives that strengthen and enrich communities, including education, youth development, HIV/AIDS treatment and prevention, arts and culture and humanitarian disaster relief.
The Coca-Cola Foundation, Chick-fil-A® and City of Atlanta together donated $7 million to nonprofit City of Refuge to help transform Westside Atlanta through a vocational training and entrepreneurial program.
Coca-Cola Matching Gifts Program and Employee Disaster
Through the Coca-Cola Matching Gifts Program, eligible employees make personal contributions to qualified organizations and The Coca-Cola Foundation matches those contributions on a 2-for-1 basis. In 2016, The Coca-Cola Foundation donated $6.9 million through this program.
In 2016, The Coca-Cola Foundation provided initial seed funding to establish The Coca-Cola Employee Disaster Relief Fund. This fund will help employees impacted by natural disasters.