A company’s raison d’être is to make profits. And while some companies horde their earnings, many others generously donate to nonprofits and charities that help to improve society.
However, most companies don’t make charitable donations out of the goodness of their hearts; there are solid economic reasons to give. Nevertheless, companies that do the right thing should be lauded and recognized. Here are the five largest charitable donors in the greater-Milwaukee area of 2016. Although most companies don’t make charitable donations out of the goodness of their hearts, there are solid economic reasons to give.
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1. HUSCO International, Inc.
According to its website, HUSCO International “is a privately-owned company that designs and manufactures hydraulic and electro-hydraulic components that improve the overall efficiency, controllability and performance of automotive and off-highway mobile equipment.”
- 2016 Cash Contributions in Wisconsin: $16,300,000.
- Total 2016 Cash Contributions Company wide: $17,300,000.
2. Northwestern Mutual
Northwestern Mutual Life Insurance Company is an American financial services mutual organization based in Milwaukee.
- 2016 Cash Contributions in Wisconsin: $14,058,951.
- Total 2016 Cash Contributions Company wide: $19,900,340.
A company’s raison d’être is to make profits. And while some companies horde their earnings, many others generously donate to nonprofits and charities that help to improve society.
3. WEC Energy Group Inc.
WEC Energy Group is one of the nation’s largest electric and natural gas delivery companies. They provide services to nearly 4.4 million customers in Wisconsin, Illinois, Michigan and Minnesota.
- 2016 Cash Contributions in Wisconsin: $13,562,989.
- Total 2016 Cash Contributions Company wide: $18,837,989.
4. Kohl’s Corp.
Kohl’s is a department store retailing chain, headquartered in Menomonee Falls, Wisc. Kohl’s operates 1,155 stores in 49 states. It’s one of America’s largest department store chains by number of stores.
- 2016 Cash Contributions in Wisconsin: $10,000,000.
- Total 2016 Cash Contributions Company wide: $50,000,000.
5. Johnson Controls International
Johnson Controls International is a multinational conglomerate that produces automotive parts such as batteries, electronics and HVAC. As of Jan. 25, 2016, it was listed as 242nd in the Fortune Global 500.
- 2016 Cash Contributions in Wisconsin: $7,300,000.
- Total 2016 Cash Contributions Company wide: $14,000,000.
*Data obtained from the Milwaukee Business Journal.
The post The Top Five Milwaukee-Area Companies That Donate the Most to Charity appeared first on Ally 360 Blog.
