In celebration of its recent anniversary, United Way Worldwide presented Bank of America, Deloitte, Illinois Tool Works, Microsoft and Wells Fargo with the prestigious 2012 Summit Award for their respective contributions to its 125-year-old global movement.
Recognized for their philanthropic, volunteer engagement and community impact efforts, these companies have demonstrated a comprehensive commitment to bettering the lives of others through ongoing involvement with local chapters of the organization such as United Way of Greater Los Angeles.
Bank of America raised $35 million through its UW workplace campaign while its employees volunteered 1.5 million hours nationwide. In 2011, its support of the free income tax assistance program helped secure $800 million in refunds for low-income families. By the end of the 2013 tax season, Bank of America will have invested $6.5 million in United Way’s financial stability initiatives.
Deloitte raised $21 million through its workplace campaign and boasts more UW Tocqueville Society members (giving upwards of $10,000 each year) than any other corporation in the country. It has pledged $110 million worth of pro bono work to leading nonprofits and provides key research to spark advances in corporate philanthropy and volunteering through its annual Volunteer IMPACT Survey.
Illinois Tool Works raised $11 million through its workplace campaign thanks to a dollar-for-dollar match program which incentivizes participation and leadership giving of $1,000 or more per year. ITW’s employees put in nearly 3,600 volunteer hours and its annual UW video is created in collaboration with area high school students, Boys and Girls Clubs’ members and a nonprofit creative arts foundation.
Microsoft donated $100 million as well as $844 million in software to nonprofits and educational institutions in 2011, with United Way remaining the single largest recipient of employee gifts and corporate matching funds since the company’s Community Affairs program was created. Microsoft also provided a $17 per hour match for volunteering employees who recorded more than 426,000 hours of charitable work last year.
Wells Fargo raised $56 million through its UW workplace campaign while its employees volunteered 1.5 million hours of their time in 2011 alone. In addition to creating a unique Volunteer Leave Program which offers team members up to four months of fully paid leave to work on local school or nonprofit projects, the company generously donated a total of $213 million to various charitable organizations.
Click here to see photos from the awards ceremony!