Corporate philanthropy: ranked by cash donations to L.A. county charities.EXECUTIVE SUMMARY THE Business Journal compiled a list of the largest corporate givers ranked by cash donated to L.A. County charities. Wells Fargo tops the list, followed by Oakland-based health care provider Kaiser Permanente. Five financial institutions provided information for this year's list. Charlotte, N.C.-based Bank of America contributed $200 million in cash to charities worldwide last year, of which $6.7 million went to local organizations. Some companies donate money directly to organizations through corporate giving programs. Others donate through a legally established corporate foundation that is operated by the company. Many companies establish foundations for specific giving programs and make donations through a combination of both types of giving. Additionally, other philanthropic efforts not measured include in-kind donations of products and volunteer efforts by employees. The Business Journal surveyed more than 100 companies for this list, although most companies declined to provide information on cash donations. Those companies include the two largest companies headquartered locally: Burbank-based Walt Disney Co. and Thousand Oaks-based Amgen Inc. THE PACESETTER WELLS FARGO WELLS Fargo tops this year's list of the largest corporate philanthropists ranked by cash donations to charities in L.A. County. The San Francisco-based bank donated more than $12 million in cash to locally based charities during 2006. [ILLUSTRATION OMITTED] "We've donated more than $10 million annually in this community for the past five years," said Jonathan Weedman, Wells Fargo Foundation regional vice president. The bank's philanthropic activities extend beyond cash giving. Wells Fargo employees are encouraged to engage the community by serving on the boards of non-profit organizations and other committees. Some employees have taken on positions that require a significant time commitment. For example, Don Fracchia serves as chairman for Project Angel Food. "Many non-profits need experienced bankers on their boards to help them understand how to get access to capital," said Weedman. Wells Fargo has even created a program called "Volunteer for Leave" that allows more than a dozen employees to take up to four months leave with pay to work for a non-profit organization. The company emphasizes working in low-income communities. It focuses its philanthropic efforts around education, jobs, affordable housing and neighborhood revitalization.
L.A. Cash
Donations
Rank Company * total Total Matching
* name * foundation Donations Fund
* address * corporate Companywide
* Web site giving
1 Wells Fargo $12,087,037 $102,7000,00 Yes
333 S. Grand Ave. NA
Los Angeles 90071 NA
wellsfargo.com
2 Kaiser Permanente 9,000,000 40,400,000 No
393 E. Walnut St. NA
Pasadena 91188 9,000,000
kaiserpermanente.org
3 Washington 8,600,000 49,700,000 Yes
Mutual Inc. NA
9200 Oakdale Ave. NA
Chatsworth 91311
wamu.com
4 Bank of America 6,658,494 200,000,000 Yes
Corp. 5,278,608
333 S. Hope St. 1,379,886
Los Angeles 90071
bankofamerica.com
5 AT&T Inc. 2,644,000 101,000,000 Yes
1150 S. Olive St. 1,884,000
Los Angeles 90015 760,000
att.com
6 Panda Restaurant 862,526 890,126 No
Group 690,435
1683 Walnut Grove 172,090
Ave. Rosemead 91770
pandarg.com
7 Bank of the West 506,593 6834,035 Yes
300 S. Grand Ave. NA
Los Angeles 90071 NA
bankofthewest.com
8 Morrison & 186,000 2733,000 Yes
Foerster LLP NA
555 W. Fifth St., NA
Suite 3500 Los
Angeles 90013
mofo.com
9 Wescom Credit Union 108,096 NA Yes
123 S. Marengo Ave. 71,742
Pasadena 91101 NA
wescom.org
Rank Company Focus Areas of Giving Description of
* name Operations
* address
* Web site
1 Wells Fargo education, community diversified
333 S. Grand Ave. development, human financial
Los Angeles 90071 services, civic services
wellsfargo.com projects, arts and
culture and environmen-
tal stewardship
2 Kaiser Permanente access to health care health care
393 E. Walnut St. and services for vulne- provider
Pasadena 91188 rable populations,
kaiserpermanente.org community health
improvement, public
policy and civic
engagement
3 Washington affordable housing bank
Mutual Inc. programs, community
9200 Oakdale Ave. development initia-
Chatsworth 91311 tives, k-12 public
wamu.com schools and financial
education
4 Bank of America non-profit organiza- commercial
Corp. tions, United Way bank
333 S. Hope St.
Los Angeles 90071
bankofamerica.com
5 AT&T Inc. education, community communications
1150 S. Olive St. development provider
Los Angeles 90015
att.com
6 Panda Restaurant children's owner and
Group organizations operator of
1683 Walnut Grove several Asian
Ave. Rosemead 91770 restaurant
pandarg.com chains inclu-
ding Panda
Express, Panda
Inn and
Hibachi-San
7 Bank of the West community and economic commercial bank
300 S. Grand Ave. development, education
Los Angeles 90071 and training, health
bankofthewest.com and human care, civic
and cultural
8 Morrison & children, legal aid, legal services
Foerster LLP scholarships and
555 W. Fifth St., fellowships, food and
Suite 3500 Los shelter, health, arts
Angeles 90013
mofo.com
9 Wescom Credit Union organizations in credit union--
123 S. Marengo Ave. Southern California financial
Pasadena 91101 services
wescom.org
Rank Company Top Philanthropy Top Local Executive
* name Officer * name
* address * name * title
* Web site * title * phone
1 Wells Fargo Jonathan Weedman Laura Schulte
333 S. Grand Ave. regional vice Western Region
Los Angeles 90071 president, Wells president
wellsfargo.com Fargo Foundation (800) 869-3557
2 Kaiser Permanente Diana Bonta Dr. Benjamin K. Chu
393 E. Walnut St. v.p., public president, So. Cal.
Pasadena 91188 affairs region
kaiserpermanente.org (626) 405-5000
3 Washington Wayne-Kent Marcia Lansdon
Mutual Inc. Bradshaw sr. v.p., consumer
9200 Oakdale Ave. first v.p., banking group manager
Chatsworth 91311 community and (800) 788-7000
wamu.com external affairs
4 Bank of America Leticia Aguilar Brad Dinsmore
Corp. market president Western division
333 S. Hope St. executive
Los Angeles 90071 (213) 621-7419
bankofamerica.com
5 AT&T Inc. Laura Sanford Kieran Nolan/
1150 S. Olive St. president, AT&T Andy Shibley
Los Angeles 90015 Foundation vice presidents,
att.com general managers
(800) 750-2355
6 Panda Restaurant NA Peggy Cherng/
Group NA Andrew Cherng
1683 Walnut Grove co-chairwoman/
Ave. Rosemead 91770 co-chairman
pandarg.com (626) 799-9898
7 Bank of the West Fran Rick Davis
300 S. Grand Ave. Lopez-Cooper executive v.p.,
Los Angeles 90071 exec. v.p., Southern California
bankofthewest.com community and division
public relations (213) 972-0342
8 Morrison & Donna J. Zenor Gregory B. Koltun
Foerster LLP president, The managing partner
555 W. Fifth St., Morrison & (213) 892-5200
Suite 3500 Los Foerster
Angeles 90013 Foundation
mofo.com
9 Wescom Credit Union Melissa Knittle Darren Williams
123 S. Marengo Ave. WeCare ceo, president
Pasadena 91101 chairwoman (626) 535-1000
wescom.org
Note: Companies are ranked by cash donations to L.A. County charities.
Information has been provided by representatives of the companies.
To the best of our knowledge, this information is accurate as of press
time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors sometimes
occur. Please send corrections or additions on companyletterhead to the
Research Department, Los Angeles Business Journal, 5700 Wilshire Blvd.,
Suite 170, Los Angeles 90036. [c]2007 Los Angeles Business Journal.
This list may not be reprinted in whole or in part without prior
written permission from the editor. Reprints are available from
Wright's Reprints, (877) 652-5295.
Researched by David Nusbaum
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