Apple Employees Have Donated $725 Million to Various Causes Over the Last 10 Years

[diskrisk]

Apple made $20 billion profit in the last quarter, the donations are obscenely low. Seeing it in numbers, Apple can give more.

This is the most annoying argument ever. You know some charities stop fundraising after a certain amount, right? Because they’re non profits, and having a surplus of money can be seen as profitable. $700+ million is so much money they have to donate it to various charities. And the world doesn’t work in percentages. Whatever $700+ million is in relation to their $20 billion in profit is absolutely irrelevant.

Oh, and by the way, this is just the donations they did from this program alone. They already do so much more than this.

 

[duanepatrick]

Awesome! I hope there could be more in another 10 years!

 

[urnotl33t]

I mean Cook implemented the matching program (one of the first things he did). Even if he didnt personally donate (which he does) he has made hundreds of millions of dollars available to charities. Jobs never thought of such a program to be worthwhile.

Tim Cook announces new charity matching program for Apple employees - 9to5Mac

Apple has just introduced a new program for matching charitable donations made by Apple employees for up to $10,000 per...

9to5mac.com

True... sort of... Jobs donated (very) privately. Such as that mammoth "anonymous" donation the hospital folks got after his liver transplant. He just doesn't want the attention for it, because he knew the attention and irrational judgement it would draw from others.

 

[urnotl33t]

Of course $725 million is a lot of money. But considering it ***** more than that when it goes to the toilet, Apple made $20 billion profit in the last quarter, the donations are obscenely low. Seeing it in numbers, Apple can give more.

Apple Reports 4Q 2021 Results: $20.6B Profit on $83.4B Revenue

Apple today announced financial results for the fourth fiscal quarter of 2021, which corresponds to the third calendar quarter of the year. For the...

www.macrumors.com

Well at risk of adding fuel to your fire, be careful with the numbers you see in the headline. It's meant to distract you.
725 million...over 10 years....
725/10 = 72 million per year
72/12 = 6 million per month

This is just the people, not executives. This isn't "Apple" corporate.

How many worker folks do the have? 100,000?
6000000/100000 = $60 per person per month.

That's not a lot. That's a monthly broadband bill. Or ..what.... 2 weeks of Starbucks..?

Careful with these sensational headlines. They almost always false. Do the math.

 

[urnotl33t]

Is it? Put it in context. The yearly average is $72.5M given by their employees (that the claim matches for). Apple has 150k employees. That's under $500 per employee per year. That's not "amazing" in my book.

Sure, you have a variety of employees. Retail probably making under $50k a year, technical making a lot more than that and the C-suite people making millions in salary and options.

Haha I should've went to Page 2 of the comments and tada! Yours was right on top. ? well said...

This is not a lot of cash.

 

[urnotl33t]

It’s amazing because apple and its employees had to contribute $0…yet they gave a lot. I don’t care what they earned that is a worthwhile sum in the aggregate that can make a difference. People that give to charitable causes should be thanked for their generosity, not their stinginess.

Unless one is talking about the eight levels of charity.

@vondo is correct. This is only $40 per person per month. Sure it's "something" but the food bank doesn't have a special "we <3 Apple" poster because if it.

 

[urnotl33t]

There will be always someone who will complain about something when Apple does the good deeds.

This isn't Apple corporate. It's Apple people. It's literally the first two words....

 

[urnotl33t]

So apparently a post about corporations donating insane sums of money to help the citizens of the country isn't political and my comments were blocked because I dared suggest there is a better way. Kewl...

Time to kill my account after 7 years... and good luck in the future US citizens!

But this isn't about corporate donations.
This is people donations.

 

[myscrnnm]

Well at risk of adding fuel to your fire, be careful with the numbers you see in the headline. It's meant to distract you.
725 million...over 10 years....
725/10 = 72 million per year
72/12 = 6 million per month

This is just the people, not executives. This isn't "Apple" corporate.

How many worker folks do the have? 100,000?
6000000/100000 = $60 per person per month.

That's not a lot. That's a monthly broadband bill. Or ..what.... 2 weeks of Starbucks..?

Careful with these sensational headlines. They almost always false. Do the math.

An average of $60 per person per month across ten years across every individual employee of one company seems like a very high amount to me. I'm sure it's more than most other companies using this same metric.??‍♂️

 

[Realityck]

The number seems very small for apple. Bragging about this just make it more cringy, especially considering it’s the number in the past TEN years.

It’s not Apple corporate it’s from Apple employees themselves.

“Employee donation and volunteering program raises nearly $725 million over the last decade”

Yes that a lot of money from 68,000 employees. About $1200 from each per year.

 

[urnotl33t]

It’s not Apple corporate it’s from Apple employees themselves.

“Employee donation and volunteering program raises nearly $725 million over the last decade”

Yes that a lot of money from 68,000 employees. About $1200 from each per year.

No, 40-60 per.

 

[Solomani]

I mean Cook implemented the matching program (one of the first things he did). Even if he didnt personally donate (which he does) he has made hundreds of millions of dollars available to charities. Jobs never thought of such a program to be worthwhile.

Tim Cook announces new charity matching program for Apple employees - 9to5Mac

Apple has just introduced a new program for matching charitable donations made by Apple employees for up to $10,000 per...

9to5mac.com

Because Jobs was a self-centered *******. Cook actually initiated things that made Apple a more well-rounded company (e.g. philanthropy, environmental advocacy, etc).

 

[Solomani]

And that doesn't include Apple's corporate philanthropy donations outside of their employee matching program. Or TC's personal giving. I suspect other board members similarly give.

The Apple Board, as well as AAPL shareholders like myself.... are perfectly fine with these donations. We could have easily been stingy scrooges and said "Tim, stop these stupid donations. We need to hoard every single dollar profit and revenue allocated back to the pockets of corporate shareholders who technically OWN this company."

But see, we didn't do that. We were perfectly OK agreeing to Apple (and its employees) giving away millions of dollars to charitable causes. Why? Because in the long run, it makes Apple a stronger, well rounded company. And a stronger well-rounded company is the kind of company you want to invest LONG in.

 

[ddavid]

Does this include Foxconn employees donations?

 

[ikramerica]

Considering Apple has 100,000 employees (averaged over 10 years), many making well above the average salary, this just isn’t very impressive. It represents far below 1% of income per employee.

For comparison, average people donate 3-5% of income to charity.

So we are supposed to applaud this cheapness because the sum seems big when you lump it all together for such a large number of people over a long period of time.

 

[ikramerica]

Oh, and 2M hours of charity? You mean 2 hrs PER YEAR per person? Many of those hours organized by the company to begin with?

And they are counting volunteering at your kuds school no doubt.

Patting yourself on the back for being cheap is bad form…

 

[MacBH928]

thats quite generous, but i stand with the opinion that if you pay taxes you arleady did your "forced" donation to the community. Now its on the government to decide what to do with that "donations"

 

[MacBH928]

Considering Apple has 100,000 employees (averaged over 10 years), many making well above the average salary, this just isn’t very impressive. It represents far below 1% of income per employee.

For comparison, average people donate 3-5% of income to charity.

So we are supposed to applaud this cheapness because the sum seems big when you lump it all together for such a large number of people over a long period of time.

well $750 per employee per year is quite generous, a lot of people refuse to donate $1-3 dollars

 

[m4mario]

T

And now tell me how much the board of directors donated off their billions in bonuses.

The board of directors ARE employees of Apple.

 

[Macintosh TV]

If you need to flex about this sort of thing.........

Studies have shown that sharing this type of thing causes others to donate too. It's why GoFundMe and others suggest sharing the fact that you've donated, as it sparks others to donate.

So you're bothered that they're helping to get more to donate to charity?

 

[amartinez1660]

It’s amazing because apple and its employees had to contribute $0…yet they gave a lot. I don’t care what they earned that is a worthwhile sum in the aggregate that can make a difference. People that give to charitable causes should be thanked for their generosity, not their stinginess.

Unless one is talking about the eight levels of charity.

This is the most annoying argument ever. You know some charities stop fundraising after a certain amount, right? Because they’re non profits, and having a surplus of money can be seen as profitable. $700+ million is so much money they have to donate it to various charities. And the world doesn’t work in percentages. Whatever $700+ million is in relation to their $20 billion in profit is absolutely irrelevant.

Oh, and by the way, this is just the donations they did from this program alone. They already do so much more than this.

Stopped following the thread, but solid arguments, it’s a case of $725M (and plus many millions in other ways) is not enough in the eyes of some…

—
I don’t know what’s up in this day and age, seen it over and over again in threads, blogs and mailing lists. It dawned onto me a few years ago with a blog post about how League of Legends (or a Supercell game, can’t remember) missed the train on some extra money and how it could have done better… and the wording was arrogant as you might expect. For that person, a top grossing game, often number 1 spot, making millions of dollar a day for a tiny company to boot was, somehow, not enough.

 

[NotTooLate]

Of course $725 million is a lot of money. But considering it ***** more than that when it goes to the toilet, Apple made $20 billion profit in the last quarter, the donations are obscenely low. Seeing it in numbers, Apple can give more.

Apple Reports 4Q 2021 Results: $20.6B Profit on $83.4B Revenue

Apple today announced financial results for the fourth fiscal quarter of 2021, which corresponds to the third calendar quarter of the year. For the...

www.macrumors.com

You realize that a lot of the contribution is by the employees ppl here are bashing apple instead of giving some credits to normal hard working folks contributing money and time (and apple matching it) , also , as a public traded company they will be sued if they over spend on charity , imagine being a pension fund holding apple (or just a normal trader) stocks and suddenly apple donates 10$ billion dollars , what do you think will happen to the stock , company , employees , pension fund ?

 

[Solomani]

T

The board of directors ARE employees of Apple.

Yup. People forget that the Apple Board of Directors are among the largest shareholders of the company. That means they are among the biggest stakeholders OWNERS of the corporation known as Apple. When Apple makes money (profits, revenue), it's the shareholders' money. And when Apple donates money... it's also their money that the company is giving away.

A lot of people in this forum don't know how corporations work. They think it's supposed to work like some big Spend-Happy Government Bank Account whose only job is to give away money to anyone that begs for it.

 

[citysnaps]

well $750 per employee per year is quite generous, a lot of people refuse to donate $1-3 dollars

Also, there are roughly 70,000 Apple Store retail employees. Though they earn a little better than typical retail employees, I suspect the overwhelming majority are not donating $750 to charity.

And that's not a criticism of Apple retail employees. It's just that $750 is a huge chunk of money for someone working in retail trying make ends meet with retail wages. Especially in cities where Apple Stores are usually located.

 

[citysnaps]

Stopped following the thread, but solid arguments, it’s a case of $725M (and plus many millions in other ways) is not enough in the eyes of some…

—
I don’t know what’s up in this day and age, seen it over and over again in threads, blogs and mailing lists. It dawned onto me a few years ago with a blog post about how League of Legends (or a Supercell game, can’t remember) missed the train on some extra money and how it could have done better… and the wording was arrogant as you might expect. For that person, a top grossing game, often number 1 spot, making millions of dollar a day for a tiny company to boot was, somehow, not enough.

Some people will never be happy no matter what Apple does to help people in need - it will never be enough. I wouldn't be shocked if those same people criticizing Apple have never stepped up.

Sadly, perpetually complaining about and ragging on others is now the new normal. It helps some people feel better with that little blip of perceived power.