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

[MotorMikey]

It’s a good sum of money over time. And the information, for many of the reasons discussed in the thread, is interesting to know.

Nobody said you had to be impressed.

You consider .029% of their revenue a good sum of money? Those are shockingly low standards you have.

 

[4jasontv]

The system is designed to give people incentives to donate (PR, tax benefits, etc). You somehow see enjoying these incentives being morally wrong. That’s a weird way to look at the actions. It’s like if blood donation stations give people stickers “I donated blood today”, suddenly all donors are there merely to get the sticker and pat themselves on the back.

Rewards have been shown to decrease the intrinsic value of participation. So yes, reviving a sticker likely decreases interest in donating blood. It might not be as detrimental as corporate matching programs or paying kids for grades, but it likely does hurt it.

Some people are going say this is an opinion. It’s not. It’s a hypothesis based of observation and evidence of similar programs.

 

[4jasontv]

YOU can’t ignore it. In my mind the intention of the gift is to help the financial burden incurred by the tornado. If that isnt the intention in your mind, ymmv as they say.

This has nothing to do with tornados.

 

[I7guy]

You consider .029% of their revenue a good sum of money? Those are shockingly low standards you have.

Yes. Because I’m celebrating their generosity not criticizing their supposed “stinginess”. Although some of these posts have set a high bar for Scrooge like attitudes.

 

[I7guy]

This has nothing to do with tornados.

Sure it does have everything to do with tornados.

 

[sexcypapi]

Over the course of the last 10 years, the Apple Employee Giving donation program has raised more than $725 million for various organizations, Apple said today.

With the Employee Giving program, Apple workers can volunteer their time or donate money to a cause, and Apple matches the donation. Apple provides a $10 donation for every hour an employee volunteers and matches monetary donations dollar for dollar.

The Employee Giving program is celebrating its 10th anniversary this year, and the $725 million that's been raised has been provided to 39,000 organizations around the world. Over 68,000 employees have logged close to two million volunteer hours since 2011, and more than $120 million was raised in 2021 alone.

In addition to the Employee Giving program, Apple has a Community Investment team that provides donations to nonprofit organizations worldwide, and the company donates through the Strengthen Local Communities grant program. Apple also regularly provides donations to communities impacted by natural disasters.

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

this is a funny flex cuz based on the revenue they've made in the last 10 years ($2.463 trillion to be exact), $752 million is 0.029% of their earnings.

this is the same as someone who makes $100k in a year donating $29. in 10 years, that's $290 worth of "philanthropic" work.

source: https://www.statista.com/statistics/265125/total-net-sales-of-apple-since-2004/

 

[hans1972]

this is a funny flex cuz based on the revenue they've made in the last 10 years ($2.463 trillion to be exact), $752 million is 0.029% of their earnings.

this is the same as someone who makes $100k in a year donating $29. in 10 years, that's $290 worth of "philanthropic" work.

source: https://www.statista.com/statistics/265125/total-net-sales-of-apple-since-2004/

That's probably way higher than my average, probably by over 1000%.

 

[4jasontv]

Sure it does have everything to do with tornados.

Like, metaphorically?

 

[Carnegie]

Wonder if "various causes" includes political donations or political organizations masquerading as human rights organizations, etc.

I don't know about the masquerading part, but the answer with regard to political donations or organizations is no. Such giving doesn't qualify for matching by Apple under the program's terms.

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

Billions in bonuses? The compensation for board members is considerable, but it isn't measured in billions. It's less than a million dollars a year for non-employee directors (i.e. all of Apple's directors other than Mr. Cook, and his compensation isn't for being a board member).

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

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.

It's from Apple and its employees. This is about Apple's employee gift matching program. When employees give money to or volunteer their time for certain charitable organizations, Apple matches their donations or time (at a rate of $25 per hour) up to a $10,000 limit per year.

But this wouldn't include all of the giving or volunteering that Apple employees do. Some such giving, probably most of it, wouldn't qualify for Apple's matching program. And, of course, it doesn't include all of Apple's charitable giving.

T

The board of directors ARE employees of Apple.

Directors generally aren't employees. In Apple's case, only Mr. Cook is an employee. The rest are independent, non-employee directors.

EDIT: I meant to add... But even though most of them aren't employees, Apple's directors qualify to participate in this gift matching program.

 

[citysnaps]

The system is designed to give people incentives to donate (PR, tax benefits, etc). You somehow see enjoying these incentives being morally wrong. That’s a weird way to look at the actions. It’s like if blood donation stations give people stickers “I donated blood today”, suddenly all donors are there merely to get the sticker and pat themselves on the back.

That's an excellent analogy. And true. Similarly with "I voted" stickers handed out at polls after people cast election ballots.

 

[Solomani]

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.

I agree. And perhaps that $750 "average per employee" is skewed. The higher-salaried MANAGERS, executives, and Apple engineers.... are probably the ones donating $750 or above. While the average retail employee is likely donating less than that, they are just getting by with their wages, just surviving with current inflation, so they (on average) could not afford to give out $750 per annum to a charity like this.

$750 could easily buy them a decent iPad Air. That's a significant amount of money.