5 Companies that Donate to Nonprofits

In this piece, we will take a look at the five companies that donate to nonprofits. For more companies, head on over to 26 Companies that Donate to Nonprofits.

5. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders in Q4 2022: 100

Bank of America Corporation (NYSE:BAC) is one of the biggest banks in the world. It serves the needs of a variety of customers ranging from retail to corporate, and government. The firm has a charitable donation matching program as well as its own foundation.

100 of the 943 hedge funds surveyed by Insider Monkey had bought a stake in Bank of America Corporation (NYSE:BAC) during Q4 2022. Out of these, Warren Buffett’s Berkshire Hathaway is its largest investor with a $33 billion stake courtesy of one billion shares.

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders in Q4 2022: 135

Apple Inc. (NASDAQ:AAPL) is the biggest technology company in the world. Its employees have logged in more than two million hours of volunteer work, and the firm also makes grants to nonprofits

135 of the 943 hedge funds polled by Insider Monkey during last year’s fourth quarter had invested in the company. Warren Buffett’s Berkshire Hathaway is Apple Inc. (NASDAQ:AAPL)’s largest investor. It owns 895 million shares that are worth $116 billion.

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders in Q4 2022: 209

Alphabet Inc. (NASDAQ:GOOGL) is a technology company with different hardware and software platforms in its portfolio. It makes up to $100 million in annual grants and has a matching program as well.

Insider Monkey’s fourth quarter of 2022 survey of 943 hedge funds outlined that 209 had held a stake in Alphabet Inc. (NASDAQ:GOOGL). Chris Hohn’s TCI Fund Management is the company’s largest investor in our database. It owns 54 million shares that are worth $4.8 billion.

2. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders in Q4 2022: 240

Amazon.com, Inc. (NASDAQ:AMZN) is one of the biggest electronic retailers in the world. While it ended its signature Amazon Smiles nonprofit program in February 2023 as part of a cost cutting initiative, the firm still works with art related nonprofits in Seattle.

By the end of last year’s fourth quarter, 240 of the 943 hedge fund portfolios part of Insider Monkey’s survey had bought the firm’s shares. Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor in our database is Ken Fisher’s Fisher Asset Management which owns 50 million shares that are worth $4.2 billion.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders in Q4 2022: 259

Microsoft Corporation (NASDAQ:MSFT) is an American technology company. The firm has an annual giving program as well as a philanthropy platform.

259 of the 943 hedge funds part of Insider Monkey’s database owned a stake in Microsoft Corporation (NASDAQ:MSFT) during Q4 2022. Out of these, the firm’s largest shareholder is Michael Larson’s Bill & Melinda Gates Foundation Trust which owns 3.4 million shares that are worth $9.4 billion.

Disclosure: None. You can also take a look at 25 Strongest Countries in Europe by Military Power and 10 Best Stocks to Buy for Investment.

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