Coca-Cola gives $36 million this cycle
July 03, 2013
Many foundations across the globe are notorious for giving a lot of money every grant cycle. Some corporations would rather announce their generosity every few months, rather than each time a new opportunity pops up. The Coca-Cola Company is no different.
The beverage giant recently announced that during the first quarter of 2013, it gave $36 million worth of grants to various organizations. Administrators split the total in three ways - $12 million went to physical fitness programs, $12 million to environmental initiatives and the last $12 million to various community goals.
"Through these grants, we have an amazing opportunity to make a real difference for millions of people by supporting personal well-being programs, improving access to critical natural resources such as clean water and supporting many other sustainable community programs," explained Coca-Cola Foundation Chair Lisa Borders.
The recipients are located in different states and in many nations. Moreover, a number of the groups given money have substantial notoriety, such as the U.S. Olympic Committee, the Coca-Cola Africa Foundation and the National Underground Railroad Freedom Center.
Coca-Cola has been in operation since 1886 in Atlanta. People across the globe are aware of the business' success - the official website reported that 1.7 billion beverages under the brand's moniker are served each day.
Foundations and organizations that provide annual funding might benefit from nonprofit accounting software, which can help board members audit funds and make sure the correct amounts are being distributed to various programs each year.