Wells Fargo & Company came in second for 2017 giving, donating $287 million in cash of its $27.4 billion pretax profit, or 1%, according to the Chronicle of Philanthropy.
According to BusinessWire, in 2017, Wells Fargo donated to more than 14,500 non-profits, and employees volunteered 2 million hours. Highlights of the company's charitable efforts included $28 million donated to veterans and military service members, $45 million in down-payment assistance and other home-buying resource through NeighborWorks, and $10.6 million to the American Red Cross.
In 2019, the company plans to use 2% of its after-tax profits for philanthropy, BusinessWire reported.