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Corporate foundations are philanthropic arms of corporations that provide grants to support charitable activities. These foundations are funded by the parent company and focus on areas that align with the corporation’s values and business interests. Examples include the Coca-Cola Foundation and the Walmart Foundation.
Two major kinds of such donations deserve specific consideration, charitable as well as political donations. According to a 2020 study of large United States–based corporations, "6.3 percent of corporate charitable giving may be politically motivated, an amount 2.5 times larger than annual PAC contributions and 35 percent of federal lobbying.
Corporate social responsibility (CSR) or corporate social impact is a form of international private business self-regulation [1] which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in, with, or supporting professional service volunteering through pro bono programs, community development ...
The Coca-Cola Scholars Foundation (CCSF) is a non-profit organization that works on behalf and at the direction of the Coca-Cola system (including The Coca-Cola Company, the world's largest producer of non-alcoholic beverages, and its subsidiaries) to provide scholarships to some 1,400 students annually in amounts totaling over $3.4 million each year.
Though he remained a shareholder in Coca Cola Corporation, the son left the company in the summer of 1888, and began selling a lower-quality version of the beverage, under the name Coca-Cola. Fearing this would erode the value of that name, the corporation renamed its product as Yum Yum and then as Koke, with poor success.
Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States. [ 3 ] The company makes, sells and distributes Coca-Cola products along with other beverages, distributing to a market of 65 million people in 14 states. [ 4 ]
COFCO Coca-Cola: Operates 19 provinces and municipalities in China, a joint venture between COFCO Corporation and the Coca-Cola Company with 35% ownership. Coca-Cola Bottlers Japan Holdings: Headquartered and operates in Japan, covering ~90% of the volume sold in Japan. The company owns 18.88%. Bottlers headquartered and operated in the U.S.
Coca-Cola paid over $15 billion, including a redemption of Coca-Cola's 33% shareholding in CCE. Coca-Cola wanted the business in their asset list because they felt it would save both consumers and Coca-Cola money. Coca-Cola also spun off its small European bottling division to "New CCE". The acquisition closed on October 3, 2010. [17] [18]