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Big corporations may put out big press releases whenever they give any cause a dime, but how much do they actually give?
The median rate or charitable cash contributions among individual fortune 500 companies was only .07% in 2004, points out Power of 5%, a new lil short video (below) from the Patagonia-esque eco-clothing company Nau. In fact, 75% of charitable giving came from individuals that year, compared to only 4.8% from corporations.
These stats show a huge dichotomy between how much good publicity corporations get for donating money, versus how little they actually donate. Combine that with the fact that corporations often wreak havoc on the environment and squeeze their employees to amass their riches, and you can see why we need articles like "Against Philanthropy" by LA River activist Jenny Price. Jenny calls out corporations -- and even philanthropic foundations -- for donating a comparatively tiny bit of money from the wealth that was accumulated by engaging or investing in shady social and environmental practices. "First, make sure you do no harm...," she urges. "Only then, think about handouts."
"Power of 5%" is also Nau's way of showing off its own commitment to philanthropy. The company gives 5% of sales to socio-environmental organizations working for positive change. Yes, that's 5% of sales, not profits; the latter's a very nebulous number that can, at times, mean nothing goes to charity.
Luckily, it's easier now to find and support companies that operate without plundering the environment AND that have a true, more transparent commitment to philanthropy and preserving the environment. Nau's continuing to work towards that latter goal too; Julie Levine of The Panther notes that Nau's working on creating an environmentally-friendly DWR (Durable Water Repellent). And Elise Miller of The Best of Trendy says Nau "embrace[s] the ideals I work towards. Beautiful clothes that endure and stand upon good principles."
If you want to know what a Nau store looks like, Team Kane Street has a detailed post with photos of the Chicago store. You can shop online too though. I noticed that these levitation capris are on sale for $29.50 (85% organic cotton, 15% spandex) -- in case you're planning to make a "do more yoga" new year's resolution. As you may've figured out, $1.47 of that'll go to socio-enviro orgs :)
BlogHer Contributing Editor Siel also blogs for the Los Angeles Times at Emerald City, and at greenLAgirl.com.















