Navigation Links
Abbott Employee Giving Sets New Records for Employee Participation and Total Donations
Date:2/23/2009

ABBOTT PARK, Ill., Feb. 23 /PRNewswire-FirstCall/ -- In 2008, Abbott's (NYSE: ABT) employee giving in the United States set new company records both in terms of number of participating employees and total dollar contributions, despite difficult economic times. Nearly three out of every four Abbott employees (74 percent) participated in the company's employee giving programs, up from 65 percent in 2007. Abbott employees contributed more than $12.6 million to non-profit groups in 2008, surpassing last year's total of $12.3 million. This figure includes pledges raised through the company's annual employee giving campaign, donations by employees throughout the year, and matching gifts from the Abbott Fund, the company's philanthropic foundation.

Abbott's employee participation is twice the rate typically seen with employee giving campaigns, which generally have 30-40 percent employee participation, according to JK Group, an organization that helps administer corporate philanthropic programs for Abbott and many other companies.

"Abbott employees continue to make tremendous financial contributions despite the current economic climate, which really underscores our culture of citizenship and service as a company," said Miles D. White, chairman and chief executive officer, Abbott. "These results demonstrate the ongoing commitment of Abbott employees to support our company's mission of improving people's lives."

Employee giving is part of Abbott's broader philanthropic investment to build healthier communities. In 2008, Abbott and the Abbott Fund provided more than $460 million in grants and product donations to improve the lives of millions of people around the world.

Abbott employees pledged donations to more than 4,400 different civic organizations, non-governmental organizations and other non-profit groups. A significant part of this support, including matching grants from the Abbott Fund, goes to long-standing community organizations such as the American Cancer Society, American Diabetes Association, American Heart Association, Arthritis Foundation, Juvenile Diabetes Research Foundation and United Way.

In addition to financial donations, Abbott employees also give back by volunteering in their local communities -- investing their time and expertise to help make a difference in people's lives. One example is the work done by Abbott employees to modernize and double the capacity of the HealthReach free health clinic near the company's headquarters in north suburban Chicago.

"Many people in our community rely on HealthReach for medical care. To help them meet the needs of a growing number of patients, Abbott provided significant funding support and a team of Abbott employee volunteers provided expertise and hands-on assistance to help in completely renovating and expanding the clinic," said Manny Jimenez, an engineer at Abbott. "Donating money, time and expertise to worthwhile organizations like HealthReach is so rewarding -- you can help your neighbors and strengthen your own community."

About Abbott and the Abbott Fund

The Abbott Fund is a philanthropic foundation established by Abbott in 1951. The Abbott Fund's mission is to create healthier global communities by investing in creative ideas that promote science, expand access to health care and strengthen communities worldwide. For more information, visit http://www.abbottfund.org.

Abbott is a global, broad-based health care company devoted to the discovery, development, manufacture and marketing of pharmaceuticals and medical products, including nutritionals, devices and diagnostics. The company employs approximately 69,000 people and markets its products in more than 130 countries.

Abbott's news releases and other information are available on the company's Web site at http://www.abbott.com.


'/>"/>
SOURCE Abbott
Copyright©2009 PR Newswire.
All rights reserved

Related biology technology :

1. Abbott Named One of the Best Places to Launch a Career by BusinessWeek
2. Martek Signs Multi-Year Worldwide Sole Source Supply Agreement with Abbott
3. Abbott Scientists Create One Molecule With Two Antibody Functions
4. Abbott Named to Science Magazines List of Top Employers in the Biotech and Pharmaceutical Industry
5. Abbotts HUMIRA(R) Receives Positive Opinion From EMEA for Treatment of Moderate to Severe Plaque Psoriasis
6. Abbott Declares 336th Consecutive Quarterly Dividend
7. Pfizer, Genentech, Amgen, Bayer, Wyeth, Abbott, Merck and Additional Leading Pharmaceutical Companies Participating During ExL Pharmas Fall Line Up!
8. Abbott to Present at JP Morgan Healthcare Conference
9. Abbott Announces Approval of First Fully Automated Blood Screening Test for HTLV-I/HTLV-II
10. Isis Announces Equity Investment in Ibis Biosciences Subsidiary by Abbott; Option Acquired to Purchase Remaining Ibis Equity
11. Abbott Receives FDA Approval for SIMCOR(R) (Niaspan(R) / simvastatin), a Novel Combination Medicine for Comprehensive Cholesterol Management
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/27/2016)... ... April 27, 2016 , ... A compact PET ... Tomography) and MRI (Magnetic Resonance Imaging) in existing third-party MRI systems. PET and ... in small animal subjects. Simultaneous PET/MRI imaging offers a solution to many challenges ...
(Date:4/27/2016)... April 27, 2016 MedDay, a biotechnology ... announces the appointment of Catherine Moukheibir as Chairman of its ... Chairman, Jean Jacques Garaud , who contributed to the ... effective immediately. Catherine started her career in strategy ... and London .  She held C-Suite level ...
(Date:4/26/2016)... City, CA (PRWEB) , ... April 26, 2016 ... ... for healthcare, today announced that Ardy Arianpour has joined the company as Chief ... years of experience bringing innovative genomic technologies to market, was most recently Chief ...
(Date:4/26/2016)... ... , ... Mr. Palmer created the RPO business for Ceridian and lead the ... services contract in the U.S. intelligence community with The SI (a Lockheed Martin divestiture). ... founder of Accolo. “We are growing and his experience guiding our expansion is ...
Breaking Biology Technology:
(Date:3/10/2016)... India , March 10, 2016 ... a new market research report "Identity and Access Management ... & Audit, Compliance, and Governance), by Organization Size, by ... to 2020", published by MarketsandMarkets, The market is estimated ... USD 12.78 Billion by 2020, at a Compound Annual ...
(Date:3/9/2016)... Germany , March 9, 2016 ... country,s government identified that more than 23,000 public service ... or had been receiving their salary unlawfully.    ... African country,s government identified that more than 23,000 public ... name or had been receiving their salary unlawfully.    ...
(Date:3/3/2016)... March 3, 2016  FlexTech, a SEMI Strategic Association ... Innovation, Research & Development, Leadership in Education, and, in ... the 9 th year of the FLEXI Awards ... and individuals from past years . Judging was ... pre-described set of criteria, by a panel of non-affiliated, ...
Breaking Biology News(10 mins):