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
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