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Abbott Named One of America's Most Generous Companies, Sets Company Records for Employee Giving
Date:11/16/2010

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Four Out of Every Five Abbott Employees Donate to Charities in 2010 - More Than Twice the Rate Typically Seen at Other Companies

ABBOTT PARK, Ill., Nov. 16, 2010 /PRNewswire/ -- Abbott (NYSE: ABT) has been recognized by The Chronicle of Philanthropy as one of the most generous companies in the U.S., ranking No. 5 out of 162 of the largest U.S. companies that participated in the magazine's survey of 2009 giving.  In 2009, Abbott and the company's philanthropic foundation the Abbott Fund provided more than $580 million in grants and product donations.  In 2010, Abbott's tradition of giving continues, as the company set new records both in terms of number of participating employees and total dollar contributions for employee giving.

More than four out of every five Abbott employees (83 percent) participated in the company's employee giving programs, up from 78 percent in 2009.  This is more than twice the participation rate typically seen with employee giving campaigns, according to JK Group, an organization that helps administer corporate philanthropy programs for Abbott and many other companies.  Abbott employees contributed more than $13.3 million to non-profit groups in 2010, surpassing the 2009 total of $12.8 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.

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