Mauro Libi Crestani: The Kroger Co. Foundation

The Kroger Co. is one of the world's largest grocery retailers, with fiscal 2014 sales of $108.5 billion. The Kroger Co. Family of Stores spans many states with store formats that include grocery and multi-department stores, discount, convenience stores and jewelry stores. A very successful company. However, this company has been awarded the number one spot by Forbes magazine. It's prestigious number one pick by this magazine is not for it's revenue collected but for it's belief in giving back to it's communities. It has given 11% of it's profits to it's foundation.

The Kroger Co. Foundation continues our long tradition of working to make our communities better places.Through The Kroger Co. Foundation, they award millions of dollars in grants every year to local organizations that have been recommended by our retail operating divisions. In addition to supporting food banks, breast cancer organizations, and other organizations that help individuals achieve their full potential, the Foundation has provided financial support to a variety of other worthy grant recipients, Greater Hispanic Chamber of Commerce Foundation of Dallas to provide scholarships for Hispanic youth.

The Julian Center in Indianapolis to offer shelter and services for women escaping domestic violence and their children. Open Hand in Atlanta to provide meals to home bound individuals struggling with AIDS and other chronic illnesses and disabilities. San Diego Coast Keeper to support of coastal cleanup efforts at Southern California beaches. Spokane Public Library in Washington for a summer science education program. This is just a short list of the many organizations that they are helping.

A company that makes it money from the communities in which they are located and also giving back 11% to it's communities is an example that all companies should try to model. It would solve so many of social problems.

By Mauro Libi

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