Amazon replaces Microsoft as Seattle area’s top corporate giver

Amazon replaces Microsoft as Seattle area's top corporate giver

Amazon.com Inc. (Nasdaq: AMZN) has dethroned Microsoft Corp. (Nasdaq: MSFT) as the Seattle area’s top corporate philanthropist, according to Business Journal research.

Amazon told the Business Journal that it gave away $96.9 million in cash in Washington state last year, $23 million more than Microsoft did. Amazon also gave away more than its Redmond-based rival globally last year, donating $366.7 million to Microsoft’s $296.8 million.

Microsoft has topped the Business Journal’s list of corporate philanthropists for years, including in 2020 when it gave away $87.1 million in Washington. In 2021, its local donations declined while its global donations increased. Amazon hasn’t been on the list before because it didn’t disclose the information to the Business Journal.

Amazon said it stepped up its philanthropy in a couple of areas, including housing.

“This is a big priority for us — and will continue to be in the years to come, especially as we continue to grow in Bellevue,” Amazon spokesperson Adam Sedo said in an email. “Last year, Amazon’s Housing Equity Fund donated more than $26 million in grants, on top of our low rate loans (which we don’t count as part of the giving total we provided you).”

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