OVERVIEW: The Coca-Cola Foundation supports a broad range K-12 education projects around the world through its water and well-being funding initiatives.
IP TAKE: The Coca-Cola Foundation supports local organizations around the world through its water and well-being funding initiatives. This funder maintains an open online application process, and funds organizations of all sizes with grants ranging from a few thousand to over $1 million.
PROFILE: Founded in 1984 by Roberto Goizueta, the Coca-Cola Foundation is the “primary philanthropic arm” of the Coca-Cola Company. Both are based in Atlanta. The foundation commits 1 percent of its annual operating income to its charitable giving, which up until 2007, supported learning both inside and outside of the classroom. In 2007, the foundation expanded its philanthropic reach “to include global water stewardship programs, fitness and nutrition efforts and community recycling programs.” Coca-Cola prioritizes grantmaking to women, water, well-being, which covers education, youth development, and community initiatives.
Coca-Cola does not have a dedicate education program thereby preferring a broad approach to grantmaking. In the United States, some of the foundation’s recent K-12 projects include Save the Harbor/Save the Bay, a Boston-based program that has involved 30,000 students in hands-on marine ecology programs, and Rock to the Future, a program that provides music instruction and academic support to underprivileged students in Philadelphia. Internationally, the foundation has supported the Social Wolves Foundation of Poland, which brings high school and college students together to discuss and solve problems in local communities.
Coca-Cola Foundation grants range from $8,000 and $1 million; however, the majority range from $25,000 to $50,000. It does not limit grantmaking geographically or dollar amount limitations to its funding. A complete list of grantees is provided at the foundation website.