What happened: Telus says it’s donated $150m to charitable organizations over the past year
Why it matters: Vancouver-based company says one of its donations is among the largest made by a publicly traded company
Telus Corp. (TSX: T) says it’s contributed $150 million and one million volunteer hours to charitable organizations over the past year.
The Vancouver-based telecom giant made the announcement Wednesday (May 15), touting contributions of $1.2 billion to charitable groups since 2000.
Most of the dollars donated in the past year came from a single donation announced in October 2018.
Telus said at the time that its $120 million contribution to help vulnerable youth was the largest donation made by a publicly traded company in Canada and one of the largest on record in North America.
The Telus Friendly Future Foundation offers funding grants to help young people build digital literacy skills, and provide basic healthcare and mental health support to the homeless.