BMWNA to Donate $1 Million for Hurricane Sandy Relief

[Rickster311]

For comparison sake Volkswagen group donated 500,000. People need to stop whining about BMW only donating "1 million". They probably have so many other local contributions that aren't publicized. Plus let's say 1 million is only 1% of their income... Avg BMW owner probably makes annual household income of 100k? How many people complaining donated $1000? Or 1% of your income? SMH!

[Forster]

Every bit counts! Thank you BMWNA

[Spaceman Spiff]

Originally Posted by Rickster311

For comparison sake Volkswagen group donated 500,000. People need to stop whining about BMW only donating "1 million". They probably have so many other local contributions that aren't publicized. Plus let's say 1 million is only 1% of their income... Avg BMW owner probably makes annual household income of 100k? How many people complaining donated $1000? Or 1% of your income? SMH!

Their 2011 Net Profit was €4.881 billion, which is roughly $6.260 billion. $1MM is about 0.016% of their income not 1%. That would be the equivalent of someone with $100K annual income (net after taxes) donating $16, not $1,000. How is that for a comparison?

Also, shame on VW too.

[bnekic]

[wdeerfield]

Originally Posted by 宝马.e90

In before someone says "Only $1 million? Come on BMW, you overprice your cars, you can give more than that!"

Nice, every bit counts!

its better than what the yankees donated. or any of us for that matter.

[Ky1M]

Originally Posted by JoeyBananaz18

Hey, a donation is a donation. The point of one is that they aren't obligated to give anything at all. When word of this gets out, people are going to be scratching their heads. It probably never even dawned on anyone that BMWNA is located in a hurricane ravaged state. I think this is great news and am very happy to support a brand that pulls off a class act like this. Great job!

Plus 2 on that bro

[gds52]

I'm pretty sure all these ppl bashing BMW didn't even donate $1 !!!
Nice gesture by BMW.
Even if some1 donates $1, tht counts.

[formula M]

[Teemo Panda]

How about loaning some x5's abd x3's to the relief along with the 1m?
I would think this would be acceptable to all, dont you guys think so?

[riM3]

Originally Posted by Bubajay

Well just for comparison, Dwyane Wade is donating his salary from tonight's game to the relief effort. He makes $210,000 a game. I think for a big time athlete like him, he could've easily donated $1mil, but $210,000 is pretty generous from one person, contrary to other celebrity donations. However, how can a company as big as BMW "only" donate $1mil? That's a cheap publicity gesture. The BMW brand gets more support from public, and they don't even see a dent in the wallet. I'm not saying they HAVE to see a dent in their wallet because at the end of the day they are donating, but how much can $1mil honestly do? SMH

This is insane.

DW is an individual who can do what he pleases with his income.

BMW is a corporation with shareholders. If BMW has gobs of cash lying around that it can't invest above it's cost of capital, then it should return that cash to its shareholders who can then make the personal decision as to to spend (or donate) it.

IMHO, BMW should be helpful, eg. offer employee donation matching, loan modification through BMWFS for affected clients, etc. But BMW shouldn't be in the business of taking shareholder money and giving it away - no matter how worthy the cause. If shareholders wanted BMW to donate their money to charity, they should just sell the stock and donate themselves.

In the meantime, I suggest you laud both BMW and DW (or really anyone) for being charitable... Not criticizing the size of the donation.

[nick3753]

Any amount is appreciated, however won't they sell more new cars since so many were destroyed by flooding, assuming people in those situations can afford them?

[rjd598]

Originally Posted by nick3753

Any amount is appreciated, however won't they sell more new cars since so many were destroyed by flooding, assuming people in those situations can afford them?

This. It's all part of a plan BMW has worked out. They do this and people think wow look at that high end car company that donates to help our country. On top of that people who had a BMW but got it destroyed will have their faith in the company reassured with this act. At the end of the day whatever they give helps regardless of their intentions

[Majdnoon]

You gotta love the internet....
"BMWNA Donates $1,000,000 to hurricane relief"

"RAAAAAHH BMW Y U NO DONATE MOAR NYAHHH"

[red-sauerkraut]

Good Lord... Maybe you need to teach tax classes /

Originally Posted by jphughan

[535DMSport]

Thumbs up to BMW! A donation is a donation. The people who are complaining about it not being enough, have YOU donated?

Just be positive better like you learned in school and appreciate the fact that they give something to help. Every bit helps, whether its $100 or 1 million.

[v1p3r]

Shaking my head at people saying it's not enough. They could have given nothing, like you.

[Grizzles]

I wonder how much Trump is donating? 5 Mil?

[Rickster311]

It's truly a disappointment to see so many members here unhappy with a million dollar donation. While damage is in the billions, it's incredible that BMW and MB donated a million each to the RED CROSS.

another thing to take into consideration, a million wont bring a building back that was ruined, but that child, mother, and father that now have clean water and food which that "only one million" donation funded, will appreciate EACH AND EVERY PENNY.

Before we point the finger saying "they could have done more" ask yourself, "did I do anything to help those affected by Sandy?"

[BMWBoss]

I think it's pathetic and frankly disgusting that so many members thing $1 MM "isn't enough". Are you kidding me?? You guys all sound so ungrateful. I live in NJ and see first hand the damage the hurricane caused, and I can truly say $1MM will go an incredibly long way. BMW didn't have to give anything, and the fact they did is truly generous (regardless whether it lowers their taxable income and gives them positive publicity). All the people in the forum bashing BMW's donation, I'd like to know how many of you donated?

As a NJ resident I'd like to say THANK YOU BMW!! The money will certainly go a long way, and help us get back to normal.

[Jricci]

Good to hear!!!

[Frosty]

^^^ TYPO in headline

[宝马.e90]

Originally Posted by Rickster311

It's truly a disappointment to see so many members here unhappy with a million dollar donation. While damage is in the billions, it's incredible that BMW and MB donated a million each to the RED CROSS.

another thing to take into consideration, a million wont bring a building back that was ruined, but that child, mother, and father that now have clean water and food which that "only one million" donation funded, will appreciate EACH AND EVERY PENNY.

Before we point the finger saying "they could have done more" ask yourself, "did I do anything to help those affected by Sandy?"

Originally Posted by BMWBoss

I think it's pathetic and frankly disgusting that so many members thing $1 MM "isn't enough". Are you kidding me?? You guys all sound so ungrateful. I live in NJ and see first hand the damage the hurricane caused, and I can truly say $1MM will go an incredibly long way. BMW didn't have to give anything, and the fact they did is truly generous (regardless whether it lowers their taxable income and gives them positive publicity). All the people in the forum bashing BMW's donation, I'd like to know how many of you donated?

As a NJ resident I'd like to say THANK YOU BMW!! The money will certainly go a long way, and help us get back to normal.

For some reason, people seem to think that companies, corporations or individuals have the responsibility to donate a large sum of their profit or worth.

If you look at the overall damage that Sandy did, yes, $1 million is nothing but it's what the $1 million is going to do for the people - that's what's important and that sum is going to do a lot for a many people so I don't know why people are saying "only 1 million?".