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Here is a website that gives a feel for what the individual clubs are doing...
Here is one that details the Mariners' involvement via Mariners Care.  In 2008, besides raising $200k for Cystic Fibrosis, individual efforts included:
Other Mariners Care Highlights in 2008: • Through the Mariners Care Community Section and the Commissioner's Initiative for Children, thousands of children had the chance to attend a Mariners home game. This year's contribution totaled $150,000.
• Since 1985, a partnership between The Boeing Company and the Mariners provides a grant of $100,000 to improve youth baseball fields in the community.  This year's recipient was the City of Des Moines, with funds going towards the Des Moines Field House Park Renovation Project.
• For every Mariners RBI during the 2008 season, PACCAR donated $100 to the Page Ahead Children's Literacy Program. This second-year program raised $75,000.
• A silent auction of autographed memorabilia held during every Saturday game at Safeco Field raised $74,595 for Mariners Care.
• More than $72,000 was raised for Pacific Northwest charities through the "Groundskeeper for a Day" donations offered at various auctions during the season.
• The annual Spring Training Charity Game between the Mariners and Padres at Peoria Stadium raised $58,128.  Beneficiaries included youth-based organizations such as the Girl Scouts, Hope Kids, Homeward Bound, Boys & Girls Clubs and Foundation for Blind Children, as well as local schools, summer camps, food banks and the American Cancer Society.
• Thanks to donations, a generous match by Wizards of the Coast and coins collected in the Wishing Well on the Main Concourse in center field at Safeco Field, $26,000 was donated to Seattle Children's Hospital to benefit Pacific Northwest patients and families.
• The Mariners joined together with Major League Baseball and the Boys & Girls Clubs of King County to support the 14th season of the Seattle RBI League for inner-city boys and girls. The 2008 contribution totaled $25,000.
• The Mariners held their 11th Annual Mariners Education Day on May 7. Mariners players, coaches and broadcasters visited six local elementary schools to deliver the D.R.E.A.M. Team message -- stressing the importance of education and positive thinking.
• In December, broadcaster Rick Rizzs and former Mariners outfielder Dave Henderson will preside over the annual "Toys for Kids" drive that purchases and distributes toys to kids in the Seattle area.
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That being on the level of individual clubs, not on the level of MLB Charities, Inc.
A lot of the time, we see corporations write a big check to Charity X and figure, wow, is that all they're doing?  And the fair answer is, no, that's one of many things they're doing.  
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Again, we're not saying Howard Lincoln doesn't get to wear Hickey-Freeman suits.  :- )   But these rich guys do allocate time and money to the needy.