Posts Tagged ‘corporate philanthropy’

Wal-Mart Fights Hunger

Thursday, July 1st, 2010

America’s king of low low prices shares some of their profit with the poor.

  • Wal-Mart and the Wal-Mart Foundation announced a plan to donate $250 million in cash and $1.75 billion worth of food to fight hunger in the United States.
  • Because of the recession, food banks in the United States have been struggling to keep up with demand.
  • Wal-Mart remains committed to reducing hunger nationwide, including providing healthy food for schools.

Facts and Figures

  • About 49 million people in the U.S. don’t get enough healthy food to eat (up 36% from last year).
  • Wal-Mart’s plan will provide enough food for more than 1 billion meals.
  • Wal-Mart donated $423 million in 2008 and $512 million in 2009 (in both cash and products).

Best Quote

“Increasingly, we see opportunities to use our scale and reach to solve challenges in our communities. This is one of those times. By working together, we believe that we can reach a day where no individual in this country has to go to bed hungry or worry there will be food to put on the table tomorrow.” – Eduardo Castro-Wright, Vice Chairman of Wal-Mart