Wal-Mart and Waltons Gave Almost $600M in 2007
Additionally, Wal-Mart customers and associates again proved to be some of the most generous in the nation, donating $106 million through individual contributions and company-sponsored fundraisers, bringing total 2007 U.S. giving to more than $400 million. For the last two years, Wal-Mart has been recognized by the Chronicle of Philanthropy as the largest corporate cash contributor in America. The company expects that today’s announcement will confirm this position for Wal-Mart for the third consecutive year.
How does $402 million in annual giving compare to the annual giving of the most generous U.S. foundations? Well, as shown in the chart above, Wal-Mart gives more than all but five charitable organizations, and ranks #6 for annual giving.
In addition, the Walton Family Foundation gave $189 million in 2007. Add that amount to Wal-Mart's $402 million, and Wal-Mart and the Walton Family gave almost $600 million in 2007, second only to the Gates Foundation. Wal-Mart is one of the most generous organizations on the planet.