Walmart and the Walmart Foundation commit $25 million to global COVID-19 response effort
March 17 2020 - 10:00PM
Business Wire
To help meet the critical needs resulting from the global
COVID-19 pandemic, Walmart and the Walmart Foundation have
committed $25 million to support organizations on the front lines
responding to the outbreak.
“In times of need, we see communities come together to do
extraordinary things. This pandemic is no different,” said Kathleen
McLaughlin, executive vice president and chief sustainability
officer for Walmart and president of the Walmart Foundation. “We
are humbled by the efforts of our store associates, nonprofit
partners, and citizens across the globe who are coming together to
support those in need. We hope these grants will help to expand
critical response efforts as we continue to work together to
address the impact of COVID-19.”
The funds will be used to strengthen the global public health
response, bolster food security, and support the needs of local
communities in the U.S. and internationally. The commitment is
intended to provide:
- $5 million to support global efforts to help countries prevent,
detect and manage the coronavirus;
- $10 million to support food banks, school meal programs and
organizations that provide access to food for underserved
populations; and
- $10 million to support efforts in local communities in the
United States and international markets.
The first grants are expected to be issued this week. Details
regarding individual grants will be made available as they are
finalized.
About Walmart
Walmart Inc. (NYSE: WMT) helps people around the world save
money and live better - anytime and anywhere - in retail stores,
online, and through their mobile devices. Each week, over 265
million customers and members visit approximately 11,500 stores
under 56 banners in 27 countries and eCommerce websites. With
fiscal year 2020 revenue of $524 billion, Walmart employs over 2.2
million associates worldwide. Walmart continues to be a leader in
sustainability, corporate philanthropy and employment opportunity.
Additional information about Walmart can be found by visiting
http://corporate.walmart.com, on Facebook at
http://facebook.com/walmart and on Twitter at
http://twitter.com/walmart.
About Philanthropy at Walmart
Walmart.org represents the philanthropic efforts of Walmart and
the Walmart Foundation. By leaning in where the business has unique
strengths, Walmart.org works to tackle key social issues and
collaborate with others to spark long-lasting systemic change.
Walmart has stores in 27 countries, employs more than 2 million
associates and does business with thousands of suppliers who, in
turn, employ millions of people. Walmart.org is helping people live
better by supporting programs that work to accelerate upward job
mobility for frontline workers, address hunger and make healthier,
more sustainably grown food a reality, and build strong communities
where Walmart operates. To learn more, visit www.walmart.org and on
Twitter @Walmartorg.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200317005882/en/
Walmart Media Relations 800-331-0085
news.walmart.com/reporter
Walmart (NYSE:WMT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Walmart (NYSE:WMT)
Historical Stock Chart
From Jul 2023 to Jul 2024