BENTONVILLE, Ark. — Wal-Mart Stores and the Walmart Foundation said Wednesday they would donate $2 billion in cash as part of a five-year initiative to help end hunger in the U.S.
As part of "Fighting Hunger Together," Wal-Mart said it would donate more than 1.1 million pounds of food, valued at $1.75 billion; issue grants totaling $250 million to support hunger relief organizations at the national, state and local levels; mobilize its associates and customers, including making its logistics teams available to help food banks become more efficient; and work with government and food manufacturers to increase the program's impact and reach a greater number of families in need.
"Increasingly, we see opportunities to use our scale and reach to solve challenges in our communities. This is one of those times," said Eduardo Castro-Wright, Wal-Mart vice chairman.
The first two grants from the Walmart Foundation have already been announced: $8 million in donations to help U.S. food banks improve their capacity, including $6 million to Feeding America food banks to purchase 60 refrigerated trucks, and $10 million in donations to help ensure that children are fed healthy meals, including $2 million to support the summer feeding program sponsored by the National Recreation and Park Association.
Read More of Today's Headlines