In observance of the 10th anniversary of Hurricane Katrina, Wal-Mart Stores and the Walmart Foundation on Friday said they would make a $25 million donation to support organizations focused on disaster recovery worldwide.
The company said it would announce the donation during a forum in New Orleans Friday during which state and local officials, businesses and others will discuss Katrina and its aftermath.
As part of the commitment, the Walmart Foundation is making an initial investment of $500,000 in grants to select local nonprofits in the U.S. Gulf Coast region.
“Hurricane Katrina touched our customers, associates, and communities in a profound way, and we haven’t forgotten,” McMillon said. “Working hand in hand with the people of the Gulf Region at that difficult moment showed us there are times when we can make a real difference. Today we’re gathering with leaders in New Orleans to reflect on the progress made since the storm and to make a $25 million commitment to disaster response and resiliency globally. We will continue to help communities prepare for - and recover from - the unexpected.”
In addition to the $25 million commitment, Walmart and the Walmart Foundation are announcing $2.9 million in grants recently made to several nonprofits that will help build the capacity of communities across the United States to be prepared to respond to disasters through business, government and nonprofit collaboration, volunteer training and new technology.
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