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Walmart Foundation To Donate $12 Million To Feeding America Ahead Of The Holiday Season

By John F. Heerdink, Jr.

Reportedly, the Walmart Foundation will donate $12 million over two years to Feeding America to support families and individuals to meet their hunger needs during the challenging pandemic times and ahead of the holiday season.

As per the nation’s largest hunger-relief organization, Feeding America®, 1 in 6 people are exposed to the risk of hunger as a result of COVID-19, in comparison to a number of 1 in 9 prior to the pandemic. The situation has led to difficulties for organizations to keep up with the growing demand. In order to meet these growing hunger demands especially during the holiday season, Walmart Foundation along with its stores, distribution centers, and Sam’s Clubs in the U.S. are working to donate funds along with product donations to hunger-relief organizations.

Walmart will also assist with Order Ahead, the organization’s click and collect app, which enables food-insecure neighbors to order food from a food bank or partner organization and collect at a convenient location, locker, drive-thru, and home delivery. The grant will aid with a considerable amount of funds for several food bank members to help them increase the amount of food they are able to distribute and source to people in need along with supporting digital ads and one-on-one application for those in need.

Claire Babineaux-Fontenot, CEO of Feeding America stated, “Hunger affects people in every community across the country. The Feeding America nationwide network of 200 food banks and 60,000 pantries and meal programs works hard every day to help our neighbors who face hunger, especially during this time of crisis,” “We are tremendously grateful to Walmart and the Walmart Foundation for their generous support and their long-standing commitment to fighting hunger in every community across the country. Their support has been transformational for the fight to end hunger.”

Walmart Foundation and Walmart have supported hunger-relief organizations for years. This year, since Feb both, have supported more than 5,000 hunger-relief organizations through 480 million pounds of food donations and over $55 million in grants to support hunger relief causes. Additionally, Walmart customers, Sam’s Club members, and suppliers have also raised nearly $18 million for hunger relief efforts.

Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Walmart business and philanthropy come together to help fight hunger this holiday season in Business Wire)


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