As per reports, Walmart and the Walmart Foundation have come forward with $25M in aid to support organizations working towards the coronavirus outbreak.
“In times of need, we see communities come together to do extraordinary things. This pandemic is no different. 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.” stated Kathleen McLaughlin, executive vice president and chief sustainability officer for Walmart and president of the Walmart Foundation.
The funds will be utilized to support the global public health response, maintain food security, and support the needs of local communities in the U.S. and globally.
- The commitment is to provide $5 million to assist global efforts to help countries prevent, detect and manage the coronavirus.
- $10 million to support food banks, school meal programs, and organizations to support underserved populations.
- $10 million to support efforts in local communities in the United States and international markets.
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.
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