Walmart family crime: zero to charity?

Walton-charity-WEB

Forbes has pegged the Waltons as the world’s richest clan, with a combined net worth of about $149 billion in 2015.

 

And, a new report says they’ve given just 0.04 percent of their personal wealth to their charitable foundation.

An  analysis of 23 years’ worth of the Walton Family Foundation’s tax returns shows that Rob, Jim, Alice and Christy Walton—the second generation Walmart heirs—have contributed almost none of their personal fortune to the foundation which bears their family name.
Specifically:
– Rob and Alice Walton made zero individual contributions to the Foundation during the 23 years we examined;
– Jim Walton made a single personal contribution of $3 million to the Walton Family Foundation, more than 15 years ago;
– Rob, Jim, and Alice Walton and the family holding company they control (Walton Enterprises) have been responsible for only .13% of all contributions to the Walton Family Foundation ($6.4 million);
– Among the second generation Walton heirs, it is the in-law, Christy, who has been responsible for the largest share of contributions to the Foundation;
The four Walmart heirs and Walton Enterprises combined have been responsible for only 1.2% of all contributions to the Walton Family Foundation.

Poor Alice?Alice opened a museum called Crystal Bridges in 2011 to house her $500 million private art collection. When it opened, it had four times the endowment of the famous Whitney Museum in New York.

Walmart has stores in 28 countries, employing more than 2.3 million employees 

pexels-photo-709542.jpegHurricane Harvey: Walmart said it would  donate up to $10 million in cash and product to match customer donations two to one.

 

“We are in danger of destroying ourselves by our greed and stupidity. We cannot remain looking inwards at ourselves on a small and increasingly polluted and overcrowded planet.”

Stephen Hawking

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