Wal-Mart at the Top of the List of Charitable Cash Contributors

Walmart, the largest company in the United States, tops in as the biggest cash contributor for charities.  It gave $288.1 million in 2009.  It even stepped up its commitment to charity in May when Walmart announced a $2 billion, five year pledge to fight hunger.  AT&T comes in at number 2; donating $240 million and Bank of America came in at number 3 with its donations totaling $209.1 million.  Corporate profits are on the rebound, but a number of large businesses say it will take time before they can give as much to charity as they did before the recession.  This is according to a survey of the nation’s largest companies by the Chronicle of Philanthropy and USA TODAY. Woody Dicus, manager of corporate community relations at Progress Energy in Raleigh N.C. said “The whole economy has to burrow itself back up before a lot of corporations are going to have the money to invest as they did prior to the recession.”

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Posted by newsplet on Aug 11 2010. Filed under Featured News, Shopping. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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