Week 3 EOC: Making Money for Good

During my research, I found that Wal-Mart gave away $311, 607, 280 in 2012.  They also donate to over 50,000 different charities according to FORBES magazine. www.forbes.com/sites/jacquelynsmith/2013/07/16/americas-most-generous-companies/.

Walmart’s corporate website says: “It’s our mission to create opportunities so people can live better. Wal-Mart is a household name that is popular with all cultures in almost every major city in the United States.

Walmart also highlighted some of their achievements in the “Walmart Highlights Progress in 2015 Responsibility Report”. http://corporate.walmart.com/_news_/news-archive/2015/04/22/walmart-highlights-progress-in-2015-global-responsibility-report. According to some of their quotes they stated on their page - “Every day, Walmart brings affordable products and services to 260 million customers in 27 countries around the world.”

As I observed before that Walmart has a good presence within the inner cities in America, but they also reach out to other nations. I think they feel the responsibility would be of a great benefit to the human race through the products that they sale.

According to another source (http://www.moultrienews.com/article/20150519/MN01/150519733/1088) they reported that Walmart donates $1.47 billion in FY15 to advance commitments to economic opportunity sustainability. So it seems that the company tries to diversify it’s donations to improve not only social responsibility but also to the economic growth. They are keeping track of all of their donations from different sources.

My fourth source of information about Walmart donations comes from The Chronicle of Philanthropy in 2011. It records that Walmart was number one on the list of giving the most cash to through charities and donations. I only reported this source to show the history of Walmart’s giving and the leadership they present to other companies who would like to give in the future.  https://philanthropy.com/article/10-Companies-That-Gave-the/156355 Their reports indicate that they gave over $342, 350, 428 in cash and $616, 591, 031 in 20111. Their pretax profits were at 4.1%. They were also expected to donate another $20 million within the following quarter. They accomplished this as well.