Report: Walmart’s Billionaire Waltons Give Almost None Of Own Cash To Foundation

Report: Walmart's Billionaire Waltons Give Almost None Of Own Cash To Foundation

Alice and Jim Walton at the 2011 Walmart annual meeting. Photo: Walmart Stores’ Flickr. The Walton family is America’s richest, worth some $140 billion between them and longtime fixtures of the Forbes 400 list thanks to their approximate 50% ownership of Walmart, the world’s largest retailer. Their Walton Family Foundation, established by the late Sam and Helen Walton in 1988, is considered a heavyweight in the world of nonprofits with just under $2 billion in assets. In 2013 alone, the Foundation invested $325 million across three key areas: education reform, the environment and the family’s home region of northwest […]