Walton Family Ranks 37th In Charitable Giving
From the Arkansas Democrat Gazette:
The Walton Family poured $415 million into their charitable foundation last year, climbing to 37 th among America’s wealthiest private foundations.
The Walton Family Foundation moved up from 44 th even though it gave away more money than ever before — $157 million. Among the 2005 gifts: $19 million for the planned Crystal Bridges art museum in Bentonville and $2.1 million to jump-start a new cause: restoring depleted fisheries.
The foundation held $1.3 billion in assets at year-end 2005, up from $1.1 billion in 2004, according to the income-tax return it filed Wednesday.
Helen Walton, matriarch of Wal-Mart’s founding family, contributed $356.5 million last year, according to the tax return. The rest of the new money came from family trusts.
The Bentonville-based foundation is still far behind America’s richest, the Bill & Melinda Gates Foundation of Seattle. With $29 billion at yearend 2005, the Gates foundation dwarfed the second-ranking Ford Foundation even before Gates forged his charitable alliance with powerhouse investor Warren Buffett.
The Gates foundation also gives away the most money, $1.4 billion. The Walton Family Foundation ranks 17th in giving, according to the Foundation Center, a nonprofit foundation tracker in New York.
Until recently, the Walton foundation has channeled its money into three causes: overhauling education, lifting the impoverished Delta region of Arkansas and Mississippi, and helping already prosperous Northwest Arkansas.
Family spokesman Jay Allen said the Waltons have decided to help rebuild marine and freshwater fisheries, especially the Gulf of Mexico and the Gulf of California. The family’s interest in sustaining watery ecosystems extends to Delta wetlands.
S. Robson Walton, chairman of Wal-Mart Stores Inc., has a particular interest in marine and freshwater conservation, but other family members share it, Allen said. “It’s just something that they have developed an appreciation for in the last few years,” he said.
The foundation is managed by a board of trustees that includes Sam Walton’s widow, Helen Walton, and their children — S. Robson Walton, Alice Walton and Jim Walton — as well as a handful of Waltons from younger generations.
“They have a pretty sophisticated awareness of resource decline,” said Mark Powell, director of fish conservation for The Ocean Conservancy, which was the beneficiary of a $1 million donation.
The nonprofit conservancy is putting the Walton money to work in the Gulf of Mexico. Powell said that poor management of the fishery has depleted its “natural capital” — the fish — and that his Walton-financed approach emphasizes strategies that promise to benefit commercial fishermen as well as the ecosystem they rely upon. One idea: transferable quotas limiting the catch of decimated species such as red fish.
Walton money does not support any of the conservancy’s lobbying, Powell said.
“What the Waltons are funding,” he said, “is a very large effort to reach out to fishermen and fisheries managers, and the federal agencies that are in charge, and demonstrate to them as best we can the win-win scenario of restoring fish populations to abundance.”
The Walton Foundation also gave $1.1 million to Environmental Defense, formerly known as the Environmental Defense Fund. The organization is working alongside The Ocean Conservancy in the Gulf of Mexico.
The foundation continued to direct most of its seven-figure donations to education, however.
Sam Walton’s middle son, John, who died in June 2005 in an experimental-airplane crash near his home in Jackson Hole, Wyo., was the prime mover behind the foundation’s support of charter schools and other education changes.
“But the family remains committed to K-12 reform,” said Allen, the Walton spokesman. The Waltons’ education ideas, including merit pay for public-school teachers, have proved contentious. Some public-school interests have complained that they undermine traditional public schools.
Among education-overhaul groups receiving $1 million or more were the Alliance for School Choice Inc., $1.9 million; Brighter Choice Foundation, $3.3 million; Building Excellent Schools, $1.1 million; California Charter School Association, $2.6 million; Charter Fund Inc., $3.3 million; Children’s Educational Opportunity Foundation, $5.6 million; Children’s Scholarship Fund, $13.3 million; KIPP Foundation, $1.2 million; National Alliance for Public Charter Schools, $1.5 million; New Schools Venture Fund, $5.9 million; and Pacific Charter School Development Inc., $2.4 million.
It’s not unusual for the Waltons to devote a large proportion of the foundation’s grants to education changes. The Walton Family Foundation has been the most generous private philanthropy in the country in supporting charter schools, according to a report issued this month by Education Sector, an independent educationpolicy research group in Washington.
The Waltons’ gifts for K-12 schooling have outpaced the educational philanthropy of Ford, Carnegie, Kellogg and other venerable names in philanthropy, according to Education Sector.
The Walton Family Charitable Support Foundation, a separate foundation established by the Waltons, also filed its tax return Wednesday. It listed $77.2 million in assets, down slightly from $78.8 million in 2004.
- Click here to read more about the Waltons’ charitable giving.
- Click here to read about the family’s efforts to eliminate the estate tax.
Posted by Laura Jack on Friday, November 17, 2006







COMMENTS
I appreciate WMW for posting this about the Waltons. They are not all bad and yes they have the money to give, nad we
should thank the Waltons for that.
I believe the above article is quite fair. Thanks again to WMW and to the Waltons for giving.
The only minor complaint I have is --the including of the
link to the “estate tax”. I won’t comment further
knowledgeable in
Friday, November 17 at 01:13 PM
Yea right. The top 11 richest people come in 37th place for giving.
Wow! That’s real good.
R E M E M B E R
J O N Q U I E R E
H O M E
O F
W A L M A R T
W O R K E R
A B U S E
Alex in Ontario, Canada
Friday, November 17 at 03:39 PM
Alex-
Let me ask you this: Do the Waltons have to give anything at all? It is their money after all. Instead of crying about how it isn’t enough, you should be applauding their generosity.
Someone in USA
Friday, November 17 at 03:53 PM
Boy: Hey Mom! I came in 37th at the marathon this weekend!
Mom: But Sam, I thought that you were rated in the top 10 this year?
Boy: Well that’s right mom. But shouldn’t I be applauded for putting in the minimum I could get away with anyway?
Mom: Well son, you sure are not going to amount to much in this world with that behaviour.
Boy: Yea, I guess your right. I sure must have let everyone down. I guess I haven’t fooled anyone mom. Sorry. I need to grow up instead of thinking that I can fool everybody.
Alex in Ontario, Canada
Friday, November 17 at 10:31 PM
Bob-
Why is it that these people seem to think that the wealthy are obligated to give all of their money away? It’s theirs, and if they want to buy up expensive artwork, then that is their right. This is no different than any of us posting here. We have the right to spend our money how we see fit (so long as it’s legal), and no one can tell us that we have to donate X amount to charity.
Charitable giving is admirable, and I agree that the Waltons could give more. However, that they have given anything at all when they didn’t have to is something to be praised, not criticized by envious individuals like Alex.
Someone in USA
Saturday, November 18 at 01:34 AM
How can you brag about Walmart being the worlds number 1 retailer while they are down to 37th when it comes to giving back to their communities?
R E M E M B E R
J O N Q U I E R E
H O M E
O F
W A L M A R T
W O R K E R
A B U S E
Alex in Ontario, Canada
Saturday, November 18 at 09:34 AM
Missing the point. Is it good that anything was given at all? Yup. Is it anywhere near what they COULD have given? I think we all know the answer to that. They don’t HAVE to do anything, we all know that but that isn’t the point and if anyone is confused as to what the point is than I doubt that anyone can explain it to them.
Generic Wal-Mart Wageslave in Michigan
Saturday, November 18 at 02:35 PM
Isn’t the point that they shouldn’t have had all that money in the first place? If they weren’t exploiting the poor and the environment, they wouldn’t be so wealthy. Therefore, they should make their money without exploitation, and then, when they are slightly less ridiculously weathly, do what they want with that money.
Claire in Sackville, NB, Canada
Saturday, November 18 at 05:42 PM
Thankyou fellow Canadian.
I don’t think that anyone could put it as well as you did.
R E M E M B E R
J O N Q U I E R E
Alex in Ontario, Canada
Saturday, November 18 at 06:03 PM
Above we have another person that thinks National Health Care just falls out of the sky. Yet the truth is that it is not free (that is hard to get through to our friends south of the borders heads). We pay for it with our taxes. It is a system that I would never trade with your system.
Class envy? If that is so, why do you feel so threatened that you have to keep the lowest paid workers below you? Do you feel threatened?
R E M E M B E R
J O N Q U I E R E
H O M E
O F
W A L M A R T
W O R K E R
A B U S E
Alex in Ontario, Canada
Saturday, November 18 at 10:29 PM
IRONHEAD, you state, “I am one of the lucky ones, and I thank God that I am a member of an orginized labor UNION. One that pays for my healthcare and that of my family, my retirement, my anuity, and my vacation fund. One that has my back should I be wrongly fired, or treated poorly. One that has negotiated wages and bennifits that my family and I can live on comfortably. One that we vote on issues that concern us (the workers) in the work place, and have a voice in our future. THANK GOD for the UNIONS!!!!!!!!!
Where does the union get all the money to pay for these great things you mention?
Michael D. in Connecticut
Sunday, November 19 at 09:10 PM
Michael D. in Connecticut
It is part of the negotiated contract. The company pays into these accounts over and above my salery. This would not be possible were it not for the UNIONS. BTW my union dues are $37.50 per mo. Which is not quite 2 hours work.
Think about it, $21.00 per hour, wages… $3.00 per hr. into my annuity...., $3.00 per hr. into my insurance...., $3.50 per hr into my retirement....,and $2.50 per hr. into my vacation..., and all for $37.50 per mo........THANK GOD FOR THE UNIONS!!!!!!!!!!!
IRONHEAD in idabel oklahoma
Sunday, November 19 at 09:41 PM
Michael D. in Connecticut
I answered your question, now answer mine.
What is your position with WAL-MART, and what are your bennifits?
DAVE SMITH
PROUD UNION IRONWORKER
IRONHEAD in idabel oklahoma
Sunday, November 19 at 10:03 PM
IRONHEAD -
I am a Store Manager with Wal-Mart.
My benefits are too lengthy to list…
My dues are $0.00 per month!!!
Michael D. in Connecticut
Monday, November 20 at 12:27 AM
Michael D......Don’t try to fool anyone with all your benefits you say you have. Well big mouth, just get sick a day and your company will tell you that you have no sick time. Yes everyone, I was a manager at Wal-Mart and was sick a day and the company told me that managers have no sick time off. Michael D....go blow some smoke somewhere else.
Bill in
Monday, November 20 at 02:06 AM
Michael D. in Connecticut
Now tell me this......What are the benifits for the non-management walmart associates? I’ll bet that they can’t compete with yours or mine for that matter. But if they vote in a UNION, they can negotiate for much better benefits than they have now. And if they do have to pay UNION dues of a couple of hours per month, but if their dues can help them to get real medical coverage, more hours, a constant work scedual, better treatment from the company, job security, full time employment sooner, ect............. Whats that worth to your average employee? I’ll bet it’s worth more than what the dues are, by far.
You and most management have this ...I’ve got mine you get yours the best way you can(but don’t you dare ask for help from a union) attitude. People are fed up with that kind of treatment from your kind. People are tired of those that shit all over their fellow man to get what they want, no matter what the cost to everyone else.
But you and the rest of the company crowd are scared of the idea of strength in numbers. You and I know that people as a single unit are disposable but as a large group they get the upper hand. You and I know that the “united we stand devided we fall” saying is true, the rest of your employees are starting to wise up, and it wont be long untill there are UNIONS in WM. You know it, and I know it.
DAVE SMITH
PROUD UNION IRONWORKER
IRONHEAD in idabel oklahoma
Monday, November 20 at 02:24 AM
The question we are all asking is if the workers get more [God forbid them being able to support their family] what would the Walmart family do? Does anyone realize how embarrasing it is to drop out of the top 10 richest people in the world.
God forbid!!!
R E M E M B E R
J O N Q U I E R E
Q U E B E C
H O M E
O F
W A L M A R T
W O R K E R
A B U S E
Alex in Ontario, Canada
Monday, November 20 at 05:49 PM
IRONHEAD,
“but if their dues can help them to get real medical coverage, more hours, a constant work scedual, better treatment from the company, job security, full time employment sooner, ect.............”
Here’s what’s wrong with your thinking, this comes from the newest thread to this site:
“there is no denying that health care costs are a crushing burden for the automakers. General Motors pays out more in health care than any other company in the country: some $5 billion a year. Health care costs add $1,500 to the price of every General Motors automobile. Over the decades, the company negotiated extraordinary retiree health benefits with the United Auto Workers.”
And, look at what those extraordinary health benefits have done to that company, now, you guys want Wal-Mart to get themselves into this same situation, why would they want to do that? You have to remember one principle, “For every action, there is an equal reaction” and that reaction is higher prices, which will make people go somewhere else to shop, that’s what happened to your favorite ‘mom & pops’, do you really think that Wal-Mart is so stupid, they would want to run themselves out of business? People here wonder why Wal-Mart doesn’t take their advice and raise wages and give better benefits, but, fact is, rich people don’t take advice from people who can’t even take care of their own lives and can’t get ahead without asking for handouts.
Bob in
Monday, November 20 at 11:57 PM
Wrong, you care about the Waltons.
We care about the people who’s names you don’t know.
R E M E M B E R
J O N Q U I E R E
Q U E B E C
H O M E
O F
W A L M A R T
W O R K E R
A B U S E
Alex in Ontario, Canada
Tuesday, November 21 at 07:41 AM
IRONHEAD…
“Now tell me this......What are the benifits for the non-management walmart associates? I’ll bet that they can’t compete with yours or mine for that matter.”
My benefits are the same as the hourly associates.
“But if they vote in a UNION, they can negotiate for much better benefits than they have now. And if they do have to pay UNION dues of a couple of hours per month, but if their dues can help them to get real medical coverage, more hours, a constant work scedual, better treatment from the company, job security, full time employment sooner, ect.............”
You neglect to say if this is guaranteed or if it’s a “possibility?”...we all know the answer...why would I elect someone to speak for me if they guaranteed me nothing? you all talk like the unions guarantee you something...that’s a load of crap!!
“You and most management have this ...I’ve got mine you get yours the best way you can(but don’t you dare ask for help from a union) attitude. People are fed up with that kind of treatment from your kind. People are tired of those that shit all over their fellow man to get what they want, no matter what the cost to everyone else”
Sorry for what I believe in. That is why this is called The United States of America. I prefer things like this versus your ideologic utopia that represents a pseudo-socialist state where evryone can be equal. I’ll be God-damned if I am going to bust my tail at work and not get ahead! I have a nice house, a nice car, and a nice family because I worked at it. I do not expect anything handed to me because I was part of a “group” or because I was a number in the “strength in numbers” argument.
“and it wont be long untill there are UNIONS in WM. You know it, and I know it.”
Don’t hold your breath!!!
I respect your decision to be a member of a union, and I respect your decision to back your union. The iron industry needs unions due to the nature of the business.
Michael D. in Connecticut
Wednesday, November 22 at 09:07 PM
Comment Policy
WalmartWatch.com reserves the right, in its sole discretion, to remove or refuse to post blog comments.