Ethics and Compliance Paper
University of Phoenix
Finance for Business/ FIN370
September 9, 2009
Wal-Mart is a global conglomerate of economically priced everyday household items housed in mega-stores in most major cities having Sams’ Wholesale membership only club and anchored by Wal-Mart.com. Wal-Mart employs over 2 million associates throughout the world with 1.4 million employed in the United States alone. Charitable giving is part of the initiative and expounds on the art of giving back. At Wal-Mart, we believe in a philosophy of operating globally and giving back locally. We are proud to be a "store of the community" for all of the communities we serve by helping to provide financial and volunteer support to more than 100,000 charitable and community-focused organizations, and by utilizing our locations to provide opportunities for our customers and associates to give back (Wal-Mart.com) One of the initiatives discuss as a goal for 2009 was the commitment to donate 90 million pounds of food by November 2009, at time of this report donations equate to 85 million in cash value and 33 million tons of fresh produce and meat along with other nutritional staples to local food banks and charitable organizations here in the United States and around the world. The actions of all employees at Wal-mart resulted in over 423 million dollars of donations and in-kind gifts over the 2008 fiscal year up some 85.6 million globally from 2008. The Wal-Mart foundation has a number of charitable facets that have benefited from the assistance of employees and citizens in concert to support Education, Workforce Development/Economic Opportunity, Health and Wellness, and Environment Sustainability. As a corporation Wal-Mart empowers her employees to elect non-profit organizations to receive grants of up to 5000.00 that provide services to the community. The state giving program created in 2008 has given 24 million in grants to 736 organizations in 52 states including...
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