Wanna guess who is the leader in Corporate charitable contributions?
Why none other than the Corporation that liberals love to hate -- Wal-Mart.
From
MS/NBC/AP:
Wal-Mart keeps spot as top corporate charity
Wal-Mart Stores Inc. increased its U.S. charitable giving 10 percent last year to $272.9 million, the world’s largest retailer said Tuesday, likely defending its position as the country’s largest corporate donor of cash.
The rate of growth was lower than a year earlier, when Hurricane Katrina relief helped push the annual rise to 19 percent, but it was ahead of Wal-Mart’s 7 percent rise in net profit last year. The company’s profit for the fiscal year that ended Jan. 31 was $12.2 billion.
Bentonville, Ark.-based Wal-Mart released its annual donation numbers a few days after publicizing its annual bonuses to hourly store workers as it seeks to counter union-led critics by defending its record as a corporate citizen.
Heh... But these donations probably were selected at the Corporate level and given to special cases -- friends of Wal-Mart.
Internationally, Wal-Mart said its donations in 13 other countries where it has stores were also up 10 percent, to $28.9 million.
Wal-Mart said U.S. donations went to organizations including the National Teacher of the Year program, hospital aid group Children’s Miracle Network, the Salvation Army, United Way and food bank America’s Second Harvest.
Wal-Mart said the majority of donations are made at the local level by its 4,000 Wal-Mart and Sam’s Club stores to charities they pick.
“Supporting our local communities is at the very heart of Wal-Mart’s corporate giving philosophy. Our stores and clubs are empowered to support the issues and causes that are important to their neighborhoods,” Wal-Mart spokeswoman Shannon Frederick said.
Bzzzztttt. Wrong... Gotta love a successful business.
Posted by DaveH at March 27, 2007 8:17 PM