Walmart increases investment in American communities
June 25, 2013
Many times, when a foundation gives grants to nonprofit organizations, it tends to concentrate efforts within a given community. This way, local interests can be taken care of financially and the impact might seem larger.
However, other organizations have been known to give grants to regions around the nation, even sometimes on an international scale. The Walmart Foundation, for instance, recently announced $14 million in grants that will be given to five charities with bases in 450 communities across the United States.
There is a link between the nonprofits chosen as recipients - each aims to provide children and families with meals and nutrition information so they can stay healthy. Among those being given grants include Alliance for a Healthier Generation, Texas Hunger Initiative and the YMCA of the USA. Approximately 1.7 million children and families will be able to benefit from the projects being funded. Many think that this comes at the perfect time, with school ending for the summer.
"At Walmart, we recognize that many children rely on the meals provided at school to sustain an adequate nutrition level, and often go without after class ends and during summer vacation," explained Walmart Foundation Senior Director Julie Gehrki. "That's why we're committed to supporting organizations that work to ensure children have access to meals all year long."
The foundation made news in 2012 when its charitable efforts gave cash and in-kind donations valued at more that $1 billion.
Foundations and organizations that provide annual funding might benefit from nonprofit accounting software, which can help board members audit funds and make sure the correct amounts are being distributed to various programs each year.