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  • Tom Boyd

The Walmart Legacy

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

http://www.forbes.com/sites/clareoconnor/2014/06/03/report-walmarts-billionaire-waltons-give-almost-none-of-own-cash-to-family-foundation/ 6/3/14

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. Whereas Bill Gates and Warren Buffett have given 36.2% and 26.9% of their respective wealth to charitable causes, the Walmart heirs have between them given 0.04% of their fortune, per the report http://www.scribd.com/doc/227917109/Walmart-1-Percent-Report

Meanwhile, the average middle class earner with a salary of $50,000 to $99,000 contributes 6% of their discretionary income to charity, says the report, basing this figure on data from The Chronicle of Philanthropy.

Merry Christmas

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