Walmart, Walmart Foundation commit $100 million to racial equity

Walmart, Walmart Foundation commit $100 million to racial equity

Walmart and the Walmart Foundation have announced a five-year, $100 million commitment to establish a center focused on racial equity. 

Announced following a week of protests against police violence and racial inequality, the $100 million commitment is part of an ambitious effort by the company to "influence and lead change in society more broadly [by investing] resources and [developing] strategies to increase fairness, equity, and justice in aspects of everyday life." 

The goal of the center, according to a memo written by Walmart president and CEO Doug McMillon that was shared on the Walmart website, will be "to address systematic racism in society head-on and accelerate change." To that end, the center will support philanthropic initiatives focused on the nation's "financial, healthcare, education, and criminal justice systems."

"The center will seek to advance economic opportunity and healthier living, including issues surrounding the social determinants of health, strengthen workforce development and related educational systems, and support criminal justice reform with an emphasis on examining barriers to opportunity faced by those exiting the system," wrote McMillon.

(Photo credit: Walmart Foundation)

"Making a difference in racial equity." Walmart press release 06/05/2020.