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Wal-Mart Donates $2.5 Million to Support Relief Efforts in Response to Hurricanes Ike and Gustav

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2008-09-17 23:49:24     
Wal-Mart Stores, Inc.

Responding to the hurricanes that have swept through Louisiana and Texas, Wal-Mart announces today a $2.5 million commitment to assist with relief efforts. The retailer's commitment -- a combination of both cash and merchandise donations -- will provide much needed support to those affected by Hurricanes Ike and Gustav.

In addition to continuing product donations, such as water, food, and hygiene products, the contribution announced today will support longtime Wal-Mart partners in the area of disaster response, the American Red Cross, The Salvation Army, and Feeding America. The donation will also support the Texas Disaster Relief Fund and Baton Rouge Area Foundation's efforts in Louisiana and Texas. Each organization will receive a portion of the commitment.

"At Wal-Mart, we work hard to provide support to the communities we serve when they need it most," said Margaret McKenna, president of the Wal-Mart Foundation. "Given the magnitude and the devastation caused by Hurricanes Ike and Gustav, it is important that we intensify our relief efforts and help those who have been affected."

Wal-Mart is also committed to helping ease the burden for its associates, who are dealing with these unforeseen events. To date, the Wal-Mart Foundation has allocated more than $2 million in grants to associates who have sustained significant damage to their homes.

"In this time of disaster, aid from Texas' private sector is invaluable to our relief and restoration efforts," said Governor Perry. "The unwavering support from corporate leaders across the country, like Wal-Mart, is making an incredible impact toward restoring Texas communities and easing recovery efforts throughout our state. We cannot thank Wal-Mart enough for their generous donation to the Texas Disaster Relief Fund which will be a powerful asset as we work to deliver needed supplies to Texans affected by Hurricane Ike."

"We are very appreciative of Wal-Mart's contribution to the American Red Cross, which will help us provide much needed relief to those in need during the 2008 hurricane season," said Jeffrey Towers, Chief Development Officer of the American Red Cross. "It's through the generous support of corporations such as Wal-Mart that we are able to assist all of our community members in the midst of natural disasters."

"Wal-Mart's contribution to The Salvation Army in this time of need is just another example of the generous support they have provided us throughout the years," said Major George Hood, National Community Relations Secretary at The Salvation Army. "This donation furthers our ability to provide long-term care and comfort to the individuals and families who have lost so much following these hurricanes, something that is greatly appreciated."

"We are thrilled to receive this generous donation from the Wal-Mart Foundation. Hurricane Ike has left thousands and thousands of people throughout Texas and Louisiana urgently in need of emergency food, bottled water and other groceries. Our food bank in Houston alone estimates that it will need to provide 500,000 pounds of food and grocery products every day for the next six weeks to meet the need," said Vicki Escarra, president and CEO of Feeding America. "Meanwhile, Baton Rouge and other areas throughout Louisiana are still reeling from the aftermath of Hurricane Gustav. Wal-Mart has come forward with a much-needed financial gift to help make our work possible."

In addition to support from the Wal-Mart Foundation, yesterday, Wal-Mart committed three tractor trailers and drivers to assist the state of Texas in delivering relief supplies in the affected areas. Wal-Mart's Health and Wellness division is also assisting with the prescription needs of evacuees at 16 shelters in the Dallas Metroplex, including the Dallas Convention Center, and an additional shelter in Monroe, La.

Wal-Mart has long been recognized as a corporate leader in the area of disaster relief. The company, in 2005, helped the victims of Hurricane Katrina by donating more than $32 million in cash to aid emergency relief efforts, which included $2 million in contributions to the Red Cross. Last year, Wal-Mart provided more than $2 million in disaster relief funds to assist with recovery from floods and tornadoes as well as wildfires and winter storms nationwide. Long-standing partnerships with the Red Cross and The Salvation Army have made many of these efforts possible.

For additional information on Wal-Mart's hurricane relief efforts, visit http://walmartstores.com/CommunityGiving/.

About Philanthropy at Wal-Mart Stores, Inc.

Wal-Mart Stores, Inc. (NYSE: WMT) and its foundation are proud to support the charitable causes that are important to customers and associates in their own neighborhoods. Through its philanthropic programs and partnerships, the company supports initiatives focused on enhancing opportunities in education, job skills training, sustainability, and health and human services. In 2007, Walmart, Sam's Club and the Wal-Mart Foundation gave $296 million to communities across the United States. To learn more, visit http://www.walmartstores.com/community.

About Wal-Mart Stores, Inc. (NYSE: WMT)

Wal-Mart Stores, Inc. operates Wal-Mart discount stores, Supercenters, Neighborhood Markets and Sam's Club locations in the United States. The company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. Wal-Mart serves more than 176 million customers weekly in 14 markets. The company's securities are listed on the New York Stock Exchange under the symbol WMT. For more information: http://www.walmartfacts.com.

Specialized in: Support Relief Efforts - Donates - Wal-mart - Gustav - Hurricanes Ike
URL: http://walmartstores.com
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