Thursday, April 26, 2007

Waltons confirm intent, but reveal few details - Small Biz - USATODAY.com

Waltons confirm intent, but reveal few details - Small Biz - USATODAY.com: "n two short sentences, Wal-Mart's founding family late yesterday afternoon confirmed they intend to shake up philanthropy. The Waltons of Arkansas issued this statement through the giant retailer, reaffirming founder Sam Walton's long-ago pledge to donate to charity up to 20% of the family's now $80 billion in Wal-Mart stock. That's the stake Sam's widow, Helen (left), owned when she died last week at 87. When I wrote about that likely wealth transfer Monday, the Waltons had declined to comment.

In their statement, the Waltons didn't say which charity, and just barely gave a timetable -- over the next several years"

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