Walmart tops list of charitable givers
No company gave more money and products to charity in 2011 than Walmart, according to The Chronicle of Philanthropy’s annual ranking. The publication put Walmart at the top of its list of the 10 most charitable companies, indicating that the company donated $342 million in cash and $616 million in products last year. That is the equivalent of 4.1% of the company’s 2010 pretax profits. “Walmart continues to make good on its 2010 $2 billion pledge to help feed low-income people,” according the publication. “Last year, it provided $60 million and 338 million pounds of food to anti-hunger groups.