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Wal-Mart and Sam's Club to Give $6.9 Million in Scholarships Nationwide

BENTONVILLE, Ark. -- More than 6,700 top-notch high school seniors and graduates this week will receive scholarships ranging from $1,000 to $25,000 from the Sam M. Walton Community Scholarship program, a nationwide program funded by the Wal-Mart & Sam's Club Foundation.

This year, Wal-Mart will provide a total of more than $6.9 million in scholarships through the program.

"We hope that by helping so many young people reach their dream of a higher education, we can help improve the standard of living for families, local communities and our national community," said Betsy Reithemeyer, v.p. of corp. affairs for the Wal-Mart & Sam's Club Foundation at Wal-Mart Stores, Inc.

Up to two local winners are selected through every Wal-Mart store, Sam's Club, and Neighborhood Market across the U.S. and Puerto Rico to receive $1,000 each. State winners of the scholarship receive $5,000 for college.

The Sam scholarship program, now in its 25th year, is designed to provide financial assistance to graduating seniors for their high academic achievement and their participation in school extracurricular work and community service activities.

Since its Community Scholarship program began, Wal-Mart has awarded more than $50 million in scholarship assistance. Wal-Mart has provided more than $100 million in scholarship assistance over the last 25 years, through many other programs.
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