Wal-Mart Gives Over $500K to N.Y. Food Banks

The Food Bank Association of New York State said on Tuesday it received $577,000 from the Wal-Mart Foundation, as part of a new partnership to provide funding, food, and volunteers to eight regional food banks across the state.

Last year, Wal-Mart Stores, Inc. gave more than $7 million in cash and in-kind donations to causes and organizations throughout New York. The company has a strong presence in the state, with 92 Wal-Mart stores, 17 Sam's Clubs, and three distribution centers.

With the food banks' economies of scale, Wal-Mart's grant has the potential of supplying more than $6 million worth of food to the needy.

The retail giant's gift includes a cash grant from its foundation for $322,000, an additional award of $25,000 to seven of the Food Bank Association's eight affiliates and an $80,000 grant to the Food Bank of New York City.

Wal-Mart said it plans to host food drives in its New York stores over the next year. Store associates in New York State will participate in individual volunteer activities. The discounter also donated a trailer of food for Tuesday's announcement.
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