Walmart gives more than $7 million in Maryland

July 14, 2014|By Natalie Sherman, The Baltimore Sun

Walmart and the Walmart Foundation said Monday its cash and in-kind donations in Maryland totaled more than $7 million in the last fiscal year.

The retailer, which earned $16 billion in net income for the year, donated more than $1.3 billion to non-profit groups globally. The Maryland donations included 3.2 million pounds of food — the equivalent of 2,672,968 meals, according to the company.

Money raised by the company through its employees and customers totaled an additional $1.3 million, Walmart said in a news release.

The firm's top executives each received between $8.1 million and $25.5 million in total compensation in fiscal 2014, with the exception of former President and CEO Michael T. Duke, who received $5.6 million. (Duke, who retired in January, received $20.6 million in fiscal 2013, an amount reflecting stock awards, according to the firm's publicly filed documents.)

Groups that received donations included the American Red Cross, Chesapeake Region and The Arc Baltimore, which serves people with intellectual and developmental disabilities.

nsherman@baltsun.com

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