kudos to Wal-Mart

I don’t usually read “The New York Times“, but I did stumble across this article this morning.

Wal-Mart has donated 90 million pounds of fresh food to Feeding America, which is the nation’s largest non-profit organization addressing hunger. The cool part is that it sounds like its not just a one time donation, but instead will be an annual one. And the even cooler part, in my opinion, is that Wal-Mart will be refusing the tax deduction. I think that’s why the amount was given in pounds versus dollar value.

Where you at K-Mart?

4 thoughts on “kudos to Wal-Mart”

  1. When I lived in Washington, DC a few years ago, I went and volunteered at a Wal-Mart sponsored event. They had a bar-b-que and fed the injured troops at Walter Reed Medical Center. I’m not a big fan of Wal-Mart, but they give back to the community.

  2. Being a geeky accountant, I feel they should take the tax deduction so they can afford to give even more. That’s good stewardship in my book. The reason they are probably not taking it is because it is hard to value. The food bank can only give them a receipt for donated goods (described in pounds and isn’t allowed to write dollars) and Wal Mart is responsible for calculating and claiming the correct amount. But they can’t take the market value of the stuff because no one will usually buy day before expiration chicken for full price.

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