Walmart 2003 Annual Report Download - page 15

Download and view the complete annual report

Please find page 15 of the 2003 Walmart annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 56

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56

In addition to these Company
programs, Wal-Mart Associates
continued to lead the way in their
own personal giving and fund raising,
contributing more than $9.5 million
to local United Way chapters in the
U.S. and Puerto Rico matched by the
Foundation for a total contribution
of more than $19 million. It was
also another record year for the 170
hospitals and clinics in Canada and the
U.S. that are supported by Children’s
Miracle Network, with $34 million
raised and contributed through the
efforts of Associates.
Wal-Mart is more than a good
corporate citizen and a good neighbor;
it’s a caring employer that never forgets
the Associates who make the Company
work. That’s why Wal-Mart launched
in fiscal 2003 an important new
program in the U.S. called the Associate
in Critical Need Trust. Supported with
funding from Wal-Mart, the trust also
receives contributions from members
of management to help Associates
during times of financial hardship
due to death, catastrophic illnesses or
unforeseen circumstances. A registered
501(c3) organization, the trust supports
Wal-Mart Associates with tax-free
gifts during times of need. More than
$2.8 million was raised the first year,
assisting more than 2,800 families.
It’s just another example of giving,
helping and doing, a philosophy that
has become a way of life at Wal-Mart.
13
America’s Most Admired Company
FORTUNE magazine
announced in February
that Wal-Mart is now
America’s Most Admired
Company, based on a
respected survey of
10,000 executives,
directors and
securities analysts.
“You add it all up,”
said financier Warren
Buffett in the article,
“and they have
contributed to the
financial well-being
of the American
public more than
any institution
I can think of.”
This recognition is a tribute to our hard-working Associates and their
never-ending commitment to our Customers.