Sam's Club to Distribute $4 Million Via Members' and Associates' Online Votes

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Philanthropy News Digest (CFED)
April 12, 2010

Sam's Club has announced the launch of Giving Made Simple, an online voting campaign to determine how the company should allocate $4 million in charitable contributions to organizations dedicated to youth education and entrepreneurship.
Part of an $18.5 million charitable giving fund, Giving Made Simple will enable Sam's Club members and associates to vote on how the company distributes funds among Girls Inc., Junior Achievement, Network for Teaching Entrepreneurship, and YMCA of the USA in the youth education category; and ACCION USA, the Community Reinvestment Fund, the Corporation for Enterprise Development, and Kiva in the entrepreneurship category. The nonprofits, which Sam's Club executives selected after an initial application process, will use the funds to teach entrepreneurship, financial literacy, and job skills, with a focus on girls and at-risk populations; work to revitalize communities through job creation and support for small businesses; and make loans to entrepreneurs around the world.

More than 47 million Sam's Club members and 100,000 U.S. associates can cast one vote per day for their preferred nonprofit through May 2, 2010. In each category the top vote-getter will receive $1 million, the runner-up $500,000, and the others $250,000 each.

"Giving Made Simple is an exciting addition to our charitable efforts and complements our core business strategy that puts our members first in everything we do at Sam's Club," said president and CEO Brian Cornell. "We believe that unlocking the potential of entrepreneurs is essential to the prosperity of our economy, and with the help of these leading organizations we are preparing our youth for life-long success and enabling small business owners to thrive and succeed."

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This page contains a single entry by Ernest Roberts published on April 12, 2010 8:11 PM.

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