Walton Family Foundation

From SourceWatch
Jump to: navigation, search

Learn more about corporations VOTING to rewrite our laws.

The Walton Family Foundation was established as the culmination of the philanthropic interests of the family of Sam M. and Helen R. Walton, owners of Wal-Mart. Much of the focus of the foundation is on the privatization of the U.S. public school system.

The foundation held assets worth $733.9 million at the end of 2003. Its director is Buddy Philpot.

The foundation is governed by Helen Walton, Rob Walton and John Walton. Ben Walton is a board member.

Funding Milwaukee Charter Schools

On January 8, 2013, the Walton Family Foundation announced it had provided $1.4 million to four new charter schools in Milwaukee, Wisconsin. In its press release, the Foundation stated it has spent $6.2 million toward launching 36 new charter schools in Milwaukee since 2001. The Walton Family Foundation is the largest private investor in new charter schools across the country.[1]

Recipients included North Point Lighthouse Charter School (4200 W. Douglas Ave.), Bruce-Guadalupe Community School (1028 and 920 S. 9th St.), Carmen High School of Science and Technology's new north side campus (5496 N. 72nd St.), and Rocketship Milwaukee, opening its first charter school at 2933 W. Cleveland Ave. in the fall of 2013.

Support for the American Legislative Exchange Council

The Walton Family Foundation was a "Chairman" level sponsor of 2011 American Legislative Exchange Council Annual Conference, which in 2010, equated to $50,000.[2]

About ALEC
ALEC is a corporate bill mill. It is not just a lobby or a front group; it is much more powerful than that. Through ALEC, corporations hand state legislators their wishlists to benefit their bottom line. Corporations fund almost all of ALEC's operations. They pay for a seat on ALEC task forces where corporate lobbyists and special interest reps vote with elected officials to approve “model” bills. Learn more at the Center for Media and Democracy's ALECexposed.org, and check out breaking news on our PRWatch.org site.


References

  1. Erin Richards, "Walton Foundation gives millions to new Milwaukee charter schools" Milwaukee Journal Sentinel, January 8, 2013
  2. [American Legislative Exchange Council, 2011 Conference Sponsors, conference brochure on file with CMD, August 11, 2011]