#Walmart The Walton Family Foundation is considered a heavyweight - TopicsExpress

#Walmart The Walton Family Foundation is considered a heavyweight in the world of nonprofits with just under $2 billion in assets. However, almost none of that cash has come from the Walmart heirs themselves. The report goes on to detail how the Foundation has been funded over the years, namely by tax-avoiding trusts established with assets provided by the late Sam, Helen and John Walton or their estates. The study found that 99% of the Foundation’s contributions since 2008 have been channeled through 21 Charitable Lead Annuity Trusts. These CLATs, as they’re known, are specifically designed to help ultra-wealthy families avoid estate and gift taxes.

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