Market Overview

Walmart Supports Future Leaders Through $2 Million in Funding to the Congressional Black Caucus Foundation and the Congressional Hispanic Caucus Institute


Walmart awards $1 million both to the Congressional Black Caucus
Foundation and the Congressional Hispanic Caucus Institute to help
provide internship opportunities on Capitol Hill for diverse youth

Today, Walmart announced $2 million in grants to organizations working
to expand internship opportunities for diverse youth populations, the
Congressional Black Caucus Foundation, Inc. (CBCF) and the Congressional
Hispanic Caucus Institute (CHCI). The grants build on previous Walmart
funding to the two nonprofits, bringing the company's total investment
to more than $6 million over the last several years. The funding will
help provide career pathways on Capitol Hill for students and young
professionals through education and hands-on experience in the nation's

"At Walmart, our commitment to diversity and inclusion spreads beyond
our stores and out into the communities where our associates and
customers live," said Julie Gehrki, vice president of programs at
Walmart. "Through relationships with organizations like CHCI and CBCF
that reflect the diversity of American society, we can open the door to
help more young people build a career in public service and expand the
pipeline of talent on Capitol Hill and beyond by providing our future
leaders with the tools needed for success."

At a time when people of color currently make up less than 20 percent of
U.S. lawmakers (Pew Research Center), these grants come at a critical
moment. Although diverse populations represent approximately 36 percent
of the population, only 7.1 percent are senior staffers in the Senate,
according to the Joint Center for Political and Economic Studies.

The CBCF will receive a three-year, $1 million grant to help prepare
college students and young professionals for careers in public policy
and advocacy. The funding will provide exposure to the development and
implementation of national policies – from Capitol Hill to federal field
offices – as well as support intern housing, monthly stipends,
professional development and leadership training.

A three-year, $1 million grant to the CHCI will provide Latino
undergraduates with paid summer or spring Congressional internships.
Through Walmart's support, students will gain valuable work experience,
benefit from a strong leadership development curriculum, participate in
a community service project and interact with professionals and industry
leaders in Washington, D.C.

"The CBCF is committed to increasing diversity on Capitol Hill and in
the public sector by creating a new generation of informed and engaged
citizens and leaders," said Congresswoman Sheila Jackson Lee, Chair,
CBCF Board of Directors. "Internships are a critical component toward
building a career in public policy. Through Walmart's continued support
and dedicated partnership, the Congressional Black Caucus Foundation has
successfully increased the number of scholars who have access to the
intern-to-staffer pipeline."

"Walmart has led the way as the Founding Partner for CHCI's
Congressional Internship Program by significantly investing in our
nation's future leaders, "said Rep. Joaquín Castro, chair of the
Congressional Hispanic Caucus Institute. We value Walmart's support of
CHCI's mission to address underrepresentation of Latinos on Capitol Hill
by providing transformative experiences and the critical skills needed
to embark on careers in public service."

Walmart has a long history supporting diversity and inclusion to create
equal access to opportunity. Recently, Walmart and the Walmart
Foundation granted nearly $4 million to organizations helping to promote
access, equity and inclusion among diverse populations. The funding was
part of the Foundation's Diversity & Inclusion competitive grant
competition, which provides support to initiatives with measurable
impact on and demonstrated reach into diverse communities including
African Americans, Hispanic/Latino, Native American, Asian American and
Pacific Islander, women and girls, the LGBTQ community and individuals
with disabilities.

For more information on Walmart's commitment to diversity and education,
please visit

About Walmart

Walmart Inc. (NYSE:WMT) helps people around the world save money and
live better - anytime and anywhere - in retail stores, online, and
through their mobile devices. Each week, nearly 270 million customers
and members visit our more than 11,700 stores under 65 banners in 28
countries and eCommerce websites. With fiscal year 2018 revenue of
$500.3 billion, Walmart employs approximately 2.3 million associates
worldwide. Walmart continues to be a leader in sustainability, corporate
philanthropy and employment opportunity. Additional information about
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