The Walmart Foundation recently announced that it would make a $2 million donation to help food banks save money on their energy bills.
Food banks rely entirely on donations to provide canned and perishable food items to families in need. Thanks to the recession, donations have dwindled while demand for assistance has soared.
Because of the massive donation, 16 food banks across the country will become more energy efficient through simple and relatively low-cost upgrades to lighting, refrigeration or heating and air conditioning equipment that performs better, uses less energy and costs less to operate.
“In addition to helping reduce operating costs, these improvements will make the Food Bank a more environmentally-friendly organization —something that is very important to us,” said Lucy Cabrera, president and CEO of Food Bank For New York City, which recieved nearly $383,000 of Walmart’s donation.
The Foundation estimates this donation will save the food banks more than $625,000 in energy costs (enough to buy 390,000 pounds of food) and reduce energy use by more than 5.2 million kilowatt hours (enough to power more than 400 homes for a year).
In May 2010, Walmart and the Walmart Foundation announced a $2 billion cash and in-kind commitment through the end of 2015.
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