Week 3 EOC. Making money for good.

There are many new attractive businesses that are on the rise. According to Forbes.com, “In recent years, two new types of corporations have been created to address the goals of making money, attracting private investors and addressing societal concerns:  the benefit corporation and L3C.  A study shows more than $120 billion in potential investments for these socially -minded companies.   The emergence of these corporations serve as alternatives to the traditional C or S Corporation structures.” http://www.forbes.com/sites/evangelinegomez/2012/01/13/the-rise-of-the-charitable-for-profit-entity/

Wal-Mart is a company that turns a profit, while at the same time making money for a charitable purpose. Research done by Forbes.com has stated that “In terms of the sheer size of cash donations, Wal-Mart Stores (nyse: WMT - news - people ), the nation's largest retailer, would be at the top of the list. The Arkansas company gave some $197 million last year in cash ($188 million of it in the U.S. alone). That puts Wal-Mart ahead of Bank of America (nyse: BAC - news - people ), Johnson & Johnson and Altria Group (nyse: MO - news – people.  From the following link, http://www.forbes.com/2005/11/11/charities-corporations-giving-cx_lm_1114charity.html  I think that it is especially good for the giving back that WalMart does for the teachers by giving them money for school supplies which come very needed in this time of economic distress and education system down fall.  According to Drugstorenews.com http://www.drugstorenews.com/article/walmart-gives-back-teacher-rewards-program “Through the Teacher Rewards program, more than 4,600 U.S. Walmart stores, distribution centers and Sam's Club locations are eligible to select one local kindergarten through eighth grade public school and provide $50 reward cards to 20 teachers. Winning teachers can use the funds to purchase essential items for their classrooms such as paper, folders, binders, clipboards, pens, pencils, crayons and markers. Now in its fourth year, Walmart said its program is donating up to $4.5 million to help 90,000 teachers across the country.