Walmart pledged $100M for a racial equity center, not for Black Lives Matter

Social media is rife with claims that major corporations are promising to give Black Lives Matter colossal sums.

Recently, we rated as False a post on Facebook that Bank of America had pledged $1 billion to Black Lives Matter. 

The bank announced it would donate $1 billion over four years to communities of color and minority-owned businesses affected by COVID-19, but no money directly to the Black Lives Matter organization.

Now comes a Facebook post with this claim:

"Wal mart has just pledged $100 million to Black Lives Matter. Are YOU still shopping there?"

The post was flagged as part of Facebook’s efforts to combat false news and misinformation on its News Feed. (Read more about our partnership with Facebook.)

Similar to the Bank of America case, this post is wrong.

Walmart in June announced that it and the Walmart Foundation are pledging $100 million to create a racial equity center.

Featured Fact-check

Ryan Fournier

stated on June 11, 2020 in a status

“All money donated to Black Lives Matter goes directly to Act Blue, a Democrat Super PAC that then feeds the money to Democrat candidates.”

The center "will support philanthropic initiatives that align with four key areas: the nation’s financial, healthcare, education, and criminal justice systems."

No decisions have yet been made on which organizations will receive funds from the center, a Walmart spokeswoman told PolitiFact.

Walmart is among a number of corporations, foundations and others have made multimillion-dollar donations for racial justice, according to the Chronicle of Philanthropy.

Two Black critics of the Walmart initiative have said Walmart should instead spend money on its employees, for things such as wages, paid leave and health care.

We rate the claim False.