The Walmart Foundation Teams Up With the AARP Foundation to Help Unemployed Women...

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Mon Aug 17, 2009 10:52am EDT

The Walmart Foundation Teams Up With the AARP Foundation to Help Unemployed
Women Get Back to Work

$1.5 Million Grant From the Walmart Foundation Funds Scholarships for 450
Low-Income Women

WASHINGTON, Aug. 17 /PRNewswire-USNewswire/ -- The AARP Foundation Women's
Scholarship Program today announced a $1.5 million grant from the Walmart
Foundation that will help 450 women aged 40 and up receive job training and
educational opportunities that will help support themselves and their
families.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20070209/NYF043LOGO )

"In this economy more than ever, workers need the right skills and training to
increase their earnings potential. Women in particular don't always have the
resources in the second half of life to access the education they need," said
Robin Talbert, AARP Foundation president. "We are so pleased to work with the
Walmart Foundation to provide underserved women with opportunities to expand
their career options in later life."

The AARP Foundation Women's Scholarship Program provides scholarship funding
to women with moderate-to-low-incomes and limited financial resources.
Scholarships help women pay for public or private secondary school, including
community colleges, technical/vocational schools and four-year universities.
Winners can use funds for tuition, fees and books.

Nearly twice as many women as men will face poverty in their retirement years,
according to data from AARP. AARP data also reports that women earn 77 cents
on the dollar compared to men - which translates to an average of $250,000
less over their work lives to invest in retirement.

"The Walmart Foundation is committed to supporting workers in their efforts to
gain access to job opportunities," said Margaret McKenna, president of the
Walmart Foundation. "We are pleased to be a part of this project, which gives
mature women the opportunity to continue to play a vital role in the workforce
while providing for themselves and their families."

In 2008-- the Women's Scholarship Program's first year--more than 100
scholarships ranging from $500 to $5,000 were awarded. This year, more than
1,000 applications are under review and winners will be announced later this
month. To be eligible for the scholarships, applicants must be:
    --  Women aged 40 or over;
    --  Able to demonstrate financial need; and

    --  Enrolled in an accredited school or technical program within 6 months
of
        the scholarship award date.


To apply, women can visit http://www.aarpfoundationwlc.org/.

For more information on the Walmart Foundation and its workforce development
efforts, visit www.walmartfoundation.org.

AARP Foundation 
The AARP Foundation is AARP's affiliated charity. Foundation programs provide
security protection and empowerment for older persons in need. Low-income
older workers receive the job training and placement they need to re-join the
workforce. Free tax preparation is provided for low- and moderate-income
individuals, with special attention to those 60 and older. The Foundation's
litigation staff protects the legal rights of older Americans in critical
health, long-term care, consumer and employment situations. Additional
programs provide information, education and services to ensure that people
over 50 lead lives of independence, dignity and purpose. Foundation programs
are funded by grants, tax-deductible contributions and AARP. 
For more information about the AARP Foundation, please log on to
www.aarp.org/foundation.

About Philanthropy at Wal-Mart Stores, Inc. 
Wal-Mart Stores, Inc. (NYSE: WMT) and the Walmart Foundation are proud to
support the charitable causes that are important to customers and associates
in their own neighborhoods. Through its philanthropic programs and
partnerships, the Walmart Foundation funds initiatives focused on creating
opportunities in education, workforce development, economic opportunity,
environmental sustainability, and health and wellness. From February 1, 2008
through January 31, 2009, Walmart - and its domestic and international
foundations - gave more than $423 million in cash and in-kind gifts globally.
To learn more, visit www.walmartfoundation.org.

Ed. Note: Wal-Mart Stores, Inc. is the legal trade name of the corporation.
The name "Walmart," expressed as one word and without punctuation, is a
trademark of the company and is used analogously to describe the company and
its stores. Use the trade name when it is necessary to identify the legal
entity, such as when reporting financial results, litigation or corporate
governance.




SOURCE  AARP

Elly Spinweber, AARP, +1-202-434-2624, espinweber@aarp.org
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