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Walmart donates $14M to advance racial equity

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Walmart and its philanthropic arm announced $14.3 million in donations to 16 nonprofits working to advance racial equity.

It's the first pledge by Walmart since the company announced a $100 million, five-year initiative last year in the wake of the George Floyd protests.

The first grants are going toward nonprofits that are educating communities of color about the COVID-19 vaccine, reducing debt for students at historically Black colleges and providing internet access and technology to children attending school remotely, among other initiatives.

Read more from CNBC.

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