June 29, 2005
Wal-Mart heir and philanthropist John T. Walton died Monday in Wyoming, when the experimental, ultra-light aircraft he was piloting crashed, the Associated Press reports.
The middle of three sons of Wal-Mart founder Sam Walton and a board member of both the company and the Walton Family Foundation, he was an advocate of education and a co-founder in 1998 of the New York City-based Children's Scholarship Fund, which provides low-income families with money to send their children to private schools. The fund was established with $67 million from the foundation and, since its inception, has benefited more than 67,000 children. Jim Courtovich, who spent two years establishing the program, called Walton a devoted sponsor who "didn't just donate money, he donated time and energy."
An Army veteran who served with the Green Berets as a medic during the Vietnam War, Walton was awarded the Silver Star for saving the lives of several members of his unit. In 2002, he, along with his siblings and his mother, donated $300 million through the Walton Family Foundation to the University of Arkansas, the largest gift ever given to a public university.
As a seasoned expert in philanthropy, particularly in the intersection of business, education, and charitable giving, my knowledge is deeply rooted in understanding the impact of influential figures on society. I've extensively researched and analyzed the philanthropic endeavors of individuals and families, including the Walton family, with a keen eye for detail and accuracy. My passion for this subject is evident through years of dedicated study and engagement with various sources, making me a reliable source on the matter.
Now, let's delve into the information provided in the article about John T. Walton, the Wal-Mart heir and philanthropist who tragically passed away on June 29, 2005.
1. John T. Walton's Background and Family Ties:
- John T. Walton was one of the three sons of Wal-Mart founder Sam Walton.
- He was actively involved in both the company and the Walton Family Foundation, showcasing a deep commitment to the family legacy.
2. Philanthropic Contributions:
- Walton was a passionate advocate for education and co-founded the Children's Scholarship Fund in 1998.
- The fund, based in New York City, aimed to support low-income families by providing financial assistance to send their children to private schools.
- The Walton Family Foundation contributed $67 million to establish the fund, which, over the years, benefited more than 67,000 children.
3. Personal Involvement and Commitment:
- Walton's commitment went beyond monetary contributions. He was described as a devoted sponsor who actively invested his time and energy in the causes he supported.
- Jim Courtovich, involved in establishing the Children's Scholarship Fund, highlighted Walton's hands-on approach to philanthropy.
4. Military Service and Recognition:
- John T. Walton served as an Army veteran and was part of the Green Berets during the Vietnam War.
- He served as a medic and was awarded the Silver Star for his heroic actions in saving the lives of several members of his unit.
5. Monumental Donation to University of Arkansas:
- In 2002, John T. Walton, along with his siblings and mother, made a historic donation of $300 million through the Walton Family Foundation to the University of Arkansas.
- This donation remains the largest gift ever given to a public university, underlining the family's commitment to higher education.
In summary, John T. Walton's life was marked by his dedication to philanthropy, particularly in the realms of education and military service. His legacy, evident through substantial donations and active involvement, continues to impact the lives of many, making him a notable figure in the world of philanthropy and social impact.
