Why Is The Walton Family Foundation Putting Another $250M Into Charter Schools?

Billionaire sister and brother Alice and Jim Walton have explained last week’s $250 million grant from the Walton Family Foundation to aid in building charter school facilities as a salute to their parents’ emphasis on education. “My parents spent a lot of time with us growing up just enforcing the fact that education is what could really be the great equalizer in the world,” said Alice Walton, the only daughter of Wal-Mart founder Sam Walton and his wife Helen, in a video promoting the initiative.

“The importance of providing high-quality education for as many children as we possibly can, for all children, I think is critical to the future of this country,” added Jim Walton, the youngest of the three Walton sons.