Doug McMillon, CEO of Walmart.
Adam Jeffery | CNBC
In the wake of the George Floyd protests, Walmart pledged to boost diversity within its own ranks and contribute $100 million over five years to help fight systemic racism across the country.
On Monday, the company gave an update on that effort. Walmart and its foundation will distribute the first $14.3 million to 16 nonprofit organizations. The grants will go toward groups that are tackling racial inequities in various ways, such as educating communities of color about the Covid-19 vaccines, reducing debt for students at historically Black colleges and universities and providing internet access and technology to children who are attending…