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re: Not the biggest SEC gift ever, but someone just gave $100 million to State

Posted on 4/20/23 at 11:15 am to
Posted by Herman Frisco
Bon Secour
Member since Sep 2008
17302 posts
Posted on 4/20/23 at 11:15 am to
The Waltons as a family have given Arkansas 420m in 2 gifts.

A Sam Walton had a plan. He had a store which was making money and had a plan to start stores all over Arkansas and the southeast.
High volume low cost.
He needed $1m dollars to get it off the ground. So he goes to his bank and talks to the chief loan officer about what he needs and why. He was refused the loan. President said it wouldn’t work and that he,Sam, would go broke. Sam thanked him and got the money some where else. The rest is history.
Posted by Csmims
Orange Beach Alabama
Member since Jan 2019
1864 posts
Posted on 4/20/23 at 12:38 pm to
They’ve actually given quite a bit more than the 2 gifts listed. Bud Walton Arena as one example.
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
55204 posts
Posted on 4/20/23 at 7:01 pm to
quote:

The rest is history


Not so fast


quote:

Sam thanked him and got the money some where else.


He married another bankers daughter

Posted by Tiger in the Sticks
Back in the Boot
Member since Jan 2007
1451 posts
Posted on 4/20/23 at 9:02 pm to
quote:

The Waltons as a family have given Arkansas 420m in 2 gifts.


Bud Walton’s daughters’ families (the Lauries and the Kroenkes) have donated quite a bit to Mizzou.
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