The Walgreen Benefit Fund helps assist team members and retirees if they are having financial difficulty due to circumstances beyond their control. When long illnesses, accidents, death, fires, flood, or other disasters create situations that are beyond the ability of the team member to handle, and when other resources are not available or sufficient to provide needed assistance, the Walgreen Benefit Fund helps provide financial support.
When Charles R. Walgreen Sr. passed away in 1939, in his Last Will & Testament he left to "The Walgreen Benefit Fund" a bequest of 2,500 shares of Walgreen Co. stock (worth $50,000 at that time). This was to provide for "needy and deserving …employees without regard to whether they are currently employed by the company or its subsidiaries."
Mr. Walgreen's Will went on to state: "I would like it understood that I feel a deep regard and affection for all my fellow associates in the business, and it is my sincere desire and hope that they will all continue to function after my demise with the same degree of effort, loyalty, and ability that they have heretofore shown."
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