College president to lead Wal-Mart Foundation

Wal-Mart Stores has tapped Margaret A. McKenna to serve as the new president of its charitable foundation and to lead the corporation’s corporate-giving efforts.

McKenna joins the mega-retailer, which last year gave away more than $270 million, after serving as president of Lesley University, based in Cambridge, Mass., for more than 20 years.

During her tenure at the school, enrollment grew to 12,000 from 2,000, its facilities doubled and its endowment ballooned to more than $90 million from $2 million.

McKenna serves on several boards, including the Cisco Learning Institute, the Teacher Education Accreditation Council and the Council on Higher Education.

She is being asked to help Wal-Mart achieve a higher level of impact and excellence with its corporate giving.

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