One of the nation's largest retailers announced recently that its philanthropic arm would be donating $1 million to the Martin Luther King, Jr. National Memorial Project Foundation.

Best Buy and Best Buy Children's Foundation said in a statement that it would donate the funds to help support the memorial project as well as a learning project, Kids for King, which works to give children the chance to build on Dr. King's legacy. The company said that it was honored to donate the funds to provide high-quality educational opportunities to young people from coast to coast, giving them the chance to learn from King's example.

"We are particularly excited by the Kids for King programming, which gives today’s youth, and future generations, access to Dr. King’s powerful story and inspires them to live by his example of service, peace and equality," Best Buy said in a statement.

Other corporations have been donating money to help highlight Dr. King's legacy. General Motors, the GM Foundation and Chevrolet recently donated a statue of Dr. King, a replica of the one at the Martin Luther King Jr. National Memorial in Washington, D.C., to the Charles H. Wright Museum of African American History in Detroit.