Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
Rob and Melani Walton Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1860
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BENTONVIILLE, AR72712
A Employer identification number

47-4259772
B Telephone number (see instructions)

(479) 464-1570
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$576,587,778J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 85,989,593
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 7,319,896 7,319,562  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 14,834,576
b Gross sales price for all assets on line 6a 314,075,442
7 Capital gain net income (from Part IV, line 2)... 162,766,531
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment -622,470 -618,705 0
12 Total. Add lines 1 through 11........ 107,521,595 169,467,388 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 40,666 0 0 40,666
b Accounting fees (attach schedule)....... Click to see attachment 1,387 1,387 0 0
c Other professional fees (attach schedule).... Click to see attachment 1,823,745 586,695 0 1,237,050
17 Interest............... 343,330 343,330    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,001,607 351,546 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 14,313     14,313
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 516,371 507,337 0 8,965
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,741,419 1,790,295 0 1,300,994
25 Contributions, gifts, grants paid....... 31,141,150 31,141,150
26 Total expenses and disbursements. Add lines 24 and 25 35,882,569 1,790,295 0 32,442,144
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 71,639,026
b Net investment income (if negative, enter -0-) 167,677,093
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 155,936 246,701 246,701
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet674,831
Less: allowance for doubtful accounts bullet   107,747 674,831 674,831
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) bullet0
Less: allowance for doubtful accounts bullet0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 71,755,500 Click to see attachment0 0
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 321,210,581 Click to see attachment463,947,258 575,666,246
14 Land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0   0
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 393,229,764 464,868,790 576,587,778
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 393,229,764 464,868,790
29 Total net assets or fund balances (see instructions)..... 393,229,764 464,868,790
30 Total liabilities and net assets/fund balances (see instructions). 393,229,764 464,868,790
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
393,229,764
2
Enter amount from Part I, line 27a .....................
2
71,639,026
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
464,868,790
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
464,868,790
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a NORTHERN TRUST CASH ACCOUNT      
b NORTHERN TRUST -R1000      
c NORTHERN TRUST -R1000      
d NORTHERN TRUST -EAFE      
e NORTHERN TRUST -EAFE      
NORTHERN TRUST -EAM      
NORTHERN TRUST -GLOBEFLEX      
NORTHERN TRUST -GLOBEFLEX      
PUBLICLY TRADED SECURITIES      
PARTNERSHIP PASS-THROUGH      
       
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 44,551,445   49,293,527 -4,742,082
b 15,776,299   13,213,349 2,562,950
c 22,133     22,133
d 15,028,385   15,343,442 -315,057
e 331,410   293,550 37,860
58,558,874   54,975,051 3,583,823
15,070,120   18,189,987 -3,119,867
8,846     8,846
157,855,138   5 157,855,133
6,872,792   0 6,872,792
  0   0
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a     0 -4,742,082
b     0 2,562,950
c     0 22,133
d     0 -315,057
e     0 37,860
    0 3,583,823
    0 -3,119,867
    0 8,846
    0 157,855,133
    0 6,872,792
0 0 0 0
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 162,766,531
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 0
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 2,330,712
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 2,330,712
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,330,712
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,845,199
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 700,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,545,199
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 214,487
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet214,487 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE, AR
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletColleen Reilly Telephone no.bullet (479) 464-1570

    Located atbulletPO BOX 2030BENTONVILLEAR ZIP+4bullet72712
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Robert A Smith TREASURER
    2.000     		0 0 0
    PO BOX 1860
    BENTONVILLE,AR72712
    Erron Smith ASSISTANT TREASURER
    2.000     		0 0 0
    PO BOX 1860
    BENTONVILLE,AR72712
    NACCAMAN WILLIAMS SECRETARY
    5.000     		0 0 0
    PO BOX 1860
    BENTONVILLE,AR72712
    S Robson Walton DIRECTOR/CO-PRESIDENT
    5.000     		0 0 0
    PO BOX 1860
    BENTONVILLE,AR72712
    MELANI WALTON DIRECTOR/CO-PRESIDENT
    5.000     		0 0 0
    PO BOX 1860
    BENTONVILLE,AR72712
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    WALTON ENTERPRISES LLC MANAGEMENT SERVICES 1,323,980
    P O BOX 1860
    BENTONVILLE,AR72712
    NORTHERN TRUST INVEST. MANAGEMENT 159,230
    50 SOUTH LA SALLE STREET
    CHICAGO,IL60603
    GENERAL ATLANTIC SERVICE CO LLC INVEST. MANAGEMENT 140,357
    600 STEAMBOAT ROAD
    SUITE 105
    GREENWICH,CO06830
    GLOBEFLEX CAPITAL LP INVEST. MANAGEMENT 74,333
    4365 EXECUTTVE DRTVE SUrrE 120
    SAN DIEGO,CA92121
    EARTH RESILIENCE GROUP CONSULTING 67,616
    5016 45th ST NW
    Washington,DC20016
    Total number of others receiving over $50,000 for professional services.............bullet1
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    431,087,146
    b
    Average of monthly cash balances.......................
    1b
    12,925,065
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    444,012,211
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    444,012,211
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    6,660,183
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    437,352,028
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    21,867,601
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    21,867,601
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,330,712
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,330,712
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    19,536,889
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    19,536,889
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    19,536,889
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    32,442,144
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    32,442,144
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    32,442,144
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 19,536,889
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 16,406,282
    b Total for prior years:20, 20, 2016 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 32,442,144
    a Applied to 2019, but not more than line 2a 16,406,282
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 16,035,862
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020.   0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		3,501,027
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    S ROBSON WALTON
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    African Parks Foundation of America
    21 West 46th Street
    New York,NY10036     		  PC Willdlife Conservation Multi-Year Endowment & Operating Funding 18,000,000
    American Friends of the Bugatti Trust Inc
    4 Stonewood Place
    Dedham,MA02026     		  PC General Operating Support 5,000
    Arizona Community Foundation
    2201 E Camelback Road Suite 405B
    Phoenix,AZ85016     		  PC Two Pups Wellness Fund 500
    Arizona Educational Foundation
    2100 N Central Avenue Suite 212
    Phoenix,AZ85004     		  PC teachSTEM 13,200
    Arizona Foundation for Women Inc
    2201 E Camelback Road
    Phoenix,AZ85016     		  PC General Operating Support 10,000
    Arizona Humane Society
    1521 W Dobbins Road
    Phoenix,AZ85041     		  PC General Operating Support 2,500
    Arizona Science Center
    600 E Washington Street
    Phoenix,AZ85004     		  PC General Operating Support 25,000
    Arizona Science Center
    600 E Washington Street
    Phoenix,AZ85004     		  PC COVID-19 Response Fund 25,000
    Arizona State University Foundation for A New American University
    P O Box 2260
    Tempe,AZ852802260     		  PC ASU WSSI Renewal 637,520
    Arizona State University Foundation for A New American University
    P O Box 2260
    Tempe,AZ852802260     		  PC ASU Foundation Women & Philanthropy Program 10,000
    Arizona State University Foundation for A New American University
    P O Box 2260
    Tempe,AZ852802260     		  PC COVID-19 Needs 150,000
    Arkansas Community Foundation Inc
    5 Allied Drive Suite 51110
    Little Rock,AR72202     		  PC Human Services 10,000
    Aspen Center for Environmental Studies
    100 Puppy Smith Street
    Aspen,CO816111451     		  PC 50th Anniversary "Protecting the Future" Capital Campaign 107,950
    Aspen Community Foundation
    455 Gold Rivers Court
    Basalt,CO81621     		  PC COVID-19: 2020 Rescue Fund 25,000
    Aspen Music Festival and School
    225 Music School Rd
    Aspen,CO81611     		  PC General Operating Support 35,000
    Aspen Valley Ski-Snowboard Club Inc
    300 AVSC Drive
    Aspen,CO81611     		  PC General Operating Support 10,000
    ATHENAAZ Foundation
    6437 E Odessa St
    Mesa,AZ85215     		  PC Community Development 5,000
    Barrow Neurological Foundation
    124 West Thomas Road Suite 250
    Phoenix,AZ85013     		  PC Treatment and Prevention Services 30,250
    B'nai Levy Foundation
    2 Rue Beth-Halevy
    Boisbriand,QCJ7E4H4
    CA     		  PC Rabbi Memorial 97,396
    B'nai Levy Foundation
    2 Rue Beth-Halevy
    Boisbriand,QCJ7E4H4
    CA     		  PC Tosh Community Land Acquisition 1,176,671
    Boston Mountain Cyclists
    PO Box 963
    Bentonville,AR72712     		  PC General Operating Support 20,000
    Boys and Girls Clubs of Metropolitan Phoenix Inc
    4309 E Belleview St
    Phoenix,AZ85008     		  PC General Operating Support 20,000
    Bridge2Rwanda Inc
    1818 N Taylor Street
    Little Rock,AR72207     		  PC The Bridge Career Services Expansion 150,000
    Central Arizona Shelter Services Inc
    230 South 12th Avenue
    Phoenix,AZ85007     		  PC Homeless Services 3,500
    Choate Rosemary Hall Foundation Inc
    333 Christian Street
    Wallingford,CT064923800     		  PC General Operating Support 10,000
    Clean Future Forum Inc
    1101 Pennsylvania Ave NW
    Washington,DC20004     		  PC Climate Action Initiative 554,561
    Cleanslate
    16198 Vermeer Drive
    Chino Hills,CA91709     		  PC Youth Development, Shelter, and Crisis Services 5,000
    Climate Leadership Council Inc
    1250 Connecticut Ave NW Suite 625
    Washington,DC20036     		  PC Climate Leadership Council Carbon Dividends Framework 750,000
    College of Wooster
    1189 Beall Ave
    Wooster,OH446912363     		  PC General Operating Support 20,000
    Columbia University
    435 West 116th Street Box A-2
    New York,NY10027     		  PC General Operating Support 25,000
    Conservation International Foundation
    2011 Crystal Drive Suite 500
    Arlington,VA22202     		  PC Blue Nature Alliance 6,226,156
    Cystic Fibrosis Foundation
    2777 E Camelback Rd Ste 330
    Phoenix,AZ85016     		  PC Medical Research 2,500
    Dawn Redwoods Charitable Trust
    One Blackfield Drive
    Tiburon,CA94920     		  PC COVID Assistance Fund 10,000
    Desert Botanical Garden
    1201 N Galvin Parkway
    Phoenix,AZ85008     		  PC General Operating Support 10,000
    Diana Gregory Outreach Services
    1934 E Camelback Rd Suite 120 223
    Phoenix,AZ85016     		  PC COVID-19: Fresh Produce Seniors 1,500
    Diocesan Council for the Society of St Vincent de Paul Diocese Phoenix
    420 W Watkins Road
    Phoenix,AZ85003     		  PC Urban Farm Project 20,000
    Diocesan Council for the Society of St Vincent de Paul Diocese Phoenix
    420 W Watkins Road
    Phoenix,AZ85003     		  PC COVID-19 Heat Relief 250,000
    Divine Love World Charity Inc
    15 West 81st St
    New York,NY10024     		  PC Food Distribution Programs of Sri Sakthi Narayani Amma 100,000
    Drepung Loseling Monastery Inc
    PO Box 191931
    Atlanta,GA31119     		  PC General Operations 100,000
    DSU Heritage Foundation
    230 8th Ave W
    Dickinson,ND58601     		  PC Lowman-Walton Endowed Scholarship Fund 25,525
    Emory University
    1762 Clifton Rd Suite 1400
    Atlanta,GA30322     		  PC Compassion Charrette at Arizona State University Decision Theater 64,805
    Emory University
    1762 Clifton Rd Suite 1400
    Atlanta,GA30322     		  PC Phase 0: Advancing Compassion and the Emory CBCT Model 418,575
    Experience Matters Consortium Inc
    Legacy Place 360 East Coronado Road
    Phoenix,AR85004     		  PC RSVP Senior Corps 1,000
    Fay School Inc
    48 Main Street
    Southborough,MA017729106     		  PC General Operating Support 10,000
    Fresh Start Women's Foundation
    1130 E McDowell Rd
    Phoenix,AZ85006     		  PC Community Development 2,000
    Georgetown University
    Box 571253
    Washington,DC200571253     		  PC General Operating Support 10,000
    Girl Scouts - Arizona Cactus-Pine Council Inc
    119 East Coronado Road
    Phoenix,AZ85004     		  PC General Operating Support 50,000
    Governor Dummer Academy
    1 Elm Street
    Byfield,MA01922     		  PC General Operating Support 10,000
    Greater Phoenix Chamber Foundation
    201 N Central Ave Ste2700
    Phoenix,AZ85004     		  PC Community Development 2,500
    Habitat for Humanity of Benton County Inc
    1212 N Walton Blvd
    Bentonville,AR72712     		  PC General Operating Support 10,000
    Hawaii Community Foundation
    827 Fort Street Mall
    Honolulu,HI96813     		  PC Kki'o Community Fund 10,000
    HonorHealth Foundation
    8125 N Hayden Road
    Scottsdale,AZ85258     		  PC General Operating Support 250,000
    Huallai Ohana Foundation
    PO Box 5227
    Kailua Kona,HI96745     		  PC COVID: Assistance Programs 150,000
    Inquiring Systems Inc
    101 Brookwood Ave
    Santa Rosa,CA95404     		  PC Imaging the Biofield - Initial Phases 1 and 2 9,716
    International Mountain Bicycling Association
    PO Box 20280
    Boulder,CO80308     		  PC RFMBA Executive Director Program, 3-year support 25,000
    Liberty Wildlife Inc
    2600 E Elwood St
    Phoenix,AZ85040     		  PC Feather Repository Program 10,000
    Liberty Wildlife Inc
    2600 E Elwood St
    Phoenix,AZ85040     		  PC Non-Eagle Feather Repository 50,000
    Liberty Wildlife Inc
    2600 E Elwood St
    Phoenix,AZ85040     		  PC Wildlife Conservation - Documentary Film Production 46,000
    McPherson College
    1600 East Euclid
    McPherson,KS67460     		  PC General Operating Support 25,000
    Mightycause Charitable Foundation
    PO Box 160
    Marianna,FL32447     		  PC COVID-19: Girl Scouts - Arizona Cactus-Pine Council Cookie Program Supplies 1,500
    National Park Foundation
    1110 Vermont Ave NW Suite 200
    Washington,DC20005     		  PC General Operating Support 30,000
    National Park Foundation
    1110 Vermont Ave NW Suite 200
    Washington,DC20005     		  PC COVID-19 Investment Fund 25,000
    Northwest Organization for Animal Help
    31300 Brandstrom Road
    Stanwood,WA98292     		  PC General Operating Support 5,000
    Oceanic Society
    30 Sir Francis Drake Blvd
    Ross,CA94957     		  PC Blue Habits - Phase III 50,000
    Phoenix Art Museum
    1625 N Central Avenue
    Phoenix,AZ850041685     		  PC Independent Women Luncheon 5,000
    Phoenix Art Museum
    1625 N Central Avenue
    Phoenix,AZ850041685     		  PC COVID-19: Legends of Speed Addtl. Support 25,000
    Phoenix Indian Center
    4502 N Central Suite 250
    Phoenix,AZ85012     		  PC COVID-19: Fill the Truck Initiative 2,500
    Phoenix Theatre Inc
    1825 N Central Avenue
    Phoenix,AZ85004     		  PC Partners That Heal, a W.O.N.D.E.R. Project 15,000
    Rio Blanco County Historical Society Inc
    PO Box 413
    Meeker,CO81641     		  PC Meeker Mustang Makeover 500
    Salvation Army of NWA
    219 W 15th Street
    Fayetteville,AR72701     		  PC General Operating Support 50,000
    Sanctuary of Christ Church
    301 Carnegie Center Drive
    Princeton,NJ08540     		  PC Disciples Seminary Princeton's College of Sacred Surgeons Training Clinic 225,000
    Save the Maah Daah Hey
    600 2nd Ave SW
    Watford City,ND58854     		  PC Athletics/Sports - The Big Push 25,000
    The Buddy Program Inc
    110 East Hallam Street Suite 125
    Aspen,CO81611     		  PC Youth Development, Shelter, and Crisis Services 5,000
    The Invictus Fund NV
    1000 Silverado Trail North
    Saint Helena,CA94574     		  PC Wildfire Assistance Fund 10,000
    The Leadership Foundation
    1155 15th Street NW Suite 1000
    Washington,DC20005     		  PC 2019 End of Year Campaign 2,500
    The Leadership Foundation
    1155 15th Street NW Suite 1000
    Washington,DC20005     		  PC GivingTuesdayNow 2,500
    The Nature Conservancy - Arizona
    1819 E Morten Ave 100
    Phoenix,AZ85020     		  PC General Operating Support 50,000
    The Nature Conservancy - Arkansas
    601 N University Avenue
    Little Rock,AR72205     		  PC General Operating Support 50,000
    Theodore Roosevelt Presidential Library Foundation
    350 Third Avenue
    Medora,ND58645     		  PC General Operating Support 45,445
    Therapeutic Harp Foundation
    200 East Mitchell Drive
    Phoenix,AZ85012     		  PC Research Study at Phoenix Children's Hospital 5,630
    Tides Center
    1014 Torney Avenue
    San Francisco,CA94129     		  PC Environmental Protection and Conservation 500,000
    United Cerebral Palsy Association of Central Arizona
    1802 W Parkside Lane
    Phoenix,AZ85027     		  PC 2020 Celebration of Champions 5,000
    United Way of Northwest Arkansas Inc
    100 Parkwood Street Suite C
    Lowell,AR72745     		  PC General Operating Support 75,000
    University of Houston
    5000 Gulf Fwy Rm 109
    Houston,TX77204     		  GOV Architecture and Design Fund 5,000
    USA Cycling Development Foundation
    210 USA Cycling Point Suite 100
    Colorado Springs,CO809192215     		  PC General Operating Support 50,000
    Valley of the Sun United Way
    3200 East Camelback Road Suite 375
    Phoenix,AZ850182328     		  PC WeekEnd Hunger Backpack 10,000
    Valley of the Sun Young Men's Christian Association
    350 N 1st Ave
    Phoenix,AZ85003     		  PC COVID-19 Childcare Fund 25,000
    YMCA of Southern Arizona
    60 W Alameda
    Tucson,AZ85701     		  PC Triangle Y Ranch Camp Scholarships 6,250
    Total .................................bullet 3a 31,141,150
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities.... 523600 334 14 7,319,562  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 14,834,596  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPASS THROUGH OTHER INCOME/LOSS     		523600 -3,765 18 120,691  
    bPASS THROUGH SECTION 988 LOSS     18 -739,396  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -3,431 21,535,453 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    21,532,022
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID: 20011424
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    Rob and Melani Walton Foundation Inc
     
    Employer identification number

    47-4259772
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    Rob and Melani Walton Foundation Inc
          		Employer identification number
    47-4259772
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    S Robson Walton
     
    PO BOX 1860
     
    BENTONVILLE, AR72712

    		$ 15,112,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    The Walton Family Foundation Inc
     
    PO BOX 1860
     
    BENTONVILLE, AR72712

    		$ 9,813,133


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    S Robson Walton
     
    PO BOX 1860
     
    BENTONVILLE, AR72712

    		$ 61,063,960


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    Rob and Melani Walton Foundation Inc
          		Employer identification number

    47-4259772
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 100,000 SHARES OF PUBLICLY TRADED SECURITIES $ 15,112,500 2020-11-24
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    3
    		 400,000 SHARES OF PUBLICLY TRADED SECURITIES $ 61,063,960 2020-12-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    Rob and Melani Walton Foundation Inc
          		Employer identification number

    47-4259772
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID: 20011424
    Software Version: 2020v4.0

    TY 2020 AccountingFeesSchedule
    Name:
    Rob and Melani Walton Foundation Inc
    EIN:
    47-4259772
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NT Accounting Fees 1,387 1,387    

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    Rob and Melani Walton Foundation Inc
    EIN:
    47-4259772
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    NORTHERN TRUST CASH ACCOUNT         44,551,445 49,293,527     -4,742,082  
    NORTHERN TRUST -R1000         15,776,299 13,213,349     2,562,950  
    NORTHERN TRUST -R1000         22,133       22,133  
    NORTHERN TRUST -EAM         58,558,874 54,975,051     3,583,823  
    NORTHERN TRUST -GLOBEFLEX         15,070,119 18,189,987     -3,119,868  
    NORTHERN TRUST -GLOBEFLEX         8,846       8,846  
    PUBLICLY TRADED SECURITIES         157,855,138 147,931,960     9,923,178  
    PARTNERSHIP PASS-THROUGH GAIN/LOSS         6,872,793       6,872,793  
    NORTHERN TRUST -EAFE         15,028,385 15,343,442     -315,057  
    NORTHERN TRUST - EAFE         331,410 293,550     37,860  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Rob and Melani Walton Foundation Inc
    EIN:
    47-4259772
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Publicly Traded Securities    

    TY 2020 InvestmentsOtherSchedule2
    Name:
    Rob and Melani Walton Foundation Inc
    EIN:
    47-4259772
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Northern Trust AT COST 233,353,195 290,183,687
    Northern Trust -R1000 AT COST 58,532,761 80,318,878
    Northern Trust -EAFE AT COST 126,239,721 148,906,903
    Northern Trust - EAM AT COST 22,389,256 28,418,745
    Northern Trust - Globeflex AT COST 23,432,325 27,838,033

    TY 2020 LegalFeesSchedule
    Name:
    Rob and Melani Walton Foundation Inc
    EIN:
    47-4259772
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 40,666     40,666


    TY 2020 OtherExpensesSchedule
    Name:
    Rob and Melani Walton Foundation Inc
    EIN:
    47-4259772
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Registration Fees 25     25
    Secretary of State Fees 255     255
    Pass Through Deductions 507,406 507,337    
    Postage Expense 70     70
    Misc. Expenses 8,615     8,615


    TY 2020 OtherIncomeSchedule2
    Name:
    Rob and Melani Walton Foundation Inc
    EIN:
    47-4259772
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Pass Through Section 988 Loss -739,396 -739,396  
    Pass Through Other Taxable Income (Loss) 7,465 11,230  
    Pass Through Section 1250 Gain 1,059 1,059  
    NT - Other Income 108,402 108,402  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Rob and Melani Walton Foundation Inc
    EIN:
    47-4259772
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Consulting Fees 70,181     70,181
    Management Services 1,166,869     1,166,869
    NT Investment Fees 429,584 429,584    
    WIT Investment Fees 157,111 157,111    


    TY 2020 TaxesSchedule
    Name:
    Rob and Melani Walton Foundation Inc
    EIN:
    47-4259772
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Taxes 1,650,061      
    NT - Foreign Taxes 308,138 308,138    
    Pass Through Foreign Taxes 43,408 43,408