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
CATENA FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 994
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CARBONDALE, CO81623
A Employer identification number

81-3783868
B Telephone number (see instructions)

(970) 340-4141
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$198,021,302J 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) 34,080,390
2 Check bullet.............
3 Interest on savings and temporary cash investments 5,251 5,251  
4 Dividends and interest from securities... 1,839,233 1,839,233  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,038,015
b Gross sales price for all assets on line 6a 48,047,398
7 Capital gain net income (from Part IV, line 2)... 30,061,531
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 447,614 447,614  
12 Total. Add lines 1 through 11........ 38,410,503 32,353,629  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 689,094 0   689,094
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 9,737 0   9,737
16a Legal fees (attach schedule)......... Click to see attachment 29,236 0   29,236
b Accounting fees (attach schedule)....... Click to see attachment 87,219 0   43,388
c Other professional fees (attach schedule).... Click to see attachment 807,068 380,781   426,287
17 Interest............... 91,403 91,403   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 52,201 52,201   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 6,890 0   6,890
21 Travel, conferences, and meetings....... 11,498 0   11,498
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 475,619 466,363   9,256
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,259,965 990,748   1,225,386
25 Contributions, gifts, grants paid....... 23,687,462 23,687,462
26 Total expenses and disbursements. Add lines 24 and 25 25,947,427 990,748   24,912,848
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 12,463,076
b Net investment income (if negative, enter -0-) 31,362,881
c Adjusted net income (if negative, enter -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............. 492,757 762,224 762,224
2 Savings and temporary cash investments......... 39,239,156 20,202,517 20,202,517
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet2,363,500
Less: allowance for doubtful accounts bullet0 1,363,500 Click to see attachment2,363,500 2,363,500
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 116,415,820 Click to see attachment142,906,122 174,693,061
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 157,511,233 166,234,363 198,021,302
Liabilities 17 Accounts payable and accrued expenses..........   896
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 896
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 157,511,233 166,233,467
29 Total net assets or fund balances (see instructions)..... 157,511,233 166,233,467
30 Total liabilities and net assets/fund balances (see instructions). 157,511,233 166,234,363
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
157,511,233
2
Enter amount from Part I, line 27a .....................
2
12,463,076
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
169,974,309
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,740,842
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
166,233,467
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 PUBLICLY TRADED SECURITES      
b PUBLICLY TRADED SECURITES      
c NET GAINS FROM PASSTHROUGH P    
d 150,418 SHARES WALMART STOCK   2020-09-28 2020-09-28
e 49,582 SHARES WALMART STOCK   2020-09-28 2020-11-18
CAPITAL GAINS DIVIDENDS P    
(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 16,011,720   15,971,467 40,253
b 1,988,370   1,957,526 30,844
c 1,960,567     1,960,567
d 20,635,495   42,774 20,592,721
e 7,444,895   14,100 7,430,795
6,351     6,351
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       40,253
b       30,844
c       1,960,567
d       20,592,721
e       7,430,795
      6,351
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 30,061,531
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  
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................................ 1 435,944
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 0
3 Add lines 1 and 2........................... 3 435,944
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 435,944
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 228,824
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 275,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 503,824
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 2,455
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 65,425
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet65,425 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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)
    bulletAR, CO, DE
    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 addressbulletN/A
    14
    The books are in care ofbulletKERRI GENUNG Telephone no.bullet (970) 355-9695

    Located atbulletPO BOX 994CARBONDALECO ZIP+4bullet81623
    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
     
    No
    ........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
     
    No
    .........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). Click to see attachment
    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
    SAMUEL R WALTON PRESIDENT
    5.00     		0 0 0
    P O BOX 1860
    BENTONVILLE,AR72712
    CLARE BASTABLE VICE PRESIDENT
    0.50     		0 0 0
    P O BOX 1860
    BENTONVILLE,AR72712
    GREG NELSON VICE PRESIDENT/ASS'T TREASURER
    1.00     		0 0 0
    P O BOX 1860
    BENTONVILLE,AR72712
    ROBERT A SMITH TREASURER & SECRETARY
    1.00     		0 0 0
    P O BOX 2030
    BENTONVILLE,AR72712
    CATENA GROUP TRUSTEE
    0.50     		689,094 0 0
    P O BOX 5027
    LARKSPUR,CA94939
    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
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    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
    CATENA GROUP LLC MANAGEMENT SERVICES 689,094
    PO BOX 5027
    LARKSPUR,CA94939
    MONTICELLO ASSOCIATES INVESTMENTS 230,000
    1800 LARIMER STREET SUITE 2100
    DENVER,CO80202
    NORTHERN TRUST INVESTMENTS 150,781
    50 LASALLE STREET
    CHOCAGO,IL60603
    PROGRESSIVE TRAIL DESIGN CONSULTING 120,250
    3589-3 N SHILOH DRIVE 222
    FAYETTEVILLE,AR72703
    CENOTE LLC CONSULTING 86,087
    2331 ASHMEAD PLACE NW
    WASHINGTON,DC20009
    Total number of others receiving over $50,000 for professional services.............bullet0
    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
    147,990,260
    b
    Average of monthly cash balances.......................
    1b
    12,989,839
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    160,980,099
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    160,980,099
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,414,701
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    158,565,398
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    7,928,270
    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
    7,928,270
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    435,944
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    435,944
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,492,326
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    7,492,326
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    7,492,326
    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
    24,912,848
    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
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    24,912,848
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    24,912,848
    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 7,492,326
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 1,672,345
    e From 2019...... 4,781,162
    fTotal of lines 3a through e........ 6,453,507
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 24,912,848
    a Applied to 2019, but not more than line 2a 0
    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..... 7,492,326
    e Remaining amount distributed out of corpus 17,420,522
    5 Excess distributions carryover applied to 2020. 0 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 23,874,029
    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......     		0
    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 ..........     		0
    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 ......     		23,874,029
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 1,672,345
    d Excess from 2019.... 4,781,162
    e Excess from 2020.... 17,420,522
    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).)
    SAMUEL R 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
    AMERICAN IMMIGRATION COUNCIL
    1331 G STREET STE 200
    WASHINGTON,DC20005     		  PC IMMIGRATION & BODER ENFORCEMENT 250,000
    ADVANCE DEMOCRACY INC
    1360 BEVERLY RD STE 300
    MCLEAN,VA22101     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 200,000
    CITIZEN DATA
    PO BOX 66298
    WASHINGTON,DC20035     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 50,000
    TEXAS CIVIL RIGHTS PROJECT
    1405 MONTOPOLIS DRIVE
    AUSTIN,TX78741     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 150,000
    COLORADO ORG FOR LATINA OPPORTUNITIES
    PO BOX 40991
    DENVER,CO80204     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 50,000
    STATE VOICES
    1616 P STREET NW
    WASHINGTON,DC20036     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 230,000
    DEFENDING DEMOCRACY TOGETHER INSTITUTE
    925 15TH STREET NW FL 5
    WASHINGTON,DC20005     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 175,000
    DISINFORMATION INDEX INC
    PO BOX 6342
    LONG ISLAND CITY,NY11106     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 100,000
    FAITH IN PUBLIC LIFE
    1990 M STREET NW
    WASHINGTON,DC20036     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 95,000
    PROTECT DEMOCRACY PROJECT
    2020 PENNSYLVANIA AVE NW 163
    WASHINGTON,DC20006     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 400,000
    ONE ARIZONA
    530 E MCDOWELL ROAD
    PHOENIX,AZ85004     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 100,000
    ONE AMERICA MOVEMENT
    1342 FLORIDA AVE NW
    WASHINGTON,DC20009     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 100,000
    HOPEWELL FUND
    1828 L STREET NW
    WASHINGTON,DC20036     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 250,000
    NORTH CAROLINA BLACK ALLIANCE
    PO BOX 27886
    RALEIGH,NC27611     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 100,000
    NEW VENTURE FUND
    1828 L STREET NW
    WASHINGTON,DC20036     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 1,550,000
    NEW GEORGIA PROJECT
    165 COURTLAND STREET SUITE A231
    ATLANTA,GA30303     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 200,000
    NEW ERA COLORADO FOUNDATION
    PO BOX 181153
    DENVER,CO80218     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 50,000
    ISSUE ONE
    1401 K ST NW STE 350
    WASHINGTON,DC20005     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 1,000,000
    TEXAS FREEDOM NETWORK EDUCATION
    PO BOX 1624
    AUSTIN,TX78767     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 150,000
    TEXAS ORGANIZING PROJECT EDUCATION FUND
    PO BOX 120296
    SAN ANTONIO,TX78212     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 100,000
    MI FAMILIA VOTA EDUCATION FUND
    1140 E WASHINGTON ST STE 206
    PHOENIX,AZ85034     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 50,000
    WHEN WE ALL VOTE
    1015 15TH ST NW STE 1000
    WASHINGTON,DC20005     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 600,000
    CENTER FOR CIVIC POLICY
    PO BOX 27616
    ALBUQUERQUE,NM87125     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 100,000
    ANALYST INSTITUTE
    1000 16TH STREET NW
    WASHINGTON,DC20006     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 175,000
    BLUEPRINT NORTH CAROLINA
    3125 POPLARWOOD COURT STE 300
    RALEIGH,NC27604     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 150,000
    VOTER REGISTRATION PROJECT
    PO BOX 33436
    WASHINGTON,DC20033     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 250,000
    ALLIANCE FOR YOUTH ORGANIZING
    915 5TH ST NW
    WASHINGTON,DC20001     		  PC CIVIC ENGAGEMENT & PROTECTING DEMOCRACY 100,000
    ADVANCED ENERGY ECONOMY INSTITUTE
    1000 VERMONT AVENUE NW 3RD FLOOR
    WASHINGTON,DC20005     		  PC CLEAN ENERGY 180,000
    VIBRANT CLEAN ENERGY
    6610 GUNPARK DRIVE SUITES 200 BC
    BOULDER,CO80301     		  PC CLEAN ENERGY 106,000
    AIR ALLIANCE HOUSTON
    3914 LEELAND AVENUE
    HOUSTON,TX77003     		  PC CLEAN ENERGY 50,000
    PROTECT OUR WINTERS
    4676 BROADWAY
    BOULDER,CO80304     		  PC CLEAN ENERGY 125,000
    PLUG-IN-AMERICA
    1270 S ALFRED ST UNIT 351268
    LOS ANGELES,CA90035     		  PC CLEAN ENERGY 75,000
    PHYSICIANS SCIENTISTS AND ENGIN
    1440 BROADWAY 750
    OAKLAND,CA94612     		  PC CLEAN ENERGY 50,000
    WESTERN CONSERVATION FOUNDATION
    1675 LARIMER STREET SUITE 420
    DENVER,CO80202     		  PC CLEAN ENERGY 115,000
    HOPI UTILITIES CORPORATION
    6 EAST ASPEN
    FLAGSTAFF,AZ86001     		  NC CLEAN ENERGY 191,250
    GRIDLAB
    2150 ALLSTON WAY STE 420
    BERKELEY,CA94704     		  PC CLEAN ENERGY 90,000
    HEALTHIER COLORADO
    1536 WYNKOOP STREET
    DENVER,CO80202     		  PC CLEAN ENERGY 76,300
    ENERGY FOUNDATION
    UPON REQUEST
    CARBONDALE,CO81623     		  PC CLEAN ENERGY 250,000
    WESTERN RESOURCE ADVOCATES
    2260 BASELINE ROAD SUITE 200
    BOULDER,CO80302     		  PC CLEAN ENERGY 1,258,707
    ELECTRIFICATION COALITION FDN
    1111 19TH ST NW STE 406
    WASHINGTON,DC20036     		  PC CLEAN ENERGY 87,500
    NATURAL RESOURCES DEFENSE COUN
    40 WEST 20TH STREET
    NEW YORK,NY10011     		  PC CLEAN ENERGY 147,000
    CERES INC
    99 CHAUNCY STREET 6TH FLOOR
    BOSTON,MA02111     		  PC CLEAN ENERGY 125,000
    SOUTHWEST ENERGY EFFICIENCY PROJECT LLC
    2334 NORTH BROADWAY SUITE A
    BOULDER,CA80304     		  PC CLEAN ENERGY 225,000
    UNITED NATIONS FOUNDATION
    1750 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20006     		  PC CLEAN ENERGY 300,000
    URBAN SUSTAINABILITY DIRECTORS NETWORK
    700 12TH ST NW STE 700 PMB 95645
    WASHINGTON,DC20005     		  PC CLEAN ENERGY 50,000
    UNIVERSITY OF COLORADO FOUNDATION
    1800 N GRANT ST STE 725
    DENVER,CO80203     		  PC CLEAN ENERGY 25,000
    CONSERVATION COLORADO EDUCATION FUND
    1536 WYNKOOP STRRET
    DENVER,CO80202     		  PC CLEAN ENERGY 205,000
    NAVAJO TRIBAL UTILITY AUTHORITY
    PO BOX 170
    FORT DEFIANCE,AZ86504     		  PC CLEAN ENERGY 250,000
    UNIVERSITY OF TEXAS AT AUSTIN
    110 INNER CAMPUS DRIVE
    AUSTIN,TX78705     		  PC CLEAN ENERGY 74,000
    CLEAN ENERGY ECONOMY FOR THE REGION
    PO BOX 428
    CARBONDALE,CO81623     		  PC CLEAN ENERGY 71,500
    ASPEN GLOBAL CHANGE INSTITUTE INC
    104 MIDLAND AVENUE SUITE 205
    BASALT,CO81621     		  PC CLEAN ENERGY 666,667
    COLORADO STATE UNIVERSITY FOUNDATION
    PO BOX 1870
    FORT COLLINS,CO80522     		  PC CLEAN ENERGY 275,000
    ENVIRONMENTAL DEFENSE FUND
    257 PARK AVENUE SOUH
    NEW YORK,NY10010     		  PC CLEAN ENERGY & HEALTH 703,750
    MOUNTAIN RESCUE ASPEN INC
    37925 HIGHWAY 82
    ASPEN,CO81611     		  PC COMMUNITY SUPPORT 10,000
    LAKOTA FUND
    PO BOX 340
    KYLE,SD57752     		  PC COMMUNITY SUPPORT 5,000
    MUSEUM OF NORTHERN ARIZONA
    3101 N FORT VALLEY RAOD
    FLAGSTAFF,AZ86001     		  PC COMMUNITY SUPPORT 10,000
    THE WHALE FOUNDATION
    PO BOX 855
    FLAGSTAFF,AZ86002     		  PC COMMUNITY SUPPORT 12,500
    FRIENDS OF CAIC
    PO BOX 1117
    VERGEEN,CO80437     		  PC COMMUNITY SUPPORT 85,000
    GRAND CANYON RIVER GUIDES
    PO BOX 1934
    FLAGSTAFF,AZ86002     		  PC COMMUNITY SUPPORT 10,000
    PRESCOTT COLLEGE
    220 GROVE AVENUE
    PRESCOTT,AZ86301     		  PC COMMUNITY SUPPORT 10,000
    ROARING FORK PUBLIC RADIO
    100 E HALLAN SUITE 134
    ASPEN,CO81611     		  PC COMMUNITY SUPPORT 1,000
    SAN DOMENICO
    1500 BUTTERFIELD RD
    SAN ANSELMO,CA94960     		  PC COMMUNITY SUPPORT 25,000
    SOUTHERN COALITION FOR SOCIAL JUSTICE
    1415 WEST HIGHWAY 54 SUITE 101
    DURHAM,NC27707     		  PC COMMUNITY SUPPORT 100,000
    THE HOPI FOUNDATION
    PO BOX
    KYKOTSMOVI,AZ86039     		  PC COMMUNITY SUPPORT AND HEALTH 22,500
    NEEM FOUNDATION
    2 KWA FALLS STREET MAITAMA ABUJA
    KE     		  NC DIGNITY & EDUCATION 222,812
    EVERGREEN STATE COLLEGE FOUNDATION
    2700 EVERGREEN PARKWAY NW
    OLYMPIA,WA98050     		  PC DIGNITY & EDUCATION 10,000
    EL COLOR DE LA MEMORIA AC
    VINCENTE GUERRERO 510
    LA PAZ,BAJA CALIFONIA SU  
    MX     		  NC DIGNITY & EDUCATION 5,954
    MITCHELL KAPOR FOUNDATION
    2148 BROADWAY
    OAKLAND,CA94612     		  PC DIGNITY & EDUCATION 250,000
    URBAN ECOLOGY CENTER
    1500 E PARK PLACE RIVERSIDE PARK
    MILWAUKEE,WI53211     		  PC DIGNITY & EDUCATION 175,000
    GRAND CANYON YOUTH
    PO BOX 23376
    FLAGSTAFF,AZ86002     		  PC DIGNITY & EDUCATION 207,166
    GLOBAL FISHING WATCH
    1025 CONNECTICUT AVENUE NW
    WASHINGTON,DC20036     		  PC FISHERIES 175,000
    STANFORD BOARD OF TRUSTEES
    24 DEVELPMENT SERVICES
    STANFORD,CA94309     		  PC FISHERIES 116,250
    UC SANTA BARBARA FOUNDATION
    UNIVERSITY OF CALIFORNIA
    SANTA BARBARA,CA93106     		  PC FISHERIES & WATERSHED HEALTH 426,221
    REGENTS OF THE UC AT BERKELEY
    2195 HEARST AVE RM 120 MC 1104
    BERKELEY,CA94720     		  PC HEALTH 1,004,256
    FOOD BANK OF THE ROCKIES
    10700 E 45TH AVE
    DENVER,CO80239     		  PC HEALTH 200,000
    RURAL UTAH PROJECT EDUCATION FUND
    323 S 600 E STE 130
    SALT LAKE CITY,UT84102     		  PC HEALTH 22,000
    SAN FRANCISCO ESTUARY
    4911 CENTRAL AVE
    RICHMOND,CA94804     		  PC HEALTH 140,000
    CHILDREN'S ACTION ALLIANCE INC
    3030 E 3RD STREET STE 650
    PHOENIX,AZ85012     		  PC HEALTH 62,346
    SOCIAL GOOD FUND
    2393 COLLINS AVE
    PINOLE,CA94564     		  PC HEALTH 75,000
    CHILDREN'S ADVOCACY ALLIANCE
    PO BOX 1212
    CONWAY,AR72033     		  PC HEALTH 23,449
    CENTER FOR HEALTH PROGRESS
    1245 E COLFAX AVE STE 202
    DENVER,CO80218     		  PC HEALTH 138,875
    CANAL ALLIANCE
    91 LARKSPUR STREET
    SAN RAFAEL,CA94901     		  PC HEALTH 50,000
    ASPEN COMMUNITY FOUNDATION
    455 GOLD RIVERS COURT STE 515
    BASALT,CO81621     		  PC HEALTH 50,000
    ARIZONA COMMUNITY FOUNDATION
    2201 E CAMELBACK ROAD STE 405B
    PHOENIX,AZ85016     		  PC HEALTH 50,000
    SILICON VALLEY COMMUNITY FOUNDATION
    2440 WEST EL CAMINO REAL STE 300
    MOUNTAIN VIEW,CA94040     		  PC HEALTH 250,250
    MILE HIGH UNITED WAY
    711 PARK AVENUE WEST
    DENVER,CO80205     		  PC HEALTH 200,000
    ZUNI YOUTH ENRICHMENT PROJECT
    13 CHIMONI DR
    ZUNI,NM87327     		  PC HEALTH 60,500
    NEW MEXICO FARMER'S MARKETING A
    1219 LUISA ST STE 1
    SANTA FE,NM87505     		  PC HEALTH 30,000
    FRONTLINE SUPPORT
    647 4TH ST
    OAKLAND,CA94607     		  PC HEALTH 1,751,304
    NEW MEXICO FOUNDATION
    8 CALLE MEDICO
    SANTA FE,NM87505     		  PC HEALTH 150,000
    J DAVID GLADSTONE INSTITUT
    1650 OWENS ST
    SAN FRANCISCO,CA94158     		  PC HEALTH 250,000
    PARTNERSHIP WITH NATIVE AMERICA
    16415 ADDISON ROAD SUITE 200
    ADDISON,TX75001     		  PC HEALTH 100,000
    INTERNATIONAL COMMUNITY FDN
    2505 N AVENUE
    NATIONAL CITY,CA91950     		  PC HEALTH 250,000
    ARIZONA STATE UNIVERSITY FOUNDATION
    PO BOX 2260
    TEMPE,AZ85280     		  PC HEALTH & CLEAN ENERGY 366,650
    ASYLUM SEEKER ADVOCACY PROJECT INC
    228 PARK AVENUE S 84810
    NEW YORK,NY10003     		  PC IMMIGRATION & BODER ENFORCEMENT 75,000
    SANTA FE DREAMERS PROJECT
    1213 MERCANTILE RD STE C
    SANTA FE,NM87507     		  PC IMMIGRATION & BORDER ENFORCEMENT 5,840
    JUSTICE ACTION CENTER
    4147 CAMERO AVE
    LOS ANGELES,CA90027     		  PC IMMIGRATION & BODER ENFORCEMENT 125,000
    INTERNATIONAL RESCUE COMMITTEE
    122 EAST 42ND STREET
    NEW YORK,NY10168     		  PC IMMIGRATION & BODER ENFORCEMENT 100,000
    GLOBAL RESPONSE MANAGEMENT
    463688 STATE ROAD 200 STE 1 150
    YULEE,FL32097     		  PC IMMIGRATION & BODER ENFORCEMENT 200,000
    INNOVATIONS LAW LAB
    PO BOX 8382
    PORTLAND,OR97207     		  PC IMMIGRATION & BODER ENFORCEMENT 150,000
    SILICON VALLEY COMMUNITY FOUNDATION
    2440 WEST EL CAMINO REAL STE 300
    MOUNTAIN VIEW,CA94040     		  PC PROJECT INTECRITY 500,500
    LEADERSHIP CONFERENCE EDU FUND
    1620 L STREET NW SUITE 1100
    WASHINGTON,DC20036     		  PC PROJECT INTEGRITY 200,000
    ANTI-DEFAMATION LEAGUE
    605 THIRD AVENUE
    NEW YORK,NY10158     		  PC PROJECT INTEGRITY 400,000
    CENTER FOR AMERICAN PROGRESS
    1333 H STREET NW 10TH FLOOR
    WASHINGTON,DC20005     		  PC PROJECT INTEGRITY 125,000
    NATIONAL FOREST FOUNDATION
    BUILDING 27 SUITE 3 FORT MISSOULA
    ROAD
    MISSOULA,MT59804     		  PC TRAILS & YOUTH CYCLING 30,000
    VERDE VALLEY WHEEL FUN
    239 SUN UP RANCH RD
    SEDONA,AZ86351     		  PC TRAILS & YOUTH CYCLING 50,000
    WORLD BIKE RELIEF
    1000 WEST FULTON MARKET 4TH FLOOR
    CHICAGO,IL60607     		  PC TRAILS & YOUTH CYCLING 97,500
    NAVAJOYES
    PO BOX 1487
    TEEC NOS POS,AZ86514     		  PC TRAILS & YOUTH CYCLING 95,750
    VERDE VALLEY CYCLIST COALITION
    PO BOX 20332
    SEDONA,AZ86341     		  PC TRAILS & YOUTH CYCLING 102,000
    FLAGSTAFF YOUTH RIDERS
    5135 N AGAVE TRAIL
    FLAGSTAFF,AZ86001     		  PC TRAILS & YOUTH CYCLING 105,000
    CYCLE KIDS INC
    955 MASSACHUSETTS AVE STE 322
    CAMBRIDGE,MA02139     		  PC TRAILS & YOUTH CYCLING 108,200
    DURANGO DEVO
    10 TOWN PLAZA 110
    DURANGO,CO81301     		  PC TRAILS & YOUTH CYCLING 62,685
    FREE BIKES 4 KIDZ
    10914 LEXINGTON DR
    EDEN PRAIRIE,MN55344     		  PC TRAILS & YOUTH CYCLING 50,000
    SILVER STALLION BICYCLE & COFFEE WORKS INC
    808 E GREEN AVE
    GALLUP,NM87301     		  PC TRAILS & YOUTH CYCLING 115,710
    IMBA
    PO BOX 2127
    TELLURIDE,CO81435     		  PC TRAILS & YOUTH CYCLING 75,000
    ROARING FORK CYCLING INC
    818 COLORADO AVENUE
    GLENWOOD SPRINGS,CO81601     		  PC TRAILS & YOUTH CYCLING 95,000
    ROARING FORK MOUNTAIN BIKE ASSOCIATION
    PO BOX 2635
    ASPEN,CA81612     		  PC TRAILS & YOUTH CYCLING 81,000
    COLORADO MOUNTAIN COLLEGE FOUNDATION
    802 GRAND AVENUE
    GLENWOOD SPRINGS,CO81601     		  PC TRAILS & YOUTH CYCLING 50,000
    OUTRIDE
    8235 FORREST AVE
    PHILADELPHIA,PA19150     		  PC TRAILS & YOUTH CYCLING 111,300
    PHOENIX NEWSPAPERS INC
    200 E VAN BUREN ST
    PHOENIX,AZ85004     		  PC WATERSHED HEALTH 65,000
    LEGACY FILMS
    180 W 1950 S
    BOUNTIFUL,UT84010     		  PC WATERSHED HEALTH 150,000
    LINCOLN INST OF LAND POLICY
    11010 N TATUM BLVD D101
    PHOENIX,AZ85028     		  PC WATERSHED HEALTH 60,750
    ASPEN JOURNALISM
    1280 UTE AVENUE
    ASPEN,CO81611     		  PC WATERSHED HEALTH 100,000
    NATIONAL WILDLIFE FEDERATION
    11100 WILDLIFE CENTER DRIVE
    RESTON,VA20190     		  PC WATERSHED HEALTH 141,520
    SKYTRUTH
    PO BOX 3283
    SHEPHERDSTOWN,WV25443     		  PC WATERSHED HEALTH 100,000
    ECOFLIGHT
    307 L AABC
    ASPEN,CO81611     		  PC WATERSHED HEALTH 60,000
    GRAND CANYON TRUST
    2601 N FORT VALLEY ROAD
    FLAGSTAFF,AZ86001     		  PC WATERSHED HEALTH 83,000
    HIGH COUNTRY NEWS
    PO BOX 1090
    PAONIA,CO81428     		  PC WATERSHED HELATH 113,000
    FRIENDS OF PUBLIC RADIO - KJZZ
    2323 W 14TH STREET
    TEMPE,AZ85281     		  PC WATERSHED HELATH 102,000
    Total .................................bullet 3a 23,687,462
    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 ...........     		    14 5,251  
    4 Dividends and interest from securities....     14 1,839,233  
    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.....     18 447,614  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,038,015  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 4,330,113 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,330,113
    (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:  
    Software Version:  


    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
    CATENA FOUNDATION
     
    Employer identification number

    81-3783868
    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
    CATENA FOUNDATION
          		Employer identification number
    81-3783868
    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
    SAMUEL R WALTON
     
    P O BOX 1860
     
    BENTONVILLE, AR72712

    		$ 28,080,390


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    WALTON FAMILY FOUNDATION
     
    PO BOX 1860
     
    BENTONVILLE, AR72712

    		$ 6,000,000


    (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.)
    (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
    CATENA FOUNDATION
          		Employer identification number

    81-3783868
    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
    		 200,000 SHARES OF WALMART STOCK $ 28,080,390 2020-09-28
    (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
     
    		$    
    (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
    CATENA FOUNDATION
          		Employer identification number

    81-3783868
    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:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    CATENA FOUNDATION
    EIN:
    81-3783868
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 87,219 0   43,388

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    TY 2020 ExpenditureResponsibilityStmt
    Name:
    CATENA FOUNDATION
    EIN:
    81-3783868
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    NEEM FOUNDATION
          		2 KWA FALL STREET
    MAITAMA,ABUJA  
    NI     		2018-10-01 457,573 PROVIDE CONTINUED EDUCATION FOR GIRLS AFFECTED BY THE BOKO HARAM INSURGENCY THROUGH LAFIYA SARARI 290,102   12/31/2020 2020-12-31 THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT; THEREFORE, NO FURTHER VERIFIICATION BY THE FOUNDATION IS DEEMED NECESSARY.
    EL COLOR DE LA MEMORIA AC
          		510 VICENTE GUERRERO
    LA PAZ,BAJA CALIFORNIA S23020
    MX     		2018-10-16 5,594 CREATION OF A MURAL, SCULPTURE AND DOCUMENTARY ON THE STORIES OF THE AQUA VERDE COMMUNITY 5,594   8/30/20 2020-12-31 THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT; THEREFORE, NO FURTHER VERIFIICATION BY THE FOUNDATION IS DEEMED NECESSARY.
    HOPI UTILITIES CORPORATION
          		6 EAST ASPEN STE 220
    FLAGSTAFF,AZ86001     		2019-04-10 191,250 HOPI TRIBE ENERGY PROGRAM - DEVELOP AN ENERGY STRATEGY PLAN 127,500   9/29/20 2020-12-31 THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT; THEREFORE, NO FURTHER VERIFIICATION BY THE FOUNDATION IS DEEMED NECESSARY.
    NAVAJO POWER PUBLIC BENEFIT CORPORATION
          		2225 N GEMINI ROAD 18
    FLAGSTAFF,AZ86001     		2020-09-24 500,000 CONTRIBUTE TO THE NAVAJO POWER LOAN SYNDICATE IN ORDER TO FINANCE THE COMPANY'S OPERATIONS AND PROJECT INVESTMENTS, ALL TO PURSUE THE MISSION OF MAXIMIZING ECONOMIC BENEFITS OF CLEAN ENERGY PROJECTS WITH NATIVE AND IMPACTED COMMUNITIES. 500,000   3/31/21   THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT; THEREFORE, NO FURTHER VERIFIICATION BY THE FOUNDATION IS DEEMED NECESSARY.

    TY 2020 InvestmentsOtherSchedule2
    Name:
    CATENA FOUNDATION
    EIN:
    81-3783868
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    NORTHERN TRUST ACCOUNT AT COST 142,906,122 174,693,061

    TY 2020 LegalFeesSchedule
    Name:
    CATENA FOUNDATION
    EIN:
    81-3783868
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 29,236 0   29,236


    TY 2020 OtherDecreasesSchedule
    Name:
    CATENA FOUNDATION
    EIN:
    81-3783868
    Description Amount
    BOOK/TAX TIMING DIFFERENCES 3,740,842


    TY 2020 OtherExpensesSchedule
    Name:
    CATENA FOUNDATION
    EIN:
    81-3783868
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PASS-THROUGH OTHER DEDUCTIONS 466,363 466,363   0
    DUES AND SUBSCRIPTIONS 148 0   148
    BANK FEES 108 0   108
    SUPPLIES 2,453 0   2,453
    PHONE EXPENSE 1,680 0   1,680
    EVENTS & CONFERENCES 500 0   500
    OTHER EXPENSE 1,508 0   1,508
    BUSINESS MEETINGS/MEALS 1,002 0   1,002
    POSTAGE 22 0   22
    WEBSITE EXPENSE 1,835 0   1,835


    TY 2020 OtherIncomeSchedule2
    Name:
    CATENA FOUNDATION
    EIN:
    81-3783868
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BOOK INVESTMENT INCOME 0 0 0
    OTHER INVESTMENT INCOME FROM NT 997 997 997
    NET OTHER INCOME FROM PASSTHROUGH 446,617 446,617 446,617


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    TY 2020 OtherNotesLoansRcvblLongSch
    Name:
    CATENA FOUNDATION
    EIN:
    81-3783868

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    THE TRUST FOR PUBLIC LAND NONE 1,363,500 1,363,500 2018-10 2021-10 3 YEAR ANNIVERSARY OF CLOSING DATE OR SALE TO USFS 100.0000000000 %   ACQUIRE 61 ACRES AT THE BEAVER CREEK-VERDE RIVER CASH 1,363,500
    FIRST SOUTHWEST COMMUNITY FUND NONE 500,000 500,000 2020-05 2023-05 7 YEAR ANNIVERSARY OF LOAN ORIGINATION 200.0000000000 %   COVID RECOVERY LOAN FUND CASH 500,000
    NAVAJO POWER   500,000 500,000 2020-09 2023-09 5 YEAR ANNIVERSARY OF LOAN ORIGINATION 100.0000000000 %   UTILITY-SCALE SOLAR DEVELOPMENT EXPANSION CASH 500,000

    TY 2020 OtherProfessionalFeesSchedule
    Name:
    CATENA FOUNDATION
    EIN:
    81-3783868
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 380,781 380,781   0
    CONSULTING FEES 426,287 0   426,287


    TY 2020 TaxesSchedule
    Name:
    CATENA FOUNDATION
    EIN:
    81-3783868
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PASS-THROUGH FOREIGN TAXES 44,268 44,268   0
    FOREIGN TAXES 7,933 7,933   0