TY 2021 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	238,847,153
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	5,786,272	5,786,272	5,786,272
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		12,027,697
b	Gross sales price for all assets on line 6a 267,702,181
7	Capital gain net income (from Part IV, line 2)...		12,027,365
8	Net short-term capital gain.........			7,650,474
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).......		112,510	112,510	112,510
12	Total. Add lines 1 through 11........	256,773,632	17,926,147	13,549,256
	13	Compensation of officers, directors, trustees, etc.	0			0
14	Other employee salaries and wages......	4,024,155			4,024,155
15	Pension plans, employee benefits.......	229,730			229,730
16a	Legal fees (attach schedule).........		76,848	0	0	76,848
b	Accounting fees (attach schedule).......		21,566	0	0	21,566
c	Other professional fees (attach schedule)....		3,841,665	280,148	280,148	3,561,517
17	Interest...............	7,725	7,725	7,725
18	Taxes (attach schedule) (see instructions)...		900,882	337,743	337,743	233,049
19	Depreciation (attach schedule) and depletion...		13,241	0	0
20	Occupancy..............	3,143,709			3,143,709
21	Travel, conferences, and meetings.......	41,394			41,394
22	Printing and publications..........	84,408			84,408
23	Other expenses (attach schedule).......		866,298	143,395	143,395	722,778
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	13,251,621	769,011	769,011	12,139,154
25	Contributions, gifts, grants paid.......	0			0
26	Total expenses and disbursements. Add lines 24 and 25	13,251,621	769,011	769,011	12,139,154
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	243,522,011
b	Net investment income (if negative, enter -0-)		17,157,136
c	Adjusted net income (if negative, enter -0-)...			12,780,245

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	258,342	3,431,389	3,431,389
	2	Savings and temporary cash investments.........
	3	Accounts receivable 71,428
		Less: allowance for doubtful accounts	214,347	71,428	71,428
	4	Pledges receivable
		Less: allowance for doubtful accounts		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) 0
		Less: allowance for doubtful accounts 0	0	0	0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	1,450	0	0
	10a	Investments—U.S. and state government obligations (attach schedule)	0	0	0
	b	Investments—corporate stock (attach schedule).......	0	0	0
	c	Investments—corporate bonds (attach schedule).......	0		0
	11	Investments—land, buildings, and equipment: basis 0
		Less: accumulated depreciation (attach schedule) 0	0		0
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	366,331,833	601,534,431	627,312,310
	14	Land, buildings, and equipment: basis 86,912
		Less: accumulated depreciation (attach schedule) 18,987	81,166	67,925	67,925
	15	Other assets (describe )	1,008,002	6,313,697	6,313,697
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	367,895,140	611,418,870	637,196,749
	17	Accounts payable and accrued expenses..........	0	1,719
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	1,719
		Foundations that follow FASB ASC 958, check here
		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
		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	367,895,140	611,417,151
	29	Total net assets or fund balances (see instructions).....	367,895,140	611,417,151
	30	Total liabilities and net assets/fund balances (see instructions).	367,895,140	611,418,870

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

367,895,140

Enter amount from Part I, line 27a .....................

243,522,011

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

611,417,151

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

611,417,151

(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	NT CASH - VARIOUS STOCKS	P	2021-01-01	2021-12-31
b	NT CASH - CAPITAL GAIN DISTRIBUTION	P
c	NT EAFE - CAPITAL GAIN DISTRIBUTION	P	2021-01-01	2021-12-31
d	NT EAFE - VARIOUS STOCKS	P	2021-01-01	2021-12-31
e	NT EAFE - CAPITAL GAIN DISTRIBUTION	P
	NT EQUITIZATION - CAPITAL GAIN DISTRIBUTION	P	2021-01-01	2021-12-31
	NT EQUITIZATION - CAPITAL GAIN DISTRIBUTION	P
	NT EQUITIZATION - CAPITAL GAIN DISTRIBUTION	P
	NT R1000 - VARIOUS STOCKS	P	2021-01-01	2021-12-31
	NT R1000 - CAPITAL GAIN DISTRIBUTION	P
	NT R1000 - VARIOUS STOCKS	P
	NT R1000 - CAPITAL GAIN DISTRIBUTION	P
	NT WALTER SCOTT - VARIOUS STOCKS	P	2021-01-01	2021-12-31
	PASS-THROUGH - CAPITAL GAINS	P	2021-01-01	2021-12-31
	PASS-THROUGH - CAPITAL GAINS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	162,000,367	161,503,810	496,557
b	248,872	0	248,872
c	56,295	0	56,295
d	30,019,282	28,398,826	1,620,456
e	904,398	0	904,398
	889,006	0	889,006
	4	0	4
	1,333,508	0	1,333,508
	69,447,855	65,131,559	4,316,296
	24,272	0	24,272
	1,709,217	120,046	1,589,171
	7,062	6,664	398
	459,817	513,579	-53,762
	325,825	199	325,626
	276,401	133	276,268

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	496,557
b		0	248,872
c		0	56,295
d		0	1,620,456
e		0	904,398
		0	889,006
		0	4
		0	1,333,508
		0	4,316,296
		0	24,272
		0	1,589,171
		0	398
		0	-53,762
		0	325,626
		0	276,268

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	12,027,365
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 ...................		3	7,650,474

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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	238,484
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	238,484
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	325,000
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	100,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	425,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	186,516
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax186,516	Refunded	11	0

(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
ALICE L WALTON	DIRECTOR, PRESIDENT 5.000	0	0	0
PO Box 1860 Bentonville,AR72712
JAMES M WALTON	DIRECTOR 2.000	0	0	0
PO Box 1860 Bentonville,AR72712
RAY CHAMBERS	DIRECTOR 2.000	0	0	0
PO Box 1860 Bentonville,AR72712
ROSS DEVOL	DIRECTOR 2.000	0	0	0
PO Box 1860 Bentonville,AR72712
MATTHEW HARRIS	DIRECTOR 2.000	0	0	0
PO Box 1860 Bentonville,AR72712
RALPH SNYDERMAN	DIRECTOR 2.000	0	0	0
PO Box 1860 Bentonville,AR72712
DEEPAK CHOPRA	DIRECTOR (UNTIL 3/09/21) 1.000	0	0	0
PO Box 1860 Bentonville,AR72712
TRACY GAUDET GROSSENBACHER	CHIEF EXECUTIVE OFFICER 40.000	616,534	75,966	0
PO Box 1860 Bentonville,AR72712
DELOS MARSHALL COSGROVE	DIRECTOR (FROM 7/01/21) 2.000	0	0	0
PO Box 1860 Bentonville,AR72712
TRACY CUDE	CFO AND TREASURER 5.000	0	0	0
PO Box 1860 Bentonville,AR72712
BUDDY PHILPOT	SECRETARY 1.000	0	0	0
PO Box 1860 Bentonville,AR72712


(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
JAMES MARZOLF	SENIOR DIRECTOR 40.000	416,730	64,749	0
PO Box 1860 Bentonville,AR72712	SENIOR DIRECTOR 40.000	416,730	64,749	0
LORI KNUTSON	EXECUTIVE DIRECTOR 40.000	344,702	65,651	0
PO Box 1860 Bentonville,AR72712	EXECUTIVE DIRECTOR 40.000	344,702	65,651	0
HENRI ROCA	MD DIRECTOR 40.000	313,147	65,591	0
PO Box 1860 Bentonville,AR72712	MD DIRECTOR 40.000	313,147	65,591	0
AMANDA HULL	SENIOR DIRECTOR 40.000	250,217	52,083	0
PO Box 1860 Bentonville,AR72712	SENIOR DIRECTOR 40.000	250,217	52,083	0
RUSS GREENFIELD	SENIOR DIRECTOR 40.000	184,865	16,661	0
PO Box 1860 Bentonville,AR72712	SENIOR DIRECTOR 40.000	184,865	16,661	0
Total number of other employees paid over $50,000...................				21


BALDWIN & SHELL CONSTRUCTION COMPANY	CONSTRUCTION SERVICES	2,515,949
6514 A LYNCHS PRAIRIE COVE SPRINGDALE,AR72762
MARLON BLACKWELL ARCHITECTS	ARCHITECTURE SERVICES	2,467,473
42 E Center St Fayetteville,AR72701
THE GOLDIE HAWN FOUNDATION	TRAINING AND RESEARCH SERVICES	1,100,000
220 26TH ST STE 203 SANTA MONICA,CA904022500
ALLIANCE SUPPORT CO LLC	MANAGEMENT SERVICES	436,091
600 MUSEUM WAY BENTONVILLE,AR72712
MARK DREUSICKE LLC	CONSULTING SERVICES	364,102
3211 5TH AVE UNIT 107 SAN DIEGO,CA92103

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	Supporting integrative health and wellness programs and initiatives for the benefit of the public	12,139,154
2


3


4

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

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........
4Qualifying distributions for 2021 from Part
XI, line 4: $
a Applied to 2020, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2021 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2021.
(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
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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 ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........
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) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....

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) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total
	12,780,245	100,113	0		12,880,358
b 85% (0.85) of line 2a .........	10,863,208	85,096	0		10,948,304
c Qualifying distributions from Part XI, line 4 for each year listed .....	17,444,849	6,572,298	366,665		24,383,812
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........					0
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	17,444,849	6,572,298	366,665		24,383,812
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 IX, line 6 for each year listed ..	13,377,401	659,195	13,595		14,050,192
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

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a				0

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	(e) Related or exempt function income (See instructions.)
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 ....
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 ............	523000	332	18	12,027,365
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) ..		332		17,926,147	0

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Software ID:	21014044
Software Version:	2021v4.2

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
BALDWIN & SHELL CONSTRUCTION COMPANY	CONSTRUCTION SERVICES	2,515,949
6514 A LYNCHS PRAIRIE COVE SPRINGDALE,AR72762	CONSTRUCTION SERVICES	2,515,949
MARLON BLACKWELL ARCHITECTS	ARCHITECTURE SERVICES	2,467,473
42 E Center St Fayetteville,AR72701	ARCHITECTURE SERVICES	2,467,473
THE GOLDIE HAWN FOUNDATION	TRAINING AND RESEARCH SERVICES	1,100,000
220 26TH ST STE 203 SANTA MONICA,CA904022500	TRAINING AND RESEARCH SERVICES	1,100,000
ALLIANCE SUPPORT CO LLC	MANAGEMENT SERVICES	436,091
600 MUSEUM WAY BENTONVILLE,AR72712	MANAGEMENT SERVICES	436,091
MARK DREUSICKE LLC	CONSULTING SERVICES	364,102
3211 5TH AVE UNIT 107 SAN DIEGO,CA92103	CONSULTING SERVICES	364,102

bApproved for future payment

Total ................................. 3b				0

Name of organization Whole Health Institute

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	ALICE L WALTON PO BOX 1860 BENTONVILLE, AR72712	$ 238,847,153	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Name of organization Whole Health Institute		Employer identification number 83-4022137

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	7,492 SHARES OF PUBLICLY TRADED SECURITIES	$ 1,847,153	2021-06-28
(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) (2021)


Name of organization Whole Health Institute			Employer identification number 83-4022137
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.) $ Use duplicate copies of Part III if additional space is needed.

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Total (net)
NT CASH - VARIOUS STOCKS	2021-01	P	2021-12	162,000,367	161,503,810	496,557
NT CASH - CAPITAL GAIN DISTRIBUTION		P		248,872	0	248,872
NT EAFE - CAPITAL GAIN DISTRIBUTION	2021-01	P	2021-12	56,295	0	56,295
NT EAFE - VARIOUS STOCKS	2021-01	P	2021-12	30,019,282	28,398,826	1,620,456
NT EAFE - CAPITAL GAIN DISTRIBUTION		P		904,398	0	904,398
NT EQUITIZATION - CAPITAL GAIN DISTRIBUTION	2021-01	P	2021-12	889,006	0	889,006
NT EQUITIZATION - CAPITAL GAIN DISTRIBUTION		P		4	0	4
NT EQUITIZATION - CAPITAL GAIN DISTRIBUTION		P		1,333,508	0	1,333,508
NT R1000 - VARIOUS STOCKS	2021-01	P	2021-12	69,447,855	65,131,559	4,316,296
NT R1000 - CAPITAL GAIN DISTRIBUTION		P		24,272	0	24,272
NT R1000 - VARIOUS STOCKS		P		1,709,217	120,046	1,589,171
NT R1000 - CAPITAL GAIN DISTRIBUTION		P		7,062	6,664	398
NT WALTER SCOTT - VARIOUS STOCKS	2021-01	P	2021-12	459,817	513,579	-53,762
PASS-THROUGH - CAPITAL GAINS	2021-01	P	2021-12	325,825	0	325,825
PASS-THROUGH - CAPITAL GAINS		P		276,401	0	276,401

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
NT - Investment Account	AT COST	345,047,714	338,323,268
NT - R1000 Account	AT COST	156,909,215	185,694,758
NT - EAFE Account	AT COST	71,520,965	74,463,176
NT - Cash Equitization Account	AT COST	19,961,056	19,961,287
NT - Walter Scott International	AT COST	8,010,481	8,787,423
Alliance Support Co., LLC	AT COST	85,000	82,398

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Furniture and Fixtures	72,479	14,657	57,822	57,822
Software and Info Systems	14,433	4,330	10,103	10,103

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Miscellaneous	6,492			6,492
Office Supplies	17,803			17,803
Dues & Subscriptions	126,584			126,584
Training	52,466			52,466
Mobile Phones	11,213			11,213
Payroll Fees	13,411			13,411
Insurance	44,809			44,809
Program Sponsorships	450,000			450,000
Pass-through - Other Deductions	143,395	143,395	143,395
Pass-through - Nondeductible Expenses	125

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Northern Trust	24,100	24,100	24,100
Pass-through - Other income/(loss)	88,410	88,410	88,410

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Administrator & Management Fees	378,783			378,783
Investment Management Fees	280,148	280,148	280,148
Consulting Fees	94,419			94,419
Recruitment	45,169			45,169
Contract Personnel	314,394			314,394
IT Expenses	298,365			298,365
Program Innovations	1,100,000			1,100,000
Program Evaluation	138,790			138,790
Education Plan Development	1,067,504			1,067,504
Communications	124,093			124,093

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Payroll Taxes	233,049			233,049
Excise Tax	330,090
Northern Trust - Foreign Taxes	336,556	336,556	336,556
Pass-through - Foreign Taxes	1,187	1,187	1,187