Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 10-01-2022 , and ending 09-30-2023
Name of foundation
Art Bridges Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)209 WEST 2ND STREET 370
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FORT WORTH, TX76102
A Employer identification number

81-0842855
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$998,023,224
J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 22,290,064 22,287,080 22,290,064
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,021,109
b Gross sales price for all assets on line 6a 193,047,775
7 Capital gain net income (from Part IV, line 2)... 5,965,082
8 Net short-term capital gain......... 0
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)....... -297,480 -104,086 -297,480
12 Total. Add lines 1 through 11........ 28,013,693 28,148,076 21,992,584
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 599,969     599,969
14 Other employee salaries and wages...... 1,906,875     1,906,875
15 Pension plans, employee benefits....... 455,268     455,268
16a Legal fees (attach schedule)......... 52,126 0 0 52,126
b Accounting fees (attach schedule)....... 41,223 0 0 41,223
c Other professional fees (attach schedule).... 5,049,119 1,489,791 1,489,791 3,559,328
17 Interest............... 395,228 392,072 395,228  
18 Taxes (attach schedule) (see instructions)... 1,260,636 308,630 308,630 0
19 Depreciation (attach schedule) and depletion... 122,886 0 0
20 Occupancy.............. 86,363     86,363
21 Travel, conferences, and meetings....... 230,358     230,358
22 Printing and publications.......... 3,186     3,186
23 Other expenses (attach schedule)....... 108,008,959 4,014,820 4,157,003 103,848,778
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 118,212,196 6,205,313 6,350,652 110,783,474
25 Contributions, gifts, grants paid....... 278,696,414 278,696,414
26 Total expenses and disbursements. Add lines 24 and 25 396,908,610 6,205,313 6,350,652 389,479,888
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -368,894,917
b Net investment income (if negative, enter -0-) 21,942,763
c Adjusted net income (if negative, enter -0-)... 15,641,932
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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............. 4,247,009 6,257,852 6,257,852
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow108,934
Less: allowance for doubtful accounts right arrow   5,230 108,934 108,934
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 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) right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
0
0
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,214,357,330 Click to see attachment
List of Attached Documents:
// Content
860,899,813
991,047,232
14 Land, buildings, and equipment: basis right arrow943,661
Less: accumulated depreciation (attach schedule) right arrow334,455 412,196 Click to see attachment
List of Attached Documents:
// Content
609,206
609,206
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,219,021,765 867,875,805 998,023,224
Liabilities 17 Accounts payable and accrued expenses.......... 19,444  
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 19,444 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
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 1,219,002,321 867,875,805
29 Total net assets or fund balances (see instructions)..... 1,219,002,321 867,875,805
30 Total liabilities and net assets/fund balances (see instructions). 1,219,021,765 867,875,805
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
1,219,002,321
2
Enter amount from Part I, line 27a .....................
2
-368,894,917
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
17,768,401
4
Add lines 1, 2, and 3 ..........................
4
867,875,805
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
867,875,805
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a NORTHERN TRUST - ENDOWMENT P    
b NORTHERN TRUST - EQUITIZATION P 2022-10-01 2023-09-30
c NORTHERN TRUST - EQUITIZATION P 2022-10-01 2023-09-30
d NORTHERN TRUST - EQUITIZATION P    
e NORTHERN TRUST - R1000 P 2022-10-01 2023-09-30
NORTHERN TRUST - R1000 P    
NORTHERN TRUST - R1000 P    
NORTHERN TRUST - WALTER SCOTT P 2022-10-01 2023-09-30
NORTHERN TRUST - WALTER SCOTT P    
PASS-THROUGH GAIN/LOSS P 2022-10-01 2023-09-30
PASS-THROUGH GAIN/LOSS 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 86,100,276   88,357,836 -2,257,560
b 9,533,360   9,533,437 -77
c 4,449,111   0 4,449,111
d 6,673,666   0 6,673,666
e 8,100,147   8,084,346 15,801
70,147,734   61,219,632 8,928,102
14,191   0 14,191
151,908   159,999 -8,091
6,280,739   5,811,243 469,496
0   13,704,040 -13,704,040
1,596,643   212,160 1,384,483
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 -2,257,560
b     0 -77
c     0 4,449,111
d     0 6,673,666
e     0 15,801
    0 8,928,102
    0 14,191
    0 -8,091
    0 469,496
    0 -13,704,040
    0 1,384,483
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 5,965,082
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 -9,247,296
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
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 right arrow 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) 1 305,004
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........................... 3 305,004
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- ..... 5 305,004
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 1,207,390
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,207,390
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 902,386
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow902,386 Refundedright arrow 11 0
Part VI-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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 changesClick to see attachment
List of Attached Documents:
// Content
....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDE, TX
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 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
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 (2022)
Form 990-PF (2022)
Page 5
Part VI-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 addressright arrowWWW.ARTBRIDGESFOUNDATION.ORG
14
The books are in care ofright arrowABIGAIL SPINKS Telephone no.right arrow (918) 273-8194

Located atright arrow300 SW 24th StreetBENTONVILLEAR ZIP+4right arrow72712
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowJA, NL, UK, CA, DA, FR, GM
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2022? .............
1d
 
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2022 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 2022.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
 
No
Part VII
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
ALICE L WALTON DIRECTOR, PRESIDENT
5.000
0 0 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
CHARLES M DIKER DIRECTOR
1.000
0 0 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
DARREN WALKER DIRECTOR
1.000
0 0 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
GLENN L LOWRY DIRECTOR
1.000
0 0 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
GRETCHEN DIETRICH DIRECTOR
1.000
0 0 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
MICHAEL GOVAN DIRECTOR
1.000
0 0 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
PAULINE WILLIS DIRECTOR
1.000
0 0 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
ROD BIGELOW DIRECTOR
1.000
0 0 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
ERIC HASKEL VICE PRESIDENT, STRATEGY (UNTIL 12/9/22)
1.000
0 0 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
PHILIP SIGSWORTH CHIEF FINANCIAL OFFICER, TREASURER
1.000
0 0 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
RICHARD HOSLEY SECRETARY
1.000
0 0 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
WALTER HARRIS VICE PRESIDENT, OPERATIONS (UNTIL 8/12/23)
1.000
0 0 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
PAUL PROVOST CHIEF EXECUTIVE OFFICER (UNTIL 8/12/23)
40.000
415,386 20,000 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
MICHAEL SHAPIRO INTERIM CHIEF FINANCIAL OFFICER (FROM 8/22/23)
40.000
0 0 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
IAN MOGAVERO CHIEF OPERATING OFFICER (FROM 8/22/23)
40.000
0 0 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
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
AZUKA MUMIN DIRECTOR OF DEA
40.000
134,615 5,332 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
GABRIEL FORD MARKETING DIRECTOR
40.000
124,061 10,535 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
COLIN CARMICHAEL WEB CONTENT MANAGER
40.000
120,215 21,304 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
ALANA RYDER DIRECTOR OF FELLOWS
40.000
113,773 11,581 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
BRITTANY VERNON Director of Learning
40.000
103,485 11,067 0
209 WEST 2ND STREET 370
FORT WORTH,TX76102
Total number of other employees paid over $50,000...................right arrow 12
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
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
ALLIANCE SUPPORT CO LLC MANAGEMENT SERVICES 1,424,401
PO BOX 1860
BENTONVILLE,AR72712
WALTON ENTERPRISES LLC MANAGEMENT SERVICES 775,948
PO BOX 1860
BENTONVILLE,AR72712
CLAY GLOBAL LLC WEBSITE DESIGN 488,550
300 BROADWAY SUITE 23
SAN FRANCISCO,CA94133
GENERAL ATLANTIC SERVICE COMPANY INVESTMENT MANAGEMENT 327,617
55 EAST 52ND STREET
NEW YORK,NY10055
WALTER SCOTT & PARTNERS LIMITED INVESTMENT MANAGEMENT 306,880
ONE CHARLOTTE SQUARE
EDINBURGH   EH24DR
UK
Total number of others receiving over $50,000 for professional services.............right arrow6
Part VIII-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 ART BRIDGES ("AB") CREATES AND SUPPORTS PROGRAMS THAT EXPAND ACCESS TO AMERICAN ART IN ALL REGIONS ACROSS THE NATION. AB EXECUTES THIS MISSION BY ACQUIRING WORKS OF ART TO BE SHARED WITH REGIONAL MUSEUMS AS LONG-TERM LOANS, BY FORMING & SUPPORTING COLLECTION-BASED EXHIBITIONS OF AMERICAN ART THAT TRAVEL TO MUSEUMS OF ALL SIZES & BY DEVELOPING COLLABORATIVE PROGRAMS TO BRING WORKS OF ART OUT OF STORAGE & INTO COMMUNITIES. AB PROVIDES VARIOUS LEVELS OF FINANCIAL SUPPORT FOR THE DIRECT COSTS ASSOCIATED WITH THE LENDING OF THE AB COLLECTION, FOR TRAVELING EXHIBITIONS & FOR JOINT PROGRAMS FOR LONG-TERM LOANS & COLLECTION SHARING INITIATIVES. IN TANDEM WITH THESE PROGRAMS, AB PROVIDES SUPPORT FOR PROGRAMMING, AUDIENCE ENGAGEMENT & EDUCATION. AB PROVIDES FINANCIAL SUPPORT TO PARTNER INSTITUTIONS TO HELP DEEPEN THEIR CONNECTION WITH THEIR LOCAL COMMUNITIES & TO CONNECT INSTITUTIONS OF VARYING SIZES & SCOPES IN JOINT PARTNERSHIPS THAT PROVIDE OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT. 111,103,371
2  
3  
4  
Part VIII-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.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
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
1,215,895,502
b
Average of monthly cash balances.......................
1b
74,017,875
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
1,289,913,377
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
1,289,913,377
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
19,348,701
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,270,564,676
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
63,528,234
Part X
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 IX, line 6..................
1
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
Part XI
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
389,479,888
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
319,897
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
389,799,785
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus
(b)
Years prior to 2021
(c)
2021
(d)
2022
1 Distributable amount for 2022 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......  
b Total for prior years:20, 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$  
a Applied to 2021, 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 2022 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2022.    
(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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
 
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 ..........
 
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 2017 not
applied on line 5 or line 7 (see instructions) ...
 
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ......
 
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022....  
Form 990-PF (2022)
Form 990-PF (2022)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2022, enter the date of the ruling ...... right arrow
2016-07-27
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 IX for each
year listed ..........
Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
15,641,932 21,904,007 45,896,111 22,711,238 106,153,288
b 85% (0.85) of line 2a ......... 13,295,642 18,618,406 39,011,694 19,304,552 90,230,295
c Qualifying distributions from Part XI,
line 4 for each year listed .....
389,799,785 38,665,326 18,597,645 31,257,738 478,320,494
d Amounts included in line 2c not used directly
for active conduct of exempt activities ..........
278,696,414       278,696,414
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c ....
111,103,371 38,665,326 18,597,645 31,257,738 199,624,080
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 ..
42,352,156 46,856,415 47,977,564 36,529,383 173,715,518
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 XIV
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).)
ALICE L 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 right arrow
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 (2022)
Form 990-PF (2022)
Page 11
Part XIV
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

ALICE L WALTON SCHOOL OF MEDICINE

PO BOX 1860
BENTONVILLE,AR72712
  PC To explore, research, develop, and implement programs using art as a tool for learning. 248,696,414

CRYSTAL BRIDGES MUSEUM OF AMERICAN ART INC

600 Museum Way
BENTONVILLE,AR72712
  PC To construct and improve facilities to exhibit art for the public's education and benefit. 30,000,000
Total .................................right arrow 3a 278,696,414
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ...........
         
4 Dividends and interest from securities .... 523000 2,984 14 22,287,080  
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 56,027 18 5,965,082  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aEXHIBITION & LOAN FEES
        142,183
bNORTHERN TRUST     14 -7,138  
cPASS-THROUGH - OTHER INCOME/(LOSS) 523000 -335,577 14 -96,948  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -276,566 28,148,076 142,183
13Total. Add line 12, columns (b), (d), and (e)..................
13
28,013,693
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
11a ART BRIDGES PARTNERS WITH OUTSTANDING INSTITUTIONS OF ALL SIZES TO DEVELOP TRAVELING EXHIBITIONS FEATURING AMERICAN ART. IN ADDITION, ART BRIDGES ACQUIRES WORKS OF ART TO BE SHARED WITH REGIONAL MUSEUMS AS LONG-TERM LOANS.
Form 990-PF (2022)
Form 990-PF (2022)
Page 13
Part XVI
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.
right arrow right arrow
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 Check if self-
employed right arrow
PTIN
Firm's name SmallBullet
Firm's EIN SmallBullet
Firm's address SmallBullet


Phone no.
Form 990-PF (2022)
Additional Data


Software ID: 22016089
Software Version: 2022v5.0


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 AccountingFeesSchedule
Name:
Art Bridges Inc
EIN:
81-0842855
Software ID:
22016089
Software Version:
2022v5.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 41,223     41,223

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

TY 2022 DepreciationSchedule
Name:
Art Bridges Inc
EIN:
81-0842855
Software ID:
22016089
Software Version:
2022v5.0
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)
Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
Website Development 2020-07-31 795,192 182,538 SL 5.0 104,232      
Website Design 2020-07-31 17,397 7,828 SL 5.0 2,769      
Gallery Systems Website 2020-07-31 7,500 3,375 SL 5.0 1,194      
Synology RS819 Rack Mount 2020-07-31 1,916 864 SL 5.0 303      
Salesforce 2021-09-30 60,000 13,000 SL 5.0 10,774      
Computer Equipment 2020-07-31 5,985 2,693 SL 5.0 1,179      
AV Equp New Server 2020-07-31 2,824 1,271 SL 5.0 556      
LAPTOP 2020-07-31 2,595 0 SL 5.0 551      
SOFTWARE DEVELOPMENT 2023-06-12 5,850 0 SL 5.0 390      
SOFTWARE DEVELOPMENT 2023-07-05 6,240 0 SL 5.0 312      
SOFTWARE Development 2023-08-08 14,757 0 SL 5.0 491      
SOFTWARE DEVELOPMENT 2023-09-08 8,093 0 SL 5.0 135      

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TY 2022 GainLossSaleOtherAssetsSch
Name:
Art Bridges Inc
EIN:
81-0842855
Software ID:
22016089
Software Version:
2022v5.0
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
NORTHERN TRUST - ENDOWMENT   P     86,100,276 88,357,836     -2,257,560  
NORTHERN TRUST - EQUITIZATION 2022-10 P 2023-09   9,533,360 9,533,437     -77  
NORTHERN TRUST - EQUITIZATION 2022-10 P 2023-09   4,449,111 0     4,449,111  
NORTHERN TRUST - EQUITIZATION   P     6,673,666 0     6,673,666  
NORTHERN TRUST - R1000 2022-10 P 2023-09   8,100,147 8,084,346     15,801  
NORTHERN TRUST - R1000   P     70,147,734 61,219,632     8,928,102  
NORTHERN TRUST - R1000   P     14,191       14,191  
NORTHERN TRUST - WALTER SCOTT 2022-10 P 2023-09   151,908 159,999     -8,091  
NORTHERN TRUST - WALTER SCOTT   P     6,280,739 5,811,243     469,496  
PASS-THROUGH GAIN/LOSS   P     1,596,643 0     1,596,643  
PASS-THROUGH GAIN/LOSS 2022-10 P 2023-09   0 13,860,173     -13,860,173  

TY 2022 InvestmentsOtherSchedule2
Name:
Art Bridges Inc
EIN:
81-0842855
Software ID:
22016089
Software Version:
2022v5.0
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ASC, LLC AT COST 85,000 85,000
Northern Trust Managed Income Accounts AT COST 860,814,813 990,962,232

TY 2022 LandEtcSchedule2
Name:
Art Bridges Inc
EIN:
81-0842855
Software ID:
22016089
Software Version:
2022v5.0
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
WEBSITE DEVELOPMENT 795,192 286,770 508,422 508,422
WEBSITE DESIGN 17,397 10,597 6,800 6,800
GALLERY SYSTEMS WEBSITE 7,500 4,569 2,931 2,931
SYNOLOGY RS819 RACK MOUNT 1,916 1,167 749 749
SALESFORCE 60,000 23,774 36,226 36,226
COMPUTER EQUIPMENT 5,985 3,872 2,113 2,113
AV EQUIP NEW SERVER 2,824 1,827 997 997
LAPTOP 2,595 551 2,044 2,044
SOFTWARE DEVELOPMENT 5,850 390 5,460 5,460
SOFTWARE DEVELOPMENT 6,240 312 5,928 5,928
SOFTWARE DEVELOPMENT 14,757 491 14,266 14,266
SOFTWARE DEVELOPMENT 8,093 135 7,958 7,958
CONSTRUCTION IN PROGRESS 15,312 0 15,312 15,312


TY 2022 LegalFeesSchedule
Name:
Art Bridges Inc
EIN:
81-0842855
Software ID:
22016089
Software Version:
2022v5.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal fees 52,126     52,126


TY 2022 OtherExpensesSchedule
Name:
Art Bridges Inc
EIN:
81-0842855
Software ID:
22016089
Software Version:
2022v5.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ART ACQUISITION EXPENSE 53,959,519     53,959,519
AWARDS 47,894,867     47,894,867
EXHIBITION SUPPORT COSTS 782,396   142,183 640,213
TECHNOLOGY EXPENSE 373,393     373,393
EVALUATION 365,170     365,170
INSURANCE 209,511     209,511
ADVERTISING/PROMOTION 62,915     62,915
RECRUITING EXPENSE 57,745     57,745
PROFESSIONAL DEVELOPMENT 28,572     28,572
SUPPLIES 23,028     23,028
EVENT EXPENSE 16,711     16,711
Pass-through - Other Deductions 4,014,820 4,014,820 4,014,820  
Pass-through - Nondeductible Expenses 3,178      
PUBLIC RELATIONS 52,500     52,500
INTERNSHIP PROGRAM 47,052     47,052
REPAIRS AND MAINTENANCE 11,645     11,645
MEMBERSHIPS, DUES AND SUBSCRIPTIONS 8,748     8,748
MISCELLANEOUS 1,912     1,912
EDUCATION PROGRAM COSTS 95,277     95,277


TY 2022 OtherIncomeSchedule2
Name:
Art Bridges Inc
EIN:
81-0842855
Software ID:
22016089
Software Version:
2022v5.0
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Exhibition & Loan Fees 142,183   142,183
Northern Trust -7,138 -7,138 -7,138
Pass-through - Other income/(loss) -432,525 -96,948 -432,525


TY 2022 OtherIncreasesSchedule
Name:
Art Bridges Inc
EIN:
81-0842855
Software ID:
22016089
Software Version:
2022v5.0
Description Amount
BOOK/TAX DIFFERENCES IN INVESTMENTS 17,768,401


TY 2022 OtherProfessionalFeesSchedule
Name:
Art Bridges Inc
EIN:
81-0842855
Software ID:
22016089
Software Version:
2022v5.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATOR & MANAGEMENT FEE 3,555,928     3,555,928
INVESTMENT MANAGEMENT FEES 1,489,791 1,489,791 1,489,791  
HONORARIUM 3,400     3,400


TY 2022 TaxesSchedule
Name:
Art Bridges Inc
EIN:
81-0842855
Software ID:
22016089
Software Version:
2022v5.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 952,006      
NORTHERN TRUST - FOREIGN TAXES 269,395 269,395 269,395  
PASS-THROUGH - FOREIGN TAXES 39,235 39,235 39,235