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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
Town Branch Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1860
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BENTONVILLE, AR71712
A Employer identification number

82-3575662
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$566,470,810J 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... 12,689,248 12,689,248  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 17,530,252
b Gross sales price for all assets on line 6a 118,195,252
7 Capital gain net income (from Part IV, line 2)... 17,530,252
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
574,595 -22,377 0
12 Total. Add lines 1 through 11........ 30,794,095 30,197,123 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 589,326     589,326
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 151,964     151,964
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
78,893 0 0 78,893
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
109,101 0 0 109,101
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
4,663,082 401,406 0 4,261,676
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,388,753 802,032 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
840,728 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 7,394     7,394
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
163,366 36,537 0 126,829
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,992,607 1,239,975 0 5,325,183
25 Contributions, gifts, grants paid....... 37,811,935 37,811,935
26 Total expenses and disbursements. Add lines 24 and 25 45,804,542 1,239,975 0 43,137,118
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -15,010,447
b Net investment income (if negative, enter -0-) 28,957,148
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 639,421 408,974 408,974
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow438
Less: allowance for doubtful accounts right arrow   0 438 438
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 arrow15,271,055
Less: allowance for doubtful accounts right arrow0 14,910,716 Click to see attachment
List of Attached Documents:
// Content
15,271,055 		15,271,055
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).......... 437,671,150 Click to see attachment
List of Attached Documents:
// Content
398,245,659 		494,133,702
14 Land, buildings, and equipment: basis right arrow57,894,544
Less: accumulated depreciation (attach schedule) right arrow1,237,903 34,063,220 Click to see attachment
List of Attached Documents:
// Content
56,656,641 		56,656,641
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) 487,284,507 470,582,767 566,470,810
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 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 487,284,507 470,582,767
29 Total net assets or fund balances (see instructions)..... 487,284,507 470,582,767
30 Total liabilities and net assets/fund balances (see instructions). 487,284,507 470,582,767
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
487,284,507
2
Enter amount from Part I, line 27a .....................
2
-15,010,447
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
472,274,060
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,691,293
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
470,582,767
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a NORTHERN TRUST CASH ACCOUNT - VARIOUS STOCKS P    
b NORTHERN TRUST CASH ACCOUNT - VARIOUS STOCKS P    
c NORTHERN TRUST EAFE - VARIOUS STOCKS P    
d NORTHERN TRUST EAFE - VARIOUS STOCKS P    
e NORTHERN TRUST EAFE - CAPITAL GAIN DISTRIBUTION P    
NORTHERN TRUST R1000 - VARIOUS STOCKS P    
NORTHERN TRUST R1000 - VARIOUS STOCKS P    
NORTHERN TRUST R1000 - VARIOUS STOCKS P    
NORTHERN TRUST R1000 - CAPITAL GAIN DISTRIBUTION P    
NORTHERN TRUST EQUITIZATION - VARIOUS STOCKS P    
NORTHERN TRUST EQUITIZATION - SECTION 1256 GAINS P    
NORTHERN TRUST EQUITIZATION - SECTION 1256 GAINS P    
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 3,999,144   4,003,567 -4,423
b 10,999,447   10,578,511 420,936
c 6,473,180   6,191,508 281,672
d 49,329,230   41,469,607 7,859,623
e 0   1,437,522 -1,437,522
3,976,311   3,975,839 472
38,125,352   24,819,444 13,305,908
2,844   3,269 -425
18,789   0 18,789
4,247,389   4,246,139 1,250
409,427   0 409,427
614,140   0 614,140
    3,939,595 -3,939,595
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a     0 -4,423
b     0 420,936
c     0 281,672
d     0 7,859,623
e     0 -1,437,522
    0 472
    0 13,305,908
    0 -425
    0 18,789
    0 1,250
    0 409,427
    0 614,140
    0 -3,939,595
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 17,530,252
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 0
Part V
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) 1 402,504
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........................... 3 402,504
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- ..... 5 402,504
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 379,074
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.............. 7 379,074
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 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 23,430
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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 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:
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, AR
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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
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 arrowN/A
14
The books are in care ofright arrowTIM KEITH Telephone no.right arrow (479) 464-1570

Located atright arrowPO BOX 1860BENTONVILLEAR 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 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
JIM C WALTON DIRECTOR, PRESIDENT
1.000 		0 0 0
PO BOX 1860
BENTONVILLE,AR72712
LUKE MITCHELL TREASURER (FROM 12/21/23)
0.500 		0 0 0
PO BOX 1860
BENTONVILLE,AR72712
BUDDY D PHILPOT SECRETARY
31.000 		589,326 151,964 0
PO BOX 1860
BENTONVILLE,AR72712
ROBERT A SMITH TREASURER (UNTIL 12/21/23)
0.500 		0 0 0
PO BOX 1860
BENTONVILLE,AR72712
MARC HOLLEY EXECUTIVE DIRECTOR (FROM 12/21/23)
30.000 		0 0 0
PO BOX 1860
BENTONVILLE,AR72712
LYNNE M WALTON DIRECTOR, VICE PRESIDENT
1.000 		0 0 0
PO BOX 1860
BENTONVILLE,AR72712
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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
BALDWIN & SHELL CONSTRUCTION COMPANY CONSTRUCTION SERVICES 8,172,487
PO Box 1750
Little Rock,AR72203
HART CONSTRUCTION LLC CONSTRUCTION SERVICES 6,925,067
1560 WEST BEEBE CAPPS
SUITE C 102
SEARCY,AR72143
Murray Contractors LLC CONSTRUCTION SERVICES 4,978,405
2 REMINGTON COVE
LITTLE ROCK,AR72204
Watershed Advisors LLC CONSULTING 3,431,800
3436 Magazine St 158
New Orleans,LA70115
MCCOWNGORDON CONSTRUCTION LLC CONSTRUCTION SERVICES 2,730,035
850 Main Street
Kansas City,MO64105
Total number of others receiving over $50,000 for professional services.............right arrow20
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  
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 Equitable Facilities Fund - EFF Bridge Loan 48,515,016
2 HOGAN PREPARATORY ACADEMY, INC. - PROVIDE FINANCING FOR THE CONSTRUCTION OF NEW PERMANENT HIGH SCHOOL AND MIDDLE SCHOOL FACILITIES. 3,223,237
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow51,738,253
Form 990-PF (2023)
Form 990-PF (2023)
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
461,165,478
b
Average of monthly cash balances.......................
1b
20,633,870
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
481,799,348
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
481,799,348
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
7,226,990
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
474,572,358
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
23,728,618
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
23,728,618
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
402,504
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
402,504
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
23,326,114
4
Recoveries of amounts treated as qualifying distributions................
4
50,668,034
5
Add lines 3 and 4............................
5
73,994,148
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
73,994,148
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
43,137,118
b
Program-related investments—total from Part VIII-B..................
1b
51,738,253
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
24,411,145
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
119,286,516
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 73,994,148
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 20,190,310
f Total of lines 3a through e ........ 20,190,310
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 119,286,516
a Applied to 2022, 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 2023 distributable amount..... 73,994,148
e Remaining amount distributed out of corpus 45,292,368
5 Excess distributions carryover applied to 2023.   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 65,482,678
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		65,482,678
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 20,190,310
e Excess from 2023.... 45,292,368
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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 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).)
JIM C 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 (2023)
Form 990-PF (2023)
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

American Enterprise Institute for Public Policy Research

1789 Massachusetts Avenue NW
Washington,DC20036 		  PC TO SUPPORT GENERAL OPERATIONS. 150,000

Arkansas Childrens Foundation

1 Childrens Way
Little Rock,AR72202 		  PC To support Arkansas Children's Hospital- Injury Prevention for the vehicular heat stroke prevention campaign 5,000

Arkansas Public School Resource Center Inc

1401 W Capitol Suite 315
Little Rock,AR72201 		  PC To provide operational support to the Arkansas Public Resource Center 500,000

Arkansas Public School Resource Center Inc

1401 W Capitol Suite 315
Little Rock,AR72201 		  PC to provide literacy specialists and coaches to implement literacy supports for charter schools and serve as a self-sustaining unit for school interventions 849,000

Arkansas Public School Resource Center Inc

1401 W Capitol Suite 315
Little Rock,AR72201 		  PC to support the Grantee's development and launch of AR Schools One App 374,000

Association of Missouri Charter Schools

1306 Papin St
St Louis,MO631033131 		  PC to support the core operations and change management of the organization 569,600

Bellwether Education Partners Inc

517 Boston Post Road 171
Sudbury,MA01776 		  PC to provide an assessment of leadership, organizational structure, and strategic planning for APSRC and OPSRC 255,364

Bellwether Education Partners Inc

517 Boston Post Road 171
Sudbury,MA01776 		  PC to support capacity building with the leadership of the Diocese of Little Rock (DoLR) 135,473

Bentonville Bella Vista Trailblazer's Association Inc

PO Box 2821
Bentonville,AR72712 		  PC To support NWA Mountain Bike Trail Maintenance. 500,000

Bentonville Bella Vista Trailblazer's Association Inc

PO Box 2821
Bentonville,AR72712 		  PC To support Lake Francis Connector Trail Planning. 176,451

Bentonville Bella Vista Trailblazer's Association Inc

PO Box 2821
Bentonville,AR72712 		  PC to support construction costs of a concrete trail connecting WOKA Whitewater Park to Siloam Springs 2,467,976

Bentonville Bella Vista Trailblazer's Association Inc

PO Box 2821
Bentonville,AR72712 		  PC to support costs to reroute the Razorback Greenway Trail over NE A Street 1,875,000

Bentonville Bella Vista Trailblazer's Association Inc

PO Box 2821
Bentonville,AR72712 		  PC to support construction costs of soft surface trails located in Northwest Arkansas and Eastern Oklahoma near the WOKA whitewater park located on the Illinois River 400,000

Boys & Girls Club of Denison Inc

2100 South Mirick Avenue
Denison,TX75020 		  PC for program scholarships to help with disadvantaged youth in need 7,500

Cato Institute

1000 Massachusetts Avenue NW
Washington,DC200015403 		  PC TO SUPPORT GENERAL OPERATIONS. 10,000

Centers for Youth and Families Inc

P O Box 251970
Little Rock,AR72225 		  PC to support the residential children's treatment program providing psychiatric help and educational services 15,500

City of Sherman

Sherman Animal Shelter
Sherman,TX75090 		  GOV to find new homes for stray animals and expenses related to the program 7,500

City of Siloam Springs

400 N Broadway
Siloam Springs,AR72761 		  GOV Donation of 7.18 acres in Benton County to provide public access to natural spaces. 43,382

Cookson Hills Christian School Inc

60416 Highway 10
Kansas,OK743479533 		  PC TO SUPPORT GENERAL OPERATIONS. 40,000

Cristo Rey Oklahoma City Catholic High School Inc

4200 Leonhardt Drive
Oklahoma City,OK73115 		  PC to support the relocation of the Cristo Rey Oklahoma City Catholic High School 598,822

EXODUSLIFE

3700A W 65th Street
Little Rock,AR72209 		  PC to support educational and training programs to restore previously incarcerated men and women to their families and communities 12,000

Habitat for Humanity of Grayson County

901 N Grand Avenue
Sherman,TX75090 		  PC to build homes for families in need 7,500

Harding Independence Charter District Inc

1301 NE 101st St
Oklahoma City,OK73131 		  PC To support the expansion of a public charter school in Oklahoma City, Oklahoma. 397,500

Heartland Forward Inc

110 NW 2nd Street
Bentonville,AR72712 		  PC TO SUPPORT GENERAL OPERATIONS. 5,910,255

Heritage Foundation

214 Massachusetts Avenue NE
Washington,DC200024999 		  PC TO SUPPORT GENERAL OPERATIONS. 10,000

Home Hospice of Grayson County

505 W Center Street
Sherman,TX75090 		  PC to provide medical care for terminally ill, bereavement counseling, and social workers 7,500

Humane Society of Pulaski County

14600 Colonel Glenn Road
Little Rock,AR72210 		  PC to rescue, rehabilitate, provide veterinary care, spay/neuter, and find loving homes for Central Arkansas dogs and cats in need 5,000

Institute for Humane Studies

George Mason University
Arlington,VA22201 		  PC TO SUPPORT GENERAL OPERATIONS. 40,000

Mia Hamm Foundation

1340 Environ Way 343
Chapel Hill,NC27517 		  PC to support Grantee's mission to raise funds and awareness for families in need of a marrow or cord blood transplant and to the development of more opportunities for young women in sports 20,000

Northwest Arkansas Council Foundation

4100 Corporate Drive Suite 205
Springdale,AR72762 		  SO II to support the cost of three cost-benefit analysis assessments for upcoming highway projects in Northwest Arkansas. 200,000

Oklahoma Public School Resource Center Inc

309 NW 13th Street
Oklahoma City,OK73107 		  PC to assess the ecosystem of support for charter startups and expansion in the Oklahoma urban area, to recommend enhancements, and to develop a high-quality seats plan. 50,000

Oklahoma Public School Resource Center Inc

309 NW 13th Street
Oklahoma City,OK73107 		  PC to provide support for the next phase of the Grantee's work to foster new leaders to found and/or lead new high quality schools, to offer more robust and transparent education data in the state to parents and the public, and to offer training for public school districts to implement new educational models and improve board governance 1,908,658

Oklahoma Public School Resource Center Inc

309 NW 13th Street
Oklahoma City,OK73107 		  PC to provide operational support to continue to provide services and foster innovation in traditional public schools and public charter schools 2,505,410

Oklahoma Public School Resource Center Inc

309 NW 13th Street
Oklahoma City,OK73107 		  PC TO SUPPORT GENERAL OPERATIONS. 2,237,050

Oklahoma Public School Resource Center Inc

309 NW 13th Street
Oklahoma City,OK73107 		  PC City Fund Employment Search to support Grantee's employment search for a CEO/Executive Director for Fuel OKC 100,000

Oklahoma Public School Resource Center Inc

309 NW 13th Street
Oklahoma City,OK73107 		  PC to support the development phase of Fuel OKC 60,000

Santa Fe South Schools Inc

7000 E Crossroads Blvd ste 4000
Oklahoma City,OK73149 		  PC to support a leadership fellows development pipeline for new high-quality seats within the SFS charter network 360,000

School Smart KC Inc

3105 Gillham Rd Suite 200
Kansas City,MO64109 		  PC to increase the educational talent pipeline in the Kansas City metro area 2,348,566

Texas A&M University-Kingsville

700 University Blvd MSC 218
Kingsville,TX78363 		  GOV to support the general operations of the Grantee's Caesar Kleberg Wildlife Research Institute in 2023 5,000

Texoma Family Shelter Inc

331 W Morton
Denison,TX75020 		  PC to support homeless families by providing shelter and food 7,500

The Board of Trustees of the Leland Stanford Junior University

PO Box 20466 Development Service
Stanford,CA943090466 		  PC to support K-12 education reform through the Hoover Institution in 2023 10,000

The Nature Conservancy

601 North University Avenue
Little Rock,AR72205 		  PC Donation of 154.52 acres in Benton County to preserve the property for scientific, educational and aesthetic purposes. 933,618

The Peel Compton Foundation

312 N Main Street
Bentonville,AR72712 		  POF to support the removal of the low water crossing and restoration of Coler Creek 158,874

The Peel Compton Foundation

312 N Main Street
Bentonville,AR72712 		  POF to support concept design plans for expansion of the Compton House 14,500

The Peel Compton Foundation

312 N Main Street
Bentonville,AR72712 		  POF To support the 2023 General Operations of the Peel Compton Foundation. 3,303,030

The Peel Compton Foundation

312 N Main Street
Bentonville,AR72712 		  POF to support costs to develop a design and plan for upgraded access and parking for Coler park. 10,000

The Peel Compton Foundation

312 N Main Street
Bentonville,AR72712 		  POF to support the costs associated with the schematic design, topographical survey, and administrative costs associated 51,000

Tulsa Community Foundation

7030 S Yale Avenue Suite 600
Tulsa,OK74136 		  PC to support the 918 Fund, a program focusing on the creation of 15,000 quality school seats in the next 10 years 1,270,000

University of Arkansas Foundation Inc

535 W Research Center Blvd Suite
Fayetteville,AR72701 		  PC to support Grantee's Accelerate Student Achievement Program (ASAP) designed to support academic achievement, college completion, and post-graduation success among first-generation and Pell Grant-eligible students from the Arkansas Delta region 833,334

Walton Family Foundation Inc

PO Box 2030
Bentonville,AR72712 		  PF TO SUPPORT COSTS ASSOCIATED WITH THE NWA LAND BANK FUND ACQUISITIONS and 2023 operating funds 2,490,583

Walton Family Foundation Inc

PO Box 2030
Bentonville,AR72712 		  PF TO SUPPORT COSTS ASSOCIATED WITH THE NWA LAND BANK FUND ACQUISITIONS 752,902

Walton Family Foundation Inc

PO Box 2030
Bentonville,AR72712 		  PF TO SUPPORT COSTS ASSOCIATED WITH THE NWA LAND BANK FUND ACQUISITIONS 1,810,425

Walton Family Foundation Inc

PO Box 2030
Bentonville,AR72712 		  PF TO SUPPORT COSTS ASSOCIATED WITH THE NWA LAND BANK FUND ACQUISITIONS 795,089

Watershed Conservation Resource Center

380 West Rock Street
Fayetteville,AR72701 		  PC to develop a stream and riparian restoration plan for a section of Town Branch near the Slaughter Pen Hollow Multi-Use Trail System in Bentonville 25,000

Watershed Conservation Resource Center

380 West Rock Street
Fayetteville,AR72701 		  PC to construct stream flow improvements and riparian restoration in the vicinity of the NW A Street low-water crossing 181,073
Total .................................right arrow 3a 37,811,935
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 ....     14 12,689,248  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 17,530,252  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aNORTHERN TRUST INCOME/(LOSS) 		    14 -22,377  
bRECOVERY OF PRIOR YEAR GRANTS         620
cRental Income     16 596,352  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 30,793,475 620
13Total. Add line 12, columns (b), (d), and (e)..................
13
30,794,095
(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.)
11b AMOUNT REPRESENTS REFUNDS OF UNUSED GRANT FUNDS TREATED AS QUALIFYING DISTRIBUTIONS IN PRIOR YEARS.
Form 990-PF (2023)
Form 990-PF (2023)
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 (2023)
Additional Data


Software ID: 23017437
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
Town Branch Foundation
EIN:
82-3575662
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 109,101     109,101

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

TY 2023 DepreciationSchedule
Name:
Town Branch Foundation
EIN:
82-3575662
Software ID:
23017437
Software Version:
2023v5.1
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
Furniture, Fixtures, & Equipment           93,586      
Buildings           741,584      
Building Improvements           5,558      

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

TY 2023 ExpenditureResponsibilityStmt
Name:
Town Branch Foundation
EIN:
82-3575662
Software ID:
23017437
Software Version:
2023v5.1
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
The Peel Compton Foundation
  		312 N Main Street
Bentonville,AR72712 		2023-01-13 158,874 to support the removal of the low water crossing and restoration of Coler Creek. 158,874 none 02/14/2024 2024-02-14 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 VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
The Peel Compton Foundation
  		312 N Main Street
Bentonville,AR72712 		2023-01-27 3,303,030 To support the 2023 General Operations of the Peel Compton Foundation. 3,303,030 none 07/16/2024 2024-07-16 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 VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
The Peel Compton Foundation
  		312 N Main Street
Bentonville,AR72712 		2023-03-10 10,000 to support costs to develop a design and plan for upgraded access and parking for Coler park. 8,029 none 03/14/2024 2024-03-14 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 VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
The Peel Compton Foundation
  		312 N Main Street
Bentonville,AR72712 		2023-06-30 14,500 to support concept design plans for expansion of the Compton House. 14,500 none 03/14/2024 2024-03-14 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 VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
The Peel Compton Foundation
  		312 N Main Street
Bentonville,AR72712 		2023-08-25 51,000 to support the costs associated with the schematic design, topographical survey, and administrative costs associated. 41,650 none 06/28/2024 2024-06-28 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 VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
WALTON FAMILY FOUNDATION INC
  		PO Box 2030
Bentonville,AR72712 		2022-08-31 254,307 DONATION OF LAND ON HWY 59, SILOAM SPRINGS, AR. 0 NONE 11/09/23, 03/01/2024 2024-03-01 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 VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
WALTON FAMILY FOUNDATION INC
  		PO Box 2030
Bentonville,AR72712 		2022-12-16 2,180,851 TO SUPPORT COSTS ASSOCIATED WITH THE NWA LAND BANK FUND ACQUISITIONS. 2,180,851 NONE 02/15/2023, 03/01/2024 2024-03-01 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 VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
WALTON FAMILY FOUNDATION INC
  		PO Box 2030
Bentonville,AR72712 		2023-03-10 2,490,583 TO SUPPORT COSTS ASSOCIATED WITH THE NWA LAND BANK FUND ACQUISITIONS. 2,490,583 none 03/01/2024 2024-03-01 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 VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
WALTON FAMILY FOUNDATION INC
  		PO Box 2030
Bentonville,AR72712 		2023-06-16 752,902 TO SUPPORT COSTS ASSOCIATED WITH THE NWA LAND BANK FUND ACQUISITIONS. 752,902 none 03/01/2024 2024-03-01 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 VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
WALTON FAMILY FOUNDATION INC
  		PO Box 2030
Bentonville,AR72712 		2023-09-01 1,810,425 TO SUPPORT COSTS ASSOCIATED WITH THE NWA LAND BANK FUND ACQUISITIONS. 1,810,425 none 03/01/2024 2024-03-01 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 VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
WALTON FAMILY FOUNDATION INC
  		PO Box 2030
Bentonville,AR72712 		2023-11-22 795,089 TO SUPPORT COSTS ASSOCIATED WITH THE NWA LAND BANK FUND ACQUISITIONS. 558,127 none 03/01/2024 2024-03-01 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 VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.

TY 2023 InvestmentsOtherSchedule2
Name:
Town Branch Foundation
EIN:
82-3575662
Software ID:
23017437
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Northern Trust Cash AT COST 89,612,037 95,189,483
Northern EAFE Acct AT COST 126,100,881 161,640,062
Northern R1000 Acct AT COST 72,562,253 123,728,902
Northern Cash Equitization AT COST 5,995,869 6,024,045
Hawthorn FL AT COST 103,974,619 107,551,210

TY 2023 LandEtcSchedule2
Name:
Town Branch Foundation
EIN:
82-3575662
Software ID:
23017437
Software Version:
2023v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Land 6,972,614   6,972,614 6,972,614
Construction in Progress 7,744,904   7,744,904 7,744,904
Buildings 41,535,865 1,075,278 40,460,587 40,460,587
Building Improvements 216,761 13,895 202,866 202,866
Furniture, Fixtures, & Equipment 1,424,400 148,730 1,275,670 1,275,670


TY 2023 LegalFeesSchedule
Name:
Town Branch Foundation
EIN:
82-3575662
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 78,893     78,893


TY 2023 OtherDecreasesSchedule
Name:
Town Branch Foundation
EIN:
82-3575662
Software ID:
23017437
Software Version:
2023v5.1
Description Amount
Book/Tax Differences 1,691,293


TY 2023 OtherExpensesSchedule
Name:
Town Branch Foundation
EIN:
82-3575662
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Miscellaneous 5,564     5,564
Pass-through - Other Deductions 36,537 36,537    
Repairs and Maintenance 121,265     121,265


TY 2023 OtherIncomeSchedule2
Name:
Town Branch Foundation
EIN:
82-3575662
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Northern Trust -22,377 -22,377  
Rental Income 596,352    
RECOVERY OF PRIOR YEAR GRANTS 620    


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TY 2023 OtherNotesLoansRcvblLongSch
Name:
Town Branch Foundation
EIN:
82-3575662
Software ID:
23017437
Software Version:
2023v5.1

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
Hogan Preparatory Academy Inc PROGRAM-RELATED INVESTMENT 16,250,000 15,271,055 2021-07 2027-06 Principal Due and Payable at Maturity 0 % None TO CONSTRUCT NEW PERMANENT HIGH SCHOOL AND MIDDLE SCHOOL FACILITIES. Cash 15,271,055

TY 2023 OtherProfessionalFeesSchedule
Name:
Town Branch Foundation
EIN:
82-3575662
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Consulting Fees 3,850,314     3,850,314
Administrator & Management Fees 411,362     411,362
Investment Management Fees 401,406 401,406    


TY 2023 TaxesSchedule
Name:
Town Branch Foundation
EIN:
82-3575662
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Northern Trust - Foreign Taxes 802,032 802,032    
Excise Tax 586,721