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
Alice L Walton 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, AR72712
A Employer identification number

82-3700633
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$4,399,184,837J 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) 160,640,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 162,551,705 162,545,123  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
74,100,448
b Gross sales price for all assets on line 6a 1,047,209,302
7 Capital gain net income (from Part IV, line 2)... 74,074,293
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
765,499 1,394,775 0
12 Total. Add lines 1 through 11........ 398,057,652 238,014,191 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 615,010     615,010
14 Other employee salaries and wages...... 83,003     83,003
15 Pension plans, employee benefits....... 25,901     25,901
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
134,398 0 0 134,398
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
144,076 0 0 144,076
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
9,885,583 5,312,647 0 4,572,936
17 Interest............... 1,495,841 1,455,508    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
13,833,077 8,215,659 0 17,352
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
98 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 2,145     2,145
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,168,941 7,142,181 0 17,819
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 33,388,073 22,125,995 0 5,612,640
25 Contributions, gifts, grants paid....... 94,958,378 94,958,378
26 Total expenses and disbursements. Add lines 24 and 25 128,346,451 22,125,995 0 100,571,018
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 269,711,201
b Net investment income (if negative, enter -0-) 215,888,196
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............. 207,898,641 1,649,849 1,649,849
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   1,500 0 0
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 arrow644,000
Less: allowance for doubtful accounts right arrow0 644,000 Click to see attachment
List of Attached Documents:
// Content
644,000 		644,000
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).......... 3,528,639,902 Click to see attachment
List of Attached Documents:
// Content
3,896,192,600 		4,249,381,334
14 Land, buildings, and equipment: basis right arrow147,509,752
Less: accumulated depreciation (attach schedule) right arrow98 39,110,089 Click to see attachment
List of Attached Documents:
// Content
147,509,654 		147,509,654
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) 3,776,294,132 4,045,996,103 4,399,184,837
Liabilities 17 Accounts payable and accrued expenses.......... 9,230 0
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)......... 9,230 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 3,776,284,902 4,045,996,103
29 Total net assets or fund balances (see instructions)..... 3,776,284,902 4,045,996,103
30 Total liabilities and net assets/fund balances (see instructions). 3,776,294,132 4,045,996,103
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
3,776,284,902
2
Enter amount from Part I, line 27a .....................
2
269,711,201
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,045,996,103
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
4,045,996,103
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 NT CASH - VARIOUS STOCKS P    
b NT CASH - CAPITAL GAIN DISTRIBUTION P    
c NT CASH - VARIOUS STOCKS P    
d NT WALTER SCOTT - VARIOUS STOCKS P    
e NT EAFE - CAPITAL GAIN DISTRIBUTION P    
NT EAFE - VARIOUS STOCKS P    
NT EAFE - VARIOUS STOCKS P    
NT R1000 - CAPITAL GAIN DISTRIBUTION P    
NT R1000 - VARIOUS STOCKS P    
NT R1000 - VARIOUS STOCKS P    
NT EQUITIZATION - VARIOUS STOCKS P    
NT EQUITIZATION - SECTION 1256 GAINS P    
NT IT BONDS - VARIOUS STOCKS P    
PASS-THROUGH - CAPITAL GAINS 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 17,666,340   18,654,749 -988,409
b 986,835   0 986,835
c 187,344,293   184,161,988 3,182,305
d 4,012,562   3,809,481 203,081
e 0   2,786,033 -2,786,033
48,224   49,968 -1,744
41,731   44,076 -2,345
135,171   0 135,171
26,552,884   25,689,268 863,616
42,162,302   31,555,711 10,606,591
17,969,939   17,966,482 3,457
11,703,295   0 11,703,295
652,087,629   688,391,098 -36,303,469
86,498,097   26,155 86,471,942
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 -988,409
b     0 986,835
c     0 3,182,305
d     0 203,081
e     0 -2,786,033
    0 -1,744
    0 -2,345
    0 135,171
    0 863,616
    0 10,606,591
    0 3,457
    0 11,703,295
    0 -36,303,469
    0 86,471,942
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 74,074,293
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 3,000,846
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 3,000,846
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 3,000,846
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 6,595,612
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 6,595,612
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 3,594,766
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow3,594,766 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 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, 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 arrowhttps://alicelwaltonfoundation.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 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? .................
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
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
ALICE L WALTON DIRECTOR, PRESIDENT
2.000 		0 0 0
PO BOX 1860
BENTONVILLE,AR72712
RICHARD A HOSLEY SECRETARY
0.500 		0 0 0
PO BOX 1860
BENTONVILLE,AR72712
PHILIP SIGSWORTH TREASURER (UNTIL 12/14/2023)
0.500 		0 0 0
PO BOX 1860
BENTONVILLE,AR72712
NATE FALKNER EXECUTIVE DIRECTOR (UNTIL 07/31/2023)
40.000 		140,996 3,568 0
PO BOX 1860
BENTONVILLE,AR72712
HEIDI KATO INTERIM EXECUTIVE DIRECTOR (FROM 07/31/2023 - 10/02/2023)
40.000 		214,033 17,477 0
PO BOX 1860
BENTONVILLE,AR72712
REUBEN MCDANIEL MANAGING DIRECTOR (As of 10/02/2023)
40.000 		259,981 6,436 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
ROGER NORMAN Program Officer
40.000 		83,003 5,624 0
PO BOX 1860
BENTONVILLE,AR72712
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 and Shell Construction Construction Services 16,365,908
6514 A Lynchs Prairie Cove
Springdale,AR72762
walton enterprises llc MANAGEMENT SERVICES 5,084,634
PO BOX 1860
BENTONVILLE,AR72712
Art and Wellness Enterprises LLC Management Services 2,617,056
PO Box 1860
Bentonville,AR72712
THE CHARTIS GROUP LLC CONSULTING SERVICES 1,047,687
220 W KINZIE 3RD FLOOR
CHICAGO,IL60654
Marlon Blackwell Architect PA ARCHITECTURAL SERVICES 954,772
217 E DICKSON ST
SUITE 104
FAYETTEVILLE,AR72701
Total number of others receiving over $50,000 for professional services.............right arrow14
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  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
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
3,806,263,363
b
Average of monthly cash balances.......................
1b
96,026,335
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
3,902,289,698
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
3,902,289,698
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
58,534,345
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,843,755,353
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
192,187,768
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
192,187,768
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,000,846
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,000,846
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
189,186,922
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
189,186,922
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
189,186,922
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
100,571,018
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
108,399,663
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
208,970,681
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 7 189,186,922
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 163,211,915
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...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 208,970,681
a Applied to 2022, but not more than line 2a 163,211,915
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..... 45,758,766
e Remaining amount distributed out of corpus 0
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 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 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 .......... 		143,428,156
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 ...... 		0
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 0
e Excess from 2023.... 0
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).)
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 (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

Alice L Walton School of Medicine

900 McClain Rd
Bentonville,AR72712 		  PC To support general operations. 22,880,666

American Academy in Rome

7 E 60th Street
New York,NY10022 		  PC To support general operations. 10,000

Arisa Health Inc

2400 South 48th Street
Springdale,AR727626683 		  PC to sustain integrated care and whole health treatments for behavioral healthcare patients 267,455

Arizona State University Foundation

PO Box 2260
Tempe,AZ852802260 		  PC to support the hire and programming led by the Curator of Culture & Community Relations as part of the Leadership in Arts program. 216,842

Arkansas Black Hall of Fame Foundation

21 Bascom Drive
Little Rock,AR72223 		  PC To support general operations. 5,000

Arkansas Children's Foundation

1 Childrens Way Slot 661
Little Rock,AR72202 		  PC to provide support for general operations of the Arkansas Children's Hospital campus in Northwest Arkansas through Steffan Sarkin's 2023 Swim fundraising effort. 40,000

Arkansas Committee of the National Museum of Women in the Arts

6402 Trinity Drive
Pine Bluff,AR71603 		  PC To support programs that empower women artists in Arkansas and programs that feature works of women artists. 10,000

Arkansas Community Foundation Inc

5 Allied Drive Suite 51110
Little Rock,AR72202 		  PC Support for Planned Parenthood in Little Rock, NWA, and Greater Texas. 125,000

Arkansas Museum of Fine Arts Foundation

PO Box 2137
Little Rock,AR722032137 		  PC to support the student, educator, and community engagement programs. 367,457

Barnabas Foundation Inc

PO Box 3200
Springfield,MO65808 		  PC to support the development of an adaptive arts center to support art programs for campers of all abilities. 250,000

Bentonville Public Schools

500 Tiger Blvd
Bentonville,AR727124208 		  GOV to support the purchase of commercial blenders and mobile pop-up kitchen equipment to support the preparation and distribution of healthier school meals. 53,754

Bill Hillary and Chelsea Clinton Foundation

1633 Broadway 5th Floor
New York,NY10019 		  PC To support the Clinton Foundation Endowment. 1,000,000

Boys and Girls Clubs of America

1275 Peachtree Street NE
Atlanta,GA303093506 		  PC To support general operations. 25,000

Camp War Eagle Inc

PO Box 506
Rogers,AR72756 		  POF To support general operations. 18,285,350

Canopy NWA

1142 N Futrall Dr
Fayetteville,AR72703 		  PC To support general operations. 50,000

Care Community Center

PO Box 1030
Rogers,AR72757 		  PC to support 6 month pilot to help expand reach of VITA tax filing services. 39,064

Center for Curatorial Leadership

174 East 80th Street
New York,NY10075 		  PC To support general operations. 50,000

Children's Museum of Manhattan

212 West 38th Street
New York,NY10024 		  PC to create an endowment to support the organization's new museum on Central Park West at 96th street. 500,000

Circle of Life

901 Jones Rd
Springdale,AR727620875 		  PC to provide hospice programming for patients who cannot afford care and to support the building campaign. 3,000,000

City of Fort Worth - Animal Adoption Center

Code Compliance Department
Fort Worth,TX76104 		  GOV To support general operations. 20,000

Civic Symphony of Benton County Guild Inc dba Arkansas Philharmonic Orc

P O Box 1723
Bentonville,AR72712 		  PC To support general operations. 50,000

Clark Atlanta University Inc

223 James P Brawley Dr SW
Atlanta,GA30314 		  PC to provide scholarship support to eligible Clark Atlanta University students enrolled in the Art History major at the Atlanta University Center. 23,500

Clark Atlanta University Inc

223 James P Brawley Dr SW
Atlanta,GA30314 		  PC to support salary and benefits costs to host a 2-year pilot to hire 1 faculty member to lead the school's engagement in AUC Art Collective program. 93,953

Cowboy Artists of America Joe Beeler Foundation

PO Box 186
Clifton,TX76634 		  PC to provide support for annual artist exhibition and sale in Ft. Worth. 5,000

Dress for Success Northwest Arkansas

100 North Dixieland Road
Rogers,AR727561123 		  PC To support general operations. 10,000

Farmington Public Schools

42 South Double Springs Road
Farmington,AR72730 		  GOV to support the preparation of healthier student meals at Farmington Middle School. 50,000

Fort Worth Zoological Association Inc

1989 Colonial Parkway
Fort Worth,TX76110 		  PC ZOO 2020: A PERFECT VISION ENDOWMENT 500,000

Girl Scouts - Diamonds of Arkansas Oklahoma and Texas

11311 Arcade Drive
Fayetteville,AR72212 		  PC To support general operations. 20,000

Hispanic Federation Inc

55 Exchange Place 5th FL
New York,NY10005 		  PC to support artistic workshops in Northwest Arkansas and collaboration between Crystal Bridges American Art Museum and Miranda Family Fellows. 53,000

Hope Women's Shelter Inc

PO Box 1650
Mineral Wells,TX76068 		  PC To support general operations. 20,000

Jorge M Prez Art Museum of Miami-Dade County Inc

1103 Biscayne Boulevard
Miami,FL331321758 		  PC to support the hiring and development of a collections and exhibitions planning director as a portion of the leadership in arts museum program. 122,000

Kalamazoo Institute of Arts

314 South Park Street
Kalamazoo,MI490075102 		  PC to support the hiring and development of a Community Engagement Officer and a Senior Operations Manager as a portion of the leadership in arts museum program. 193,000

Lincoln Center for the Performing Arts Inc

70 Lincoln Center Plaza
New York,NY10023 		  PC to support prek-12 education programs. 25,000

Lincoln Consolidated School District

107 E School St
Lincoln,AR727448841 		  GOV to support the purchase of salad bar cafeteria equipment and menu management software to support the preparation of healthier foods at the district's school cafeterias. 24,734

Massachusetts Museum of Contemporary Art Foundation Inc

1040 Mass Moca Way
North Adams,MA01247 		  PC To support the general operating endowment for ongoing collaborations with Crystal Bridges and others in 2020 and beyond. 150,000

Mercy Health Foundation Northwest Arkansas

2710 S Rife Medical Lane
Rogers,AR72758 		  PC to support the Rogers Hospital. 20,000

Metropolitan Museum of Art

1000 5th Ave
New York,NY10028 		  PC to support American art efforts. 25,000

Miami Dade College Foundation Inc

300 Northeast 2nd Avenue
Miami,FL331322204 		  PC to support the creation of a museum studies certificate and one year of program operating costs. 411,473

Morehouse College

830 Westview Drive SW
Atlanta,GA303143773 		  PC to support salary and benefits costs to host a 2-year pilot to hire 1 faculty member to lead the school's engagement in AUC Art Collective program. 78,000

Morehouse College

830 Westview Drive SW
Atlanta,GA303143773 		  PC to provide scholarship support to eligible Morehouse students enrolled in the Art History major at the Atlanta University Center. 40,000

Museum of Contemporary Art Los Angeles

250 South Grand Avenue
Los Angeles,CA900123007 		  PC to support the hire, development, and program activities of a Director of Community Outreach as part of the Leadership in Art Museums program. 209,000

Museum of Modern Art

11 West 53 Street
New York,NY10019 		  PC To support general operations. 38,000

National Museum of Women in the Arts Inc

1250 New York Avenue NW
Washington,DC20009 		  PC To support general operations. 75,000

New Haven Home Inc

115 SW 3rd Street
Mineral Wells,TX76067 		  PC To support general operations. 140,000

New York and Presbyterian Hospital

525 E 8th St
New York,NY10065 		  PC To support general operations. 50,000

New York Shakespeare Festival

425 Lafayette Street
New York,NY100037021 		  PC to provide sponsorship for the Gala on the Green. 50,000

Newark Museum Association

49 Washington Street
Newark,NJ071023109 		  PC to support the hiring and development of community engagement roles as a portion of the leadership in arts museum program. 387,500

Northwest Arkansas Children's Shelter

860 NW Vaughn Road
Bentonville,AR72713 		  PC To support general operations. 100,000

Northwest Arkansas Community College Foundation Inc

One College Drive
Bentonville,AR72712 		  PC To support general operations. 50,000

Northwest Arkansas Council Foundation

4100 Corporate Center Drive Suite
Springdale,AR72762 		  PC to support operational and staffing costs for Northwest Arkansas Council Healthcare Transformation Division, including the hiring of an organizational Director and the planning and launch of projects for participating institutions 250,000

Northwest Arkansas Food Bank Inc

1378 June Self Drive
Bethel Heights,AR72764 		  PC to support the construction of the NWA Center for Hunger Relief and increase access to fresh and nutritious foods. 250,000

Peabody Essex Museum Inc

161 Essex Street
Salem,MA019703726 		  PC to support the hire and programming led by the Manager of Internships and Fellowships as part of the Leadership in Arts program 110,300

Peace at Home Family Shelter

PO Box 10946
Fayetteville,AR72703 		  PC To support general operations. 50,000

Presbyterian Children's Homes and Services

5920 W William Cannon Drive
Austin,TX78749 		  PC support for Texas Facilities 25,000

Presbyterian Night Shelter of Tarrant County

PO Box 2645
Fort Worth,TX76113 		  PC To support the shelter's food pantry program. 10,000

Robin Hood Foundation

826 Broadway 9th Floor
New York,NY10003 		  PC To support general operations. 1,000,000

Silk Road Project Inc

Post Office Box 35460
Allston,MA02135 		  PC to support the organization's music commissions and art education programs, including multiple engagements in Northwest Arkansas. 528,667

Smarthistory Inc

10 Woodbrook Rd
Pleasantville,NY10570 		  PC to support an expansion of the Seeing American program and to support the mentorship of emerging art historians from diverse backgrounds. 300,400

Smithsonian Institution

600 Maryland Ave SW
Washington,DC20002 		  PC to support the continuation of the Smithsonian Institute's archive digitization efforts and the purchase and distribution of "remote oral history kits" to record oral histories from artists of underrepresented groups. 400,639

Smithsonian Institution

600 Maryland Ave SW
Washington,DC20002 		  PC To support general operations. 25,000

SOAR After School Program

922 E Emma Ave
Springdale,AR72764 		  PC to support the organization's 2023-2024 afterschool programs in Northwest Arkansas. 200,000

South Arts Inc

1800 Peachtree St NW Suite 808
Atlanta,GA30309 		  PC to provide matched funding to support the US Southeast's regional engagement in the America's Cultural Treasures program. 521,985

Spelman College

350 Spelman Ln SW
Atlanta,GA303144399 		  PC to establish the Atlanta University Center (AUC) Collective for the Study of Art History & Curatorial Studies. 1,198,200

Spelman College

350 Spelman Ln SW
Atlanta,GA303144399 		  PC To support the Atlanta University Center (AUC) Collective for the Study of Art History & Curatorial Studies. 2,200,000

Symphony Orchestra of Northwest Arkansas

PO Box 1243
Fayetteville,AR72702 		  PC To support general operations. 25,000

Tarleton State University

Shelby Huxen Dept of Animal Scien 1
333 W Washington
Stephenville,TX76402 		  GOV To support the Tarleton Equine Assisted Therapy (TREAT) Program. 17,275

The Aspen Institute Inc

2300 N St NW 700
Washington,DC200371122 		  PC To support the society of fellows. 25,000

The Aspen Institute Inc

2300 N St NW 700
Washington,DC200371122 		  PC to support Phase 1 of the Aspen Opportunity Youth Forum's work to help youth find meaning and purpose. 833,333

The Board of Trustees of the Leland Stanford Junior University

450 Jane Stanford Way
Stanford,CA94305 		  PC To support scholarships for AWSOM students, RAISE-Health, Stanford Health Policy Research Partnerships, and Stanford Medicine and the Muse. 30,000,000

The Morehouse School of Medicine Inc

720 Westview Drive Southwest
Atlanta,GA303101458 		  PC The President's Innovation Fund and Scholarship Endowment Support 2,250,000

The National Cowgirl Museum and Hall of Fame Inc

1720 Gendy Street
Fort Worth,TX76107 		  PC To provide general operating support and support of Hall of Fame luncheon. 25,000

The Peel Compton Foundation

312 North Main Street
Bentonville,AR727125337 		  POF To support the Peel Compton environmental preservation and public programs. 25,000

The University of Arkansas Foundation Inc

535 W Research Center Blvd
Fayetteville,AR72701 		  PC to support the rollout of a nutrition and wellness program for student athletes. 37,500

The University of Arkansas Foundation Inc

535 W Research Center Blvd
Fayetteville,AR72701 		  PC to establish the Black Music Institute at the University of Arkansas and support program operations for the certificate and Masters program in Black Sacred Music. 424,180

The University of Arkansas Foundation Inc dba UAMS Foundation

4301 W Markham Street
Little Rock,AR72205 		  PC to support deploying the UAMS Comprehensive School Nutrition Enrichment Program (CSNEP) to Northwest Arkansas public school districts. 287,811

The University of Arkansas Foundation Inc dba UAMS Foundation

4301 W Markham Street
Little Rock,AR72205 		  PC to support the Northwest (NWA) Arkansas Double Your Dollar (DYD) program. 75,000

The University of Texas at Austin

110 Inner Campus Drive
Austin,TX78705 		  GOV to support the Darren Walker Scholarship Program endowment. 250,000

United Way of Northwest Arkansas Inc

100 Parkwood St
Lowell,AR72745 		  PC To support general operations. 150,000

University of the Ozarks

415 North College Avenue
Clarksville,AR72830 		  PC To support general operations. 75,000

Van Cliburn Foundation Inc

201 Main Street Suite 100
Fort Worth,TX76102 		  PC To support general operations. 50,000

Vincent Price Art Museum Foundation

1301 Avenida Cesar Chavez
Monterey Park,CA91754 		  PC to provide support for a new Museum Studies Certificate Program at East LA Community College/ Vincent Price Art Museum. 71,912

Walton Family Foundation Inc

PO Box 1860
Bentonville,AR72712 		  PF to support costs associated with the NWA Land Bank project acquisitions under which Grantee acquires property for planned donation to charities or governmental units for public purposes. 3,016,428

Whitney Museum of American Art

99 Gansevoort St
New York,NY10014 		  PC To support general operations. 40,000
Total .................................right arrow 3a 94,958,378
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 .... 523000 6,582 14 162,545,123  
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 26,155 18 74,074,293  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aNorthern Trust 		    14 -23,926  
bPass-through - Other Income/(Loss) 523000 -629,276 14 1,418,701  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -596,539 238,014,191 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
237,417,652
(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.)
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
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
Alice L Walton Foundation
 
Employer identification number

82-3700633
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
Alice L Walton Foundation
  		Employer identification number
82-3700633
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ALICE L WALTON 2021 WYOMING TRUST
 
PO BOX 7372
 
JACKSON, WY83002

$ 160,640,000


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
Alice L Walton Foundation
  		Employer identification number

82-3700633
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
Alice L Walton Foundation
  		Employer identification number

82-3700633
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID: 23017437
Software Version: 2023v5.1

TY 2023 AccountingFeesSchedule
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 144,076     144,076

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TY 2023 DepreciationSchedule
Name:
Alice L Walton Foundation
EIN:
82-3700633
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           98      

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TY 2023 ExpenditureResponsibilityStmt
Name:
Alice L Walton Foundation
EIN:
82-3700633
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
Camp War Eagle Inc
  		PO Box 506
Rogers,AR72756 		2023-05-19 18,285,350 To support general operations. 10,723,036 NONE 11/07/24 2024-11-07 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 North Main Street
Bentonville,AR727125337 		2023-08-15 25,000 To support the Peel Compton environmental preservation and public programs. 10,397 none 04/16/24 2024-04-16 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 North Main Street
Bentonville,AR72712 		2022-05-13 25,000 2022 OUTDOOR EDUCATION AND PRESERVATION PROGRAMS 25,000 NONE 05/19/23, 11/08/24 2024-11-08 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 1860
BENTONVILLE,AR72712 		2023-12-05 3,016,428 to support costs associated with the NWA Land Bank project acquisitions under which Grantee acquires property for planned donation to charities or governmental units for public purposes. 2,915,228 none 03/06/24 2024-03-06 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.

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TY 2023 GainLossSaleOtherAssetsSch
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
23017437
Software Version:
2023v5.1
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
NT CASH - VARIOUS STOCKS   P     17,666,340 18,654,749     -988,409  
NT CASH - CAPITAL GAIN DISTRIBUTION   P     986,835 0     986,835  
NT CASH - VARIOUS STOCKS   P     187,344,293 184,161,988     3,182,305  
NT WALTER SCOTT - VARIOUS STOCKS   P     4,012,562 3,809,481     203,081  
NT EAFE - CAPITAL GAIN DISTRIBUTION   P     0 2,786,033     -2,786,033  
NT EAFE - VARIOUS STOCKS   P     48,224 49,968     -1,744  
NT EAFE - VARIOUS STOCKS   P     41,731 44,076     -2,345  
NT R1000 - CAPITAL GAIN DISTRIBUTION   P     135,171 0     135,171  
NT R1000 - VARIOUS STOCKS   P     26,552,884 25,689,268     863,616  
NT R1000 - VARIOUS STOCKS   P     42,162,302 31,555,711     10,606,591  
NT EQUITIZATION - VARIOUS STOCKS   P     17,969,939 17,966,482     3,457  
NT EQUITIZATION - SECTION 1256 GAINS   P     11,703,295       11,703,295  
NT IT BONDS - VARIOUS STOCKS   P     652,087,629 688,391,098     -36,303,469  
PASS-THROUGH - CAPITAL GAINS   P     86,498,097       86,498,097  

TY 2023 InvestmentsOtherSchedule2
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
23017437
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
NT - Investment Account AT COST 2,361,762,553 2,001,948,215
NT - R1000 Account AT COST 400,250,101 1,066,734,083
NT - EAFE Account AT COST 281,851,353 314,777,839
NT - Cash Equitization Account AT COST 22,096,431 22,174,843
NT - Walter Scott International AT COST 70,696,687 77,038,298
NT - IT Bonds AT COST 759,535,475 766,708,056

TY 2023 LandEtcSchedule2
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
23017437
Software Version:
2023v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Land 8,040,000   8,040,000 8,040,000
Construction in Progress 139,465,916   139,465,916 139,465,916
Furniture and Fixtures 3,836 98 3,738 3,738


TY 2023 LegalFeesSchedule
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 134,398     134,398


TY 2023 OtherExpensesSchedule
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Pass-through - Other Deductions 7,142,503 7,142,181    
Technology 14,989     14,989
Pass-through - Nondeductible Expenses 8,619      
Miscellaneous 2,830     2,830


TY 2023 OtherIncomeSchedule2
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Pass-through - Other income/(loss) 789,425 1,418,701  
Northern Trust -23,926 -23,926  


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TY 2023 OtherNotesLoansRcvblLongSch
Name:
Alice L Walton Foundation
EIN:
82-3700633
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
Partners for Better Housing None 644,000 644,000 2020-05 2023-05 Principal and Unpaid Interest due at Maturity 200 % None Provide capital for affordable housing project in Fayetteville, AR Cash 644,000

TY 2023 OtherProfessionalFeesSchedule
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 5,312,647 5,312,647    
Administrator & Management Fees 4,572,936     4,572,936


TY 2023 TaxesSchedule
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Excise Tax 5,600,000      
Pass-through - Foreign Taxes 5,598,053 5,597,987    
Northern Trust - Foreign Taxes 2,617,672 2,617,672    
Property Taxes 17,352     17,352