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
The Rob 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
BENTONVIILLE, AR72712
A Employer identification number

47-4259772
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$505,660,196J 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... 11,004,110 11,001,492  
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
33,779,552
b Gross sales price for all assets on line 6a 181,860,388
7 Capital gain net income (from Part IV, line 2)... 33,722,685
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
-143,982 -108,042 0
12 Total. Add lines 1 through 11........ 44,639,680 44,616,135 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 427,855     427,855
15 Pension plans, employee benefits....... 89,839     89,839
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
33,569 0 0 33,569
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
84,425 0 0 84,425
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,889,519 960,620 0 928,899
17 Interest............... 905,463 901,884    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,404,911 879,885 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 9,256     9,256
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,536,690 1,535,591 0 1,017
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,381,527 4,277,980 0 1,574,860
25 Contributions, gifts, grants paid....... 79,040,780 78,108,177
26 Total expenses and disbursements. Add lines 24 and 25 85,422,307 4,277,980 0 79,683,037
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -40,782,627
b Net investment income (if negative, enter -0-) 40,338,155
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............. 181,001 242,863 242,863
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 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 arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
0 		0
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 470,641,934 Click to see attachment
List of Attached Documents:
// Content
429,797,445 		505,417,333
14 Land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
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) 470,822,935 430,040,308 505,660,196
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 470,822,935 430,040,308
29 Total net assets or fund balances (see instructions)..... 470,822,935 430,040,308
30 Total liabilities and net assets/fund balances (see instructions). 470,822,935 430,040,308
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
470,822,935
2
Enter amount from Part I, line 27a .....................
2
-40,782,627
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
430,040,308
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
430,040,308
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 - VARIOUS STOCKS P    
b NORTHERN TRUST EAM - VARIOUS STOCKS P    
c NORTHERN TRUST EAM - VARIOUS STOCKS P    
d NORTHERN TRUST GLOBEFLEX - VARIOUS STOCKS P    
e NORTHERN TRUST GLOBEFLEX - VARIOUS STOCKS P    
NORTHERN TRUST GLOBEFLEX - CAPITAL GAIN DISTRIBUTIONS P    
NORTHERN TRUST R1000 - VARIOUS STOCKS P    
NORTHERN TRUST R1000 - CAPITAL GAIN DISTRIBUTIONS P    
NORTHERN TRUST R1000 - VARIOUS STOCKS P    
NORTHERN TRUST EAFE - VARIOUS STOCKS P    
NORTHERN TRUST EAFE - VARIOUS STOCKS P    
NORTHERN TRUST EAFE - COMMON TRUST FUND DISTRIBUTIONS 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 11,170,896   11,655,652 -484,756
b 53,333,431   54,706,139 -1,372,708
c 2,306,114   1,646,383 659,731
d 8,842,542   9,727,836 -885,294
e 11,335,870   11,065,246 270,624
19,515     19,515
1,063,612   1,041,399 22,213
4,660     4,660
41,471,468   18,491,577 22,979,891
5,851,965   5,772,364 79,601
37,885,130   33,003,238 4,881,892
0   971,003 -971,003
8,575,186   56,867 8,518,319
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 -484,756
b     0 -1,372,708
c     0 659,731
d     0 -885,294
e     0 270,624
    0 19,515
    0 22,213
    0 4,660
    0 22,979,891
    0 79,601
    0 4,881,892
    0 -971,003
    0 8,518,319
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 33,722,685
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) 1 560,700
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........................... 3 560,700
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- ..... 5 560,700
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 900,822
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.............. 7 900,822
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 10 340,122
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow340,122 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
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://robwaltonfoundation.org/
14
The books are in care ofright arrowColleen Reilly Telephone no.right arrow (479) 464-1570

Located atright arrowPO BOX 2030BENTONVILLEAR 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, BE, 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
LUKE MITCHELL TREASURER (As of 12/15/23)
0.500 		0 0 0
PO BOX 1860
BENTONVILLE,AR72712
NACCAMAN G WILLIAMS SECRETARY
0.500 		0 0 0
PO BOX 1860
BENTONVILLE,AR72712
ROBERT A SMITH TREASURER (Until 12/15/23)
0.500 		0 0 0
PO BOX 1860
BENTONVILLE,AR72712
S ROBSON WALTON DIRECTOR; PRESIDENT
1.000 		0 0 0
PO BOX 1860
BENTONVILLE,AR72712
RUPAL POLTACK VICE PRESIDENT (Until 12/15/23)
0.500 		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
Sandy Nickerson SR. PROGRAM OFFICER
40.000 		209,331 26,873 0
PO BOX 1860
BENTONVILLE,AR72712
AMY BENINCOSA Program Officer
40.000 		140,211 34,865 0
PO BOX 1860
BENTONVILLE,AR72712
JAMEE M HUTHWAITE PROGRAM ASSOCIATE
40.000 		78,313 28,101 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
WALTON ENTERPRISES LLC MANAGEMENT SERVICES 1,171,508
P O BOX 1860
BENTONVILLE,AR72712
EARTH RESILIENCE GROUP CONSULTING 234,270
5016 45TH ST NW
WASHINGTON,DC20016
NORTHERN TRUST INVESTMENT MANAGEMENT FEES 178,805
50 SOUTH LA SALLE STREET
CHICAGO,IL60603
GENERAL ATLANTIC SERVICE CO LLC INVESTMENT MANAGEMENT FEES 163,266
600 STEAMBOAT ROAD
SUITE 105
GREENWICH,CO06830
GLOBEFLEX CAPITAL LP INVESTMENT MANAGEMENT FEES 152,887
4365 Executive Drive
Suite 720
San Diego,CA92121
Total number of others receiving over $50,000 for professional services.............right arrow1
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
505,866,828
b
Average of monthly cash balances.......................
1b
12,349,617
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
518,216,445
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
518,216,445
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
7,773,247
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
510,443,198
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
25,522,160
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
25,522,160
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
560,700
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
560,700
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
24,961,460
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
24,961,460
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
24,961,460
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
79,683,037
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
 
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
79,683,037
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 24,961,460
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...... 5,239,413
e From 2022...... 31,160,000
f Total of lines 3a through e ........ 36,399,413
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 79,683,037
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..... 24,961,460
e Remaining amount distributed out of corpus 54,721,577
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 91,120,990
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 ...... 		91,120,990
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 5,239,413
d Excess from 2022.... 31,160,000
e Excess from 2023.... 54,721,577
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).)
S ROBSON 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

African Parks Foundation of America

21 West 46th Street
New York,NY10036 		  PC to provide endowed and operational support to the African Parks Network for the development and management of national parks and key conservation areas in Africa. 9,800,000

African Parks Foundation of America

21 West 46th Street
New York,NY10036 		  PC To support participation in the Common Indicators for Protected Areas: Phase 2 Pilot. 5,000

African Parks Foundation of America

21 West 46th Street
New York,NY10036 		  PC To support important conservation areas in Africa. 16,500,000

African Parks Network

Africa House
Fairway Office Park
Johannesburg,GT2191
SF 		  PC to support building working capital reserves for conservation efforts. 9,618,000

American Friends of the Bugatti Trust Inc

4 Stonewood Place
Dedham,MA02026 		  PC TO SUPPORT GENERAL OPERATIONS. 5,000

American Heart Association Inc

1910 W University Drive Suite 205
Tempe,AZ85281 		  PC to support CPR in Schools Program in Arizona through the 2023 Phoenix Heart Ball 5,000

Arizona Aerospace Foundation Inc

6000 E Valencia Rd
Tucson,AZ85756 		  PC to provide matching funding for the construction of the Tucson Military Vehicle Museum. 700,000

Arizona Humane Society

1521 W Dobbins Road
Phoenix,AZ85041 		  PC to support construction of a new campus through the campaign to transform animal welfare. 1,000,000

Arizona Humane Society

1521 W Dobbins Road
Phoenix,AZ85041 		  PC to support spay/neuter initiatives for low-income families through the 2023 Compassion with Fashion Event 2,500

Arizona Science Center

600 E Washington Street
Phoenix,AZ85004 		  PC to provide matching funding for the Jane Goodall's Reasons for Hope Film and Education Initiative. 273,000

Arizona Science Center

600 E Washington Street
Phoenix,AZ85004 		  PC To support Sustainability education at the AZ Science Center, including collaborating with Arizona State University's Walton Sustainability Solutions Service on such. 25,000

Arizona State University Foundation for A New American University

P O Box 2260
Tempe,AZ852802260 		  PC To support research and design of a global conservation leadership initiative at Arizona State University. 285,342

Arizona State University Foundation for A New American University

P O Box 2260
Tempe,AZ852802260 		  PC to support the Women & Philanthropy Program 10,000

Arkansas Community Foundation Inc

5 Allied Drive Suite 51110
Little Rock,AR72202 		  PC Social Services Support. 10,000

Aspen Center for Environmental Studies

100 Puppy Smith Street
Aspen,CO816111451 		  PC to provide general operating support in 2023 through the "An Evening on the Lake" fundraiser. 10,000

Aspen Music Festival and School

225 Music School Rd
Aspen,CO81611 		  PC to support the Annual Fund in 2023 35,000

Aspen Valley Ski-Snowboard Club Inc

300 AVSC Drive
Aspen,CO81611 		  PC TO SUPPORT GENERAL OPERATIONS. 10,000

Barrow Neurological Foundation

2910 N Third Avenue Suite 450
Phoenix,AZ85013 		  PC to support the Outpatient Neuro-Rehabilitation Gym through the 2023 Barrow Grand Ball. 25,000

Barrow Neurological Foundation

2910 N Third Avenue Suite 450
Phoenix,AZ85013 		  PC to support general operations through the 2023 Neuro Night event 50,000

Boston Mountain Cyclists

PO Box 963
Bentonville,AR72712 		  PC TO SUPPORT GENERAL OPERATIONS. 20,000

Boys & Girls Clubs of the Valley Inc

4309 E Belleview St Bldg 14
Phoenix,AZ85008 		  PC To support 2023 Education Program implementation. 10,000

Bridge2Rwanda Inc

1818 N Taylor Street
Little Rock,AR72207 		  PC To supports efforts to accelerate the adoption of conservation agriculture practices in Rwanda. 175,000

Choate Rosemary Hall Foundation Inc

333 Christian Street
Wallingford,CT064923800 		  PC TO SUPPORT GENERAL OPERATIONS. 10,000

Clean Future Forum Inc

1101 Pennsylvania Ave NW
Washington,DC20004 		  PC to support Clean Future Forum's charitable climate action work 1,898,888

Climate Leadership Council Inc

1500 K Street NW Suite 850
Washington,DC20005 		  PC TO SUPPORT GENERAL OPERATIONS. 900,000

College of Wooster

1189 Beall Ave
Wooster,OH446912363 		  PC to support the Annual Fund in 2023 20,000

Columbia University

435 West 116th Street Box A-2
New York,NY10027 		  PC to support the Columbia Law School Annual Fund in 2023 25,000

Conservation International Foundation

2011 Crystal Drive Suite 600
Arlington,VA22202 		  PC to provide matching support toward a Spend Down Fund 2.0. 14,705,943

Conservation International Foundation

2011 Crystal Drive Suite 600
Arlington,VA22202 		  PC to support participation in the "Common Indicators for Protected Areas: Phase 2 Pilot." 5,000

Conservation International Foundation

2011 Crystal Drive Suite 600
Arlington,VA22202 		  PC To support efforts to catalyze ocean conservation in Mozambique. 197,339

Conservation International Foundation

2011 Crystal Drive Suite 600
Arlington,VA22202 		  PC To support the Assessment and Strategy for Africa Work 300,000

Dawn Redwoods Charitable Trust

One Blackfield Drive
Tiburon,CA94920 		  PC To support a comprehensive assistance fund. 10,000

Desert Botanical Garden

1201 N Galvin Parkway
Phoenix,AZ85008 		  PC To support general operations. 15,000

Diocesan Council for the Society of St Vincent de Paul Diocese Phoenix

420 W Watkins Road
Phoenix,AZ85003 		  PC to support the Urban Farm at St. Vincent de Paul through the 2023 Restoring Hope Community Breakfast. 250,000

Emory University

1762 Clifton Rd Suite 1400
Atlanta,GA30322 		  PC to support Phase 1: Advance a Global Culture of Compassion 750,000

Fay School Inc

48 Main Street
Southborough,MA017729106 		  PC TO SUPPORT GENERAL OPERATIONS. 10,000

Foundation to Combat Anti-Semitism Inc

1 Patriot Place
Foxboro,MA02035 		  POF Program support to raise awareness, engage individuals, and rebuild and celebrate Jewish identity. 1,000,000

Frankfurt Zoological Society - US Inc

3810 Argyle Terrace NW
Washington,DC20011 		  PC To support the Assessment and Strategy for Africa Work. 504,396

Frankfurt Zoological Society - US Inc

3810 Argyle Terrace NW
Washington,DC20011 		  PC to support participation in the "Common Indicators for Protected Areas: Phase 2 Pilot". 5,000

Frankfurt Zoological Society - US Inc

3810 Argyle Terrace NW
Washington,DC20011 		  PC to support the launch of a new strategy for Protected Areas in Africa. 2,000,000

Georgetown University

PO Box 571253
Washington,DC20057 		  PC TO SUPPORT GENERAL OPERATIONS. 10,000

Girl Scouts - Arizona Cactus-Pine Council Inc

119 East Coronado Road
Phoenix,AZ85004 		  PC to support STEM programming budget 50,000

Governor Dummer Academy dba The Governor's Academy

1 Elm Street
Byfield,MA01922 		  PC TO SUPPORT GENERAL OPERATIONS. 10,000

Habitat for Humanity of Benton County Inc

1212 N Walton Blvd
Bentonville,AR72712 		  PC TO SUPPORT GENERAL OPERATIONS. 10,000

Hawaii Community Foundation

827 Fort Street Mall
Honolulu,HI96813 		  PC to support the Kuki'o Community Fund. 10,000

International Conservation Caucus Foundation

1200 Potomac Street NW
Washington,DC20007 		  PC to support educational activities focused on the importance of international conservation that benefits nature and people. 325,000

Internationaler Naturerbe Fonds - Legacy Landscapes Fund

Friedrich-Ebert-Anlage 36
Frankfurt am Main,HES60325
GM 		  PC To fund Odzala-Kokoua National Park in the Congo and Iona National Park in Angola as pilot legacy landscape sites to strengthen the long-term funding of these globally significant protected areas. 200,000

Internationaler Naturerbe Fonds - Legacy Landscapes Fund

Friedrich-Ebert-Anlage 36
Frankfurt am Main,HES60325
GM 		  PC Match funding to support conservation efforts in the Namibia Skeleton Coast - Etosha Conservation Bridge Legacy Landscape. 10,000,000

Liberty Wildlife Inc

2600 E Elwood St
Phoenix,AZ85040 		  PC to support the Non-Eagle Feather Repository program through the 2023 Wishes for Wildlife Event 50,000

McPherson College

1600 East Euclid
McPherson,KS67460 		  PC To support the Rob Walton Scholarship Fund. 1,000,000

McPherson College

1600 East Euclid
McPherson,KS67460 		  PC To support the Automotive Restoration Program in 2023, including shop initiatives and general support. 25,000

Meeker Mustang Makeover

PO Box 1094
Meeker,CO81641 		  PC To provide Scholarships for Colorado youth to attend college or vocational school through the 2023 Meeker Mustang Makeover 500

National Park Foundation

1500 K Street NW Suite 700
Washington,DC20005 		  PC To support general operations and the development of a project brief for improvements to the Painted Canyon, North Unit Complex, and Medora Entry Area of Theodore Roosevelt National Park. 50,000

Nia Tero Foundation

501 E Pine Street Suite 300
Seattle,WA98122 		  PC to support the expansion of Wayfinders Circle. 249,600

NourishPHX

PO Box 2225
Phoenix,AZ850022225 		  PC to support general operations through the 2023 Beyond the Pantry event. 10,000

Phoenix Theatre Inc

1825 N Central Avenue
Phoenix,AZ85004 		  PC To support construction and theater improvements through the Centennial Capital Campaign. 1,000,000

Phoenix Theatre Inc

1825 N Central Avenue
Phoenix,AZ85004 		  PC to support Partners That Heal, a W.O.N.D.E.R. Project through the 2023 Applause! Gala 15,000

Roaring Fork Mountain Bike Association - RFMBA

PO Box 2635
Aspen,CO81612 		  PC to fund Executive Director position and the Seasonal Trail Work and Trail Agent Programs. 20,000

Salvation Army of NWA

219 W 15th Street
Fayetteville,AR72701 		  PC TO SUPPORT GENERAL OPERATIONS in Benton and Washington counties in Arkansas. 50,000

Sandra Day O'Connor Institute

PO Box 66422
Phoenix,AZ85082 		  PC to support general operations through the 2023 Dinner with Frederick Douglass event. 5,000

The Be Kind People Project Foundation

10869 N Scottsdale Road 103-254
Scottsdale,AZ85254 		  PC to support general operations through the 2023 Annual Gala. 50,000

The Earthshot Prize

Kensington Palace Palace Green
London,Greater LondonW84PU
UK 		  PC to provide support for The Earthshot Prize, a global environment prize designed to incentivize change and help repair the planet over the next ten years (the "Prize") 1,230,669

The Nature Conservancy - Arizona

1819 E Morten Ave 100
Phoenix,AZ85020 		  PC To support general operations. 50,000

The Nature Conservancy - Arkansas

601 N University Avenue
Little Rock,AR72205 		  PC To support general operations. 50,000

The University of Cincinnati Foundation

PO Box 19970
Cincinnati,OH45219 		  PC To support the Portman Center Fellowship Program Endowment 500,000

Theodore Roosevelt Association

PO Box 719
Oyster Bay,NY11771 		  PC to support charitable programs perpetuating the legacy and ideals of President Theodore Roosevelt 15,000

Tides Center

PO Box 29907
San Francisco,CA94129 		  PC Mosaic Project to strengthen the environmental movement. 750,000

United States Olympic and Paralympic Foundation

1 Olympic Plaza
Colorado Springs,CO80909 		  PC Multi-Year Cycling Support 375,000

United Way of Northwest Arkansas Inc

100 Parkwood Street Suite C
Lowell,AR72745 		  PC TO SUPPORT GENERAL OPERATIONS. 75,000

USA Cycling Inc

210 USA Cycling Point Suite 100
Colorado Springs,CO80919 		  PC to support a three-year strategy to grow the sport of bike racing. 140,000

USA Cycling Inc

210 USA Cycling Point Suite 100
Colorado Springs,CO80919 		  PC TO SUPPORT GENERAL OPERATIONS. 50,000

USA Triathlon Foundation

5825 Delmonico Drive Suite 200
Colorado Springs,CO80919 		  PC to support the Larry Krutka Scholarship Fund. 7,000

Valley of the Sun United Way

3200 East Camelback Road Suite 375
Phoenix,AZ850182328 		  PC to support the Pantry Pack program through the 2023 We Are United for Mighty Change Breakfast. 10,000

Valley of the Sun Young Men's Christian Association

350 N 1st Ave
Phoenix,AZ85003 		  PC to support the Jr. Suns Basketball League. 25,000

Walton Family Foundation Inc

PO Box 2030
Bentonville,AR72712 		  PF to support Home Region, Environment, and/or K-12 Education programs. 932,603

Western Stock Show Association

4655 Humboldt St
Denver,CO80216 		  PC to support the Honoring the Legacy Campaign of the National Western Stock Show. 500,000

Wildlife Conservation Society

2300 Southern Boulevard
Bronx,NY10460 		  PC To support participation in the Common Indicators for Protected Areas: Phase 2 Pilot. 5,000

World Wildlife Fund Inc

1250 24th Street NW
Washington,DC20037 		  PC To support participation in the Common Indicators for Protected Areas: Phase 2 Pilot. 5,000

WALTON FAMILY FOUNDATION INC

PO Box 2030
BENTONVILLE,AR72712 		  PF GRANT TO NON-OPERATING FOUNDATION FOR GENERAL OPERATING SUPPORT NOT TREATED AS A QUALIFYING DISTRIBUTION UNDER IRC SECTION 4942 (G) (3) BY THE GRANTEE. -932,603
Total .................................right arrow 3a 78,108,177
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 2,618 14 11,001,492  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		523000 56,867 18 33,722,685  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPASS THROUGH OTHER INCOME/(LOSS) 		523000 -35,940 14 -53,971  
bNORTHERN TRUST INCOME/(LOSS)     14 -54,071  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 23,545 44,616,135 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
44,639,680
(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

TY 2023 AccountingFeesSchedule
Name:
The Rob Walton Foundation
EIN:
47-4259772
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 84,425     84,425

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

TY 2023 ExpenditureResponsibilityStmt
Name:
The Rob Walton Foundation
EIN:
47-4259772
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
Foundation to Combat Anti-Semitism Inc
  		1 Patriot Place
Foxboro,MA02035 		2023-05-05 1,000,000 Program support to raise awareness, engage individuals, and rebuild and celebrate Jewish identity. 1,000,000 NONE 04/12/2024 2024-04-12 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 		2023-02-24 932,603 TO SUPPORT HOME REGION, ENVIRONMENT, AND/OR K-12 EDUCATION PROGRAMS. 932,603 NONE 09/01/23 2023-09-01 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.

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TY 2023 GainLossSaleOtherAssetsSch
Name:
The Rob Walton Foundation
EIN:
47-4259772
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
NORTHERN TRUST CASH - VARIOUS STOCKS         11,170,896 11,655,652     -484,756  
NORTHERN TRUST EAM - VARIOUS STOCKS         53,333,431 54,706,139     -1,372,708  
NORTHERN TRUST EAM - VARIOUS STOCKS         2,306,114 1,646,383     659,731  
NORTHERN TRUST GLOBEFLEX - VARIOUS STOCKS         8,842,542 9,727,836     -885,294  
NORTHERN TRUST GLOBEFLEX - VARIOUS STOCKS         11,335,870 11,065,246     270,624  
NORTHERN TRUST GLOBEFLEX - CAPITAL GAIN DISTRIBUTIONS         19,515 0     19,515  
NORTHERN TRUST R1000 - VARIOUS STOCKS         1,063,612 1,041,399     22,213  
NORTHERN TRUST R1000 - CAPITAL GAIN DISTRIBUTIONS         4,660 0     4,660  
NORTHERN TRUST R1000 - VARIOUS STOCKS         41,471,468 18,491,577     22,979,891  
NORTHERN TRUST EAFE - VARIOUS STOCKS         5,851,965 5,772,364     79,601  
NORTHERN TRUST EAFE - VARIOUS STOCKS         37,885,130 33,003,238     4,881,892  
NORTHERN TRUST EAFE - COMMON TRUST FUND DISTRIBUTIONS         0 971,003     -971,003  
PASS-THROUGH GAIN/LOSS         8,575,186       8,575,186  

TY 2023 InvestmentsOtherSchedule2
Name:
The Rob Walton Foundation
EIN:
47-4259772
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 302,974,807 344,479,626
NT - R1000 Account AT COST 832,597 2,204,332
NT - EAFE Account AT COST 74,864,503 98,779,368
NT - EAM AT COST 20,297,096 23,470,420
NT - GLOBEFLEX AT COST 30,828,442 36,483,587

TY 2023 LegalFeesSchedule
Name:
The Rob Walton Foundation
EIN:
47-4259772
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 33,569     33,569


TY 2023 OtherExpensesSchedule
Name:
The Rob Walton Foundation
EIN:
47-4259772
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 1,535,591 1,535,591    
MISCELLANEOUS 1,017     1,017
PASS-THROUGH - NONDEDUCTIBLE EXPENSES 82      


TY 2023 OtherIncomeSchedule2
Name:
The Rob Walton Foundation
EIN:
47-4259772
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Pass-through - Other income/(loss) -89,911 -53,971  
Northern Trust -54,071 -54,071  


TY 2023 OtherProfessionalFeesSchedule
Name:
The Rob Walton Foundation
EIN:
47-4259772
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrator & Management Fees 660,325     660,325
NT Investment Fees 960,620 960,620    
Consulting Fees 234,270     234,270
Professional Services 34,304     34,304


TY 2023 TaxesSchedule
Name:
The Rob Walton Foundation
EIN:
47-4259772
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Northern Trust - Foreign Taxes 553,100 553,074    
Excise Tax 525,000      
Pass-through - Foreign Taxes 326,811 326,811