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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
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$5,271,022,806J 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) 179,698,600
2 Check right arrow.............
3 Interest on savings and temporary cash investments 0 0  
4 Dividends and interest from securities... 184,480,382 184,434,685  
5a Gross rents............ 0 0  
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
352,523,278
b Gross sales price for all assets on line 6a 1,271,589,487
7 Capital gain net income (from Part IV, line 2)... 352,518,229
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
5,247,214 5,628,900 0
12 Total. Add lines 1 through 11........ 721,949,474 542,581,814 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 660,000     660,000
14 Other employee salaries and wages...... 451,168     451,168
15 Pension plans, employee benefits....... 76,314     76,314
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
101,396 0 0 101,396
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
44,201 0 0 44,201
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
8,529,844 5,341,477 0 3,188,367
17 Interest............... 947,879 873,747    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
12,374,663 7,423,996 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
134,093 0 0
20 Occupancy.............. 3,378     3,378
21 Travel, conferences, and meetings....... 3,407     3,407
22 Printing and publications.......... 598     598
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,878,822 8,629,379 0 247,564
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 32,205,763 22,268,599 0 4,776,393
25 Contributions, gifts, grants paid....... 47,146,944 47,146,944
26 Total expenses and disbursements. Add lines 24 and 25 79,352,707 22,268,599 0 51,923,337
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 642,596,767
b Net investment income (if negative, enter -0-) 520,313,215
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 1,649,849 5,915,046 5,915,046
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow0
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 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).......... 3,896,192,600 Click to see attachment
List of Attached Documents:
// Content
4,423,679,986 		5,006,109,922
14 Land, buildings, and equipment: basis right arrow258,488,028
Less: accumulated depreciation (attach schedule) right arrow134,190 147,509,654 Click to see attachment
List of Attached Documents:
// Content
258,353,838 		258,353,838
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) 4,045,996,103 4,688,592,870 5,271,022,806
Liabilities 17 Accounts payable and accrued expenses.......... 0 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)......... 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 4,045,996,103 4,688,592,870
29 Total net assets or fund balances (see instructions)..... 4,045,996,103 4,688,592,870
30 Total liabilities and net assets/fund balances (see instructions). 4,045,996,103 4,688,592,870
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
4,045,996,103
2
Enter amount from Part I, line 27a .....................
2
642,596,767
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,688,592,870
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
4,688,592,870
Form 990-PF (2024)
Form 990-PF (2024)
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 WALTER SCOTT - VARIOUS STOCKS P    
c NT EAFE - VARIOUS STOCKS P    
d NT EAFE - VARIOUS STOCKS P    
e NT EAFE - CAPITAL GAIN DISTRIBUTION 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    
NT IT BONDS - VARIOUS STOCKS P    
NT S&P 500 - CAPITAL GAIN DISTRIBUTION P    
NT S&P 500 - VARIOUS STOCKS P    
NT S&P 500 - 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 60,922,803   65,335,211 -4,412,408
b 7,662,059   8,312,270 -650,211
c 6,875,980   6,537,260 338,720
d 43,230,601   37,808,827 5,421,774
e 0   50,432 -50,432
103,490   0 103,490
23,291,653   23,099,710 191,943
314,712,496   122,169,881 192,542,615
5,506,299   5,505,871 428
28,197,976   0 28,197,976
606,575,768   607,240,013 -664,245
6,185,299   6,187,565 -2,266
5,188   0 5,188
6,464,029   6,397,539 66,490
35,721,501   30,421,628 5,299,873
126,134,343   5,049 126,129,294
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a     0 -4,412,408
b     0 -650,211
c     0 338,720
d     0 5,421,774
e     0 -50,432
    0 103,490
    0 191,943
    0 192,542,615
    0 428
    0 28,197,976
    0 -664,245
    0 -2,266
    0 5,188
    0 66,490
    0 5,299,873
    0 126,129,294
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 2 352,518,229
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  
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 7,232,354
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-) Click to see attachment
List of Attached Documents:
// Content
2 0
3 Add lines 1 and 2........................... 3 7,232,354
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 7,232,354
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 8,544,766
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 8,544,766
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 1,312,412
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow1,312,412 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
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 2024 or the taxable year beginning in 2024? 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 (479) 418-5726

Located atright arrow850 Museum WayBentonvilleAR 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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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 WALTON DIRECTOR, PRESIDENT
2.00 		0 0  
PO BOX 1860
BENTONVILLE,AR72712
REUBEN MCDANIEL MANAGING DIRECTOR
24.00 		660,000 16,120  
PO BOX 1860
BENTONVILLE,AR72712
AUGUST MARTIN TREASURER (FROM 3/5/24), SECRETARY (FROM 7/10/24)
0.50 		0 0  
PO BOX 1860
BENTONVILLE,AR72712
RICHARD HOSLEY SECRETARY (UNTIL 6/13/24)
0.50 		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
CASEY MAENNER ASSOC. PROG. OFFICER
40.00 		75,384 15,471  
PO BOX 1860
BENTONVILLE,AR72712
BEN BRANTMEIER PROGRAM OFFICER
40.00 		103,154 7,783  
PO BOX 1860
BENTONVILLE,AR72712
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
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
Polk Stanley Wilcox Architects LTD ARCHITECTURAL SERVICES 5,412,970
801 S Spring Street
Little Rock,AR72201
Walton Enterprises LLC MANAGEMENT SERVICES 3,893,253
PO BOX 1860
BENTONVILLE,AR72712
Art and Wellness Enterprises LLC Management Services 3,286,929
PO Box 1860
Bentonville,AR72712
Northern Trust INVESTMENT SERVICES 1,154,383
PO BOX 803878
CHICAGO,IL60680
EDSA Inc CONSULTING SERVICES 962,369
2811 McKinney Avenue
Suite 315
Dallas,TX75204
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 (2024)
Form 990-PF (2024)
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
4,360,127,632
b
Average of monthly cash balances.......................
1b
297,977,730
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
4,658,105,362
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
4,658,105,362
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
69,871,580
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,588,233,782
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
229,411,689
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
229,411,689
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
7,232,354
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
7,232,354
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
222,179,335
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
222,179,335
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
222,179,335
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
51,923,337
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
103,883,276
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
155,806,613
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 222,179,335
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 143,428,156
b Total for prior years:2022, 2021, 2020 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 155,806,613
a Applied to 2023, but not more than line 2a 143,428,156
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 2024 distributable amount..... 12,378,457
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024.   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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		209,800,878
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
e Excess from 2024.... 0
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

American Academy in Rome

7 E 60th Street
New York,NY10022 		  PC to provide general operating support 10,000

American Federation of Arts Inc

305 East 47th Street 10th Floor
New York,NY10017 		  PC to support the American Federation of Arts Annual Gala 50,000

Aperture Foundation Inc

548 West 28th Street
New York,NY10001 		  PC to provide support for the first three titles in the Vision & Justice Book Series to help cover editorial, production, publicity, overhead, and programming costs 100,000

Arkansas Arts Academy

1110 West Poplar Street
Rogers,AR72756 		  PC to fund repairs to the school's facilities not covered by insurance proceeds 27,000

Arkansas Black Hall of Fame Foundation

21 Bascom Drive PO Box 1042
Little Rock,AR72223 		  PC to provide general operating support 5,000

Arkansas Childrens Foundation

1 Childrens Way Slot 661
Little Rock,AR72202 		  PC to provide general operating support 40,000

Arkansas Childrens Foundation

1 Childrens Way Slot 661
Little Rock,AR72202 		  PC To support arts in wellness programming at Arkansas Children's Northwest 144,400

Arkansas Coalition of Marshallese Inc

614 East Emma Avenue
Springdale,AR72764 		  PC To assist with tornado response and recovery for current and future storms in Benton County, AR 20,000

Arkansas Committee of the National Museum of Women in the Arts

6402 Trinity Drive
Pine Bluff,AR71603 		  SO III FI to provide general operating support 10,000

Arkansas Community Foundation Inc

5 Allied Drive Suite 51110 Building
5 11th Floor
Little Rock,AR72202 		  PC to provide general operating support 125,000

Arkansas Museum of Fine Arts Foundation

PO Box 2137 501 East 9th Street
Little Rock,AR722032137 		  PC to provide support for community engagement and education programs 367,457

Arkansas Single Parent Scholarship Fund Program

2102 Riverfront Drive Suite 102
Little Rock,AR72202 		  PC to provide scholarship support 75,000

Bentonville Bella Vista Trailblazers Association Inc

PO Box 2812
Bentonville,AR72712 		  PC To assist with tornado response and recovery for current and future storms in Benton County, AR 20,000

Bentonville Church of the Nazarene

220 Northwest A Street
Bentonville,AR72712 		  PC To assist with tornado response and recovery for current and future storms in Benton County, AR 7,000

Bill Hillary and Chelsea Clinton Foundation

1633 Broadway 5th Floor
New York,NY10019 		  PC to provide funding to help Grantee establish and approximately $250 million Clinton Foundation Endowment 1,000,000

Boys & Girls Club of Benton County

2801 Walker Street
Bentonville,AR72712 		  PC to provide general operating support 200,000

Boys and Girls Clubs of America

1275 Peachtree Street NE
Atlanta,GA303093506 		  PC to provide general operating support 100,000

Camp War Eagle Inc

PO Box 506 14323 Camp War Eagle Roa
d
Rogers,AR72756 		  POF To support general operations 12,037,070

Canopy NWA

1142 N Futrall Dr
Fayetteville,AR72703 		  PC to provide general operating support 75,000

Catalyst Church NWA Inc

2812 East Central Avenue
Bentonville,AR72712 		  PC to support the building of a new sanctuary for Catalyst Church NWA 7,200,000

Center for Curatorial Leadership

174 East 80th Street
New York,NY10075 		  PC to provide general operating support 50,000

Centers for Youth and Families Inc

PO Box 251970
Little Rock,AR72225 		  PC to support the Elizabeth Mitchell Adolescent Center (EMAC) Enhancement Project that includes new furnishings and replacement items in the dorms, common areas and therapy rooms as well as murals, art supplies and other specified items 100,000

City of Bentonville

305 SW A St
Bentonville,AR72712 		  GOV To Prepare and coordinate a comprehensive water, sewer, and wastewater capital improvement plan (CIP) to address extremely rapid growth with multiple, substantial and noteworthy developments. 3,000,000

City of Fort Worth - Animal Adoption Center

Code Compliance Department 818 Miss
ouri Avenue
Fort Worth,TX76104 		  GOV to provide general operating support 20,000

City of Little Flock

1500 Little Flock Drive
Little Flock,AR72756 		  GOV to provide 2024 Benton County Tornado Relief 20,000

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 156,047

Clark Atlanta University Inc

223 James P Brawley Dr SW
Atlanta,GA30314 		  PC To provide scholarship support 60,606

Community Development Corp of Bentonville Bella Vista

808 N Main
Bentonville,AR72712 		  PC to provide Disaster Relief and Recovery 20,000

Cowboy Artists of America Joe Beeler Foundation

PO Box 186
Clifton,TX76634 		  PC To support 2024 Annual Artist Exhibition and Sale 5,000

Dress for Success Northwest Arkansas

100 North Dixieland Road
Rogers,AR727561123 		  PC to provide general operating support 10,000

Excellerate Foundation

800 Founders Park Drive
Springdale,AR72762 		  PC to support tornado relief efforts 335,000

Fayetteville Youth Center Inc

560 North Rupple Road
Fayetteville,AR72704 		  PC to provide general operating support 50,000

Fort Worth Zoological Association Inc

1989 Colonial Parkway
Fort Worth,TX76110 		  PC to establish a $7 million endowed maintenance fund to provides partial maintenance support for new exhibit areas to be constructed as part of Grantee's Zoo 2020 capital campaign 500,000

Girl Scouts - Diamonds of Arkansas Oklahoma and Texas

11311 Arcade Drive
Fayetteville,AR72212 		  PC to provide general operating support 50,000

Havenwood Inc

808 North Main Street
Bentonville,AR72712 		  PC to provide general operating support 50,000

Havenwood Inc

808 North Main Street
Bentonville,AR72712 		  PC To assist with tornado response and recovery for current and future storms in Benton County, AR 3,500

Helen Walton Children's Enrichment Center

309 NE J St
Bentonville,AR72712 		  PC To assist with tornado response and recovery for current and future storms in Benton County, AR 10,000

Hope Womens Shelter Inc

PO Box 1650
Mineral Wells,TX76068 		  PC to provide general operating support 20,000

Jazz at Lincoln Center Inc

3 Columbus Circle 12th Floor
New York,NY10019 		  PC To expand the Jazz at Lincoln Center Arts-Integration program in Northwest Arkansas in Partnership with Crystal Bridges 250,000

Jones Trust

922 East Emma Avenue
Springdale,AR72764 		  EOF To assist with tornado response and recovery for current and future storms in Benton County, AR 115,000

Jorge M Perez 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 art museums program 50,184

Lincoln Center for the Performing Arts Inc

70 Lincoln Center Plaza
New York,NY10023 		  PC to provide support for Grantee's Lincoln Center Education PreK-12 programs in 2024 25,000

Marty Hennessy Inspiring Children Foundation

1101 Colorado Street
Boulder City,NV89005 		  PC to provide general operating support 25,000

Massachusetts Museum of Contemporary Art Foundation Inc

1040 Mass Moca Way
North Adams,MA01247 		  PC To support Programming Partnership for The Plant 150,000

Mercy Health Foundation Northwest Arkansas

2710 S Rife Medical Lane
Rogers,AR72758 		  PC to provide general operating support 20,000

Metropolitan Museum of Art

1000 5th Ave
New York,NY10028 		  PC to support American art efforts in 2024 25,000

Mitchelville Preservation Project Inc

PO Box 27158
Hilton Head,SC29925 		  PC To support Historic Mitchelville Freedom Park Interpretive Center 100,000

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 172,000

Morehouse College

830 Westview Drive SW
Atlanta,GA303143773 		  PC To provide Scholarship Support 58,753

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 35,515

Museum of Modern Art

11 West 53 Street
New York,NY10019 		  PC to provide general operating support 38,000

National Museum of Women in the Arts Inc

1250 New York Avenue NW
Washington,DC20009 		  PC to provide general operating support 75,000

New Haven Home Inc

115 SW 3rd Street
Mineral Wells,TX76067 		  PC to provide general operating support 140,000

New York and Presbyterian Hospital

525 E 8th St
New York,NY10065 		  PC to provide general operating support 50,000

Newark Museum Association

49 Washington Street
Newark,NJ071023109 		  PC to support the hire, development and program activities of a Director of Community Outreach as part of the Leadership in Art Museums program 262,500

Northwest Arkansas Children's Shelter

860 NW Vaughn Road
Bentonville,AR72713 		  PC to provide general operating support 100,000

Northwest Arkansas Community College Foundation Inc

One College Drive
Bentonville,AR72712 		  PC to provide general operating support 50,000

Northwest Arkansas Food Bank Inc

1604 Honeysuckle Street PO Box 2126
Lowell,AR72745 		  PC to support the purchase of dry and frozen food as well as fresh produce 100,000

Northwest Arkansas Food Bank Inc

1604 Honeysuckle Street PO Box 2126
Lowell,AR72745 		  PC to assist with tornado response and recovery for current and future storms in Benton County, AR 35,000

Northwest Arkansas Women's Shelter

PO Box 1059
Rogers,AR72757 		  PC to provide general operating support 50,000

OASIS OF NORTHWEST ARKANSAS

38 Basildon Circle
Bella Vista,AR72715 		  PC to provide general operating support 10,000

Ovations Plus

637 South Ray Avenue
Fayetteville,AR72701 		  PC to provide general operating support 75,000

Peace at Home Family Shelter

PO Box 10946
Fayetteville,AR72703 		  PC to provide general operating support 100,000

Presbyterian Children's Homes and Services

5920 W William Cannon Drive Buildin
g 3 Suite 100
Austin,TX78749 		  PC to provide general operating support 25,000

Presbyterian Night Shelter of Tarrant County

PO Box 2645
Fort Worth,TX76113 		  PC to provide general operating support 10,000

Robin Hood Foundation

826 Broadway 9th Floor
New York,NY10003 		  PC to provide general operating support 1,000,000

Rogers Public Schools

500 West Walnut Street
Rogers,AR72756 		  GOV to continue and expand on the activities of the Rogers Public Schools in helping the community to recover from the federally declared disaster 25,000

Saving Grace

1229 West Poplar Street
Rogers,AR72756 		  PC to assist in the completion of 'Grant House' which will increase the capacity at Saving Grace by 18 young women 50,000

Saving Grace

1229 West Poplar Street
Rogers,AR72756 		  PC to provide general operating support 50,000

Sheep Dog Impact Assistance

1200 W Walnut Street Suite 2310
Rogers,AR72756 		  PC To assist with tornado response and recovery for current and future storms in Benton County, AR 20,000

Single Parent Scholarship Fund of Northwest Arkansas Inc

2601 Southwest D Street
Bentonville,AR72712 		  PC to provide scholarship support 25,000

Smarthistory Inc

10 Woodbrook Rd
Pleasantville,NY10570 		  PC to support addition artworks for the Seeing America Program 255,400

SOAR After School Program

922 E Emma Ave
Springdale,AR72764 		  PC to provide general operating support 200,000

Spelman College

350 Spelman Ln SW
Atlanta,GA303144399 		  PC to support a pilot AUC field study trip to Northwest Arkansas 15,000

Spelman College

350 Spelman Ln SW
Atlanta,GA303144399 		  PC to support the Atlanta University Center 1,438,242

Symphony Orchestra of Northwest Arkansas

PO Box 1243
Fayetteville,AR72702 		  PC to provide general operating support 25,000

Tarleton State University

Shelby Huxen Dept of Animal Science
and Veterinary Technology
Stephenville,TX76402 		  GOV to provide general operating support 25,000

Thaden School

800 SE C St
Bentonville,AR72712 		  PC to support the Thaden and Totality event 50,000

The Aspen Institute

2300 N St NW 700
Washington,DC200371122 		  PC to provide general operating support 25,000

The Aspen Institute

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 Historymakers

1900 South Michigan Avenue
Chicago,IL60616 		  PC To support 100 video oral histories of African American leaders in the arts and medicine 250,000

The Morehouse School of Medicine Inc

720 Westview Drive Southwest
Atlanta,GA303101458 		  PC to create 2 endowments - the 'President's Innovation Fund the 'Presidential Endowment Scholarship Fund' 2,250,000

The National Cowgirl Museum and Hall of Fame Inc

1720 Gendy Street
Fort Worth,TX76107 		  PC to provide General operating support 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 SILK ROAD PROJECT INC

Post Office Box 35460
Allston,MA02135 		  PC to support the organization's music commissions and art education programs 528,667

The University of Arkansas Foundation Inc

4301 W Markham Street 716
Little Rock,AR72205 		  PC to support deploying the UAMS Comprehensive School Nutrition Enrichment Program to NWA public school districts 225,334

Triple Aught Foundation

414 Broadway Street PO Box 269
Alamo,NV89001 		  PC to support current operational needs 500,000

University of Arkansas

1 University of Arkansas 406 Admini
stration Building
Fayetteville,AR72701 		  GOV to support the "American Porch" project 375,000

University of Arkansas Foundation Inc

535 W Research Center Blvd Suite 12
0
Fayetteville,AR72701 		  PC to support Black Music Institute 198,090

University of the Ozarks

415 North College Avenue
Clarksville,AR72830 		  PC to provide general operating support 75,000

Utah Film Center

50 West Broadway
Salt Lake City,UT84101 		  PC to provide support for the Leap of Faith film, including screenings in Bentonville, AR 150,000

Van Cliburn Foundation Inc

201 Main Street Suite 100
Fort Worth,TX76102 		  PC to provide general operating support 50,000

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. 5,197,846

Whitney Museum of American Art

99 Gansevoort St
New York,NY10014 		  PC to provide General Operating Support 40,000

Yale University

PO Box 2038
New Haven,CT06251 		  PC to support the Edward P Bass School of Architecture 5,000,000
Total .................................right arrow 3a 47,146,944
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 45,697 14 184,434,685  
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 5,049 18 352,518,229  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aNorthern Trust 		    14 -147,711  
bPass-through - Other Income/(Loss) 523000 -381,686 14 5,767,036  
cRental Income     16 9,575  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -330,940 542,581,814 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
542,250,874
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
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Form 990-PF (2024)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
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
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
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
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
Alice L Walton Foundation
  		Employer identification number
82-3700633
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ALICE L WALTON
 
PO BOX 1860
 
BENTONVILLE, AR72712

$ 7,095,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
ALICE L WALTON 2021 WYOMING TRUST
 
PO BOX 7372
 
JACKSON, WY83002

$ 172,603,600


(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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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
1
 13.19 ACRES OF LAND AND IMPROVEMENTS IN BENTONVILLE, AR $ 7,095,000 2024-05-09
(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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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.) $  
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) (Rev. 1-2025)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1

TY 2024 AccountingFeesSchedule
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 44,201     44,201

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TY 2024 DepreciationSchedule
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
24020961
Software Version:
2024v5.1
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
Parking Garage 2023-01-01 3,836 98 S/L   998      
Furniture & Fixture 2024-05-21 130,241 0 S/L   12,404      
IT Hardware 2024-04-02 406,240 0 S/L   101,560      
IT Software 2024-05-01 143,480 0 S/L   19,131      

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TY 2024 ExpenditureResponsibilityStmt
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
24020961
Software Version:
2024v5.1
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 18,285,350 NONE 11/07/24, 11/12/25 2025-11-12 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.
Camp War Eagle Inc
  		PO Box 506
Rogers,AR72756 		2024-09-02 12,037,070 To provide general operating support 4,470,405 NONE 11/12/25 2025-11-12 THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOBT THE ACCURACY OR RELIABILITY OF THE REPORT, THEREFORE, NO FUTHER 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. 25,000 NONE 04/16/24, 04/04/25 2025-04-04 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 FOUNDAITON IS DEEMED NECESSARY.
The Peel Compton Foundation
  		312 North Main Street
Bentonville,AR72712 		2024-08-16 25,000 To support the Peel Compton environmental preservation and public programs 0 NONE 04/04/25 2025-04-04 THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOBT THE ACCURACY OR RELIABILITY OF THE REPORT, THEREFORE, NO FUTHER VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
Walton Family Foundation Inc
  		PO Box 1860
Bentonville,AR72712 		2023-12-05 5,299,046 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. 2,739,737 NONE 03/03/24, 05/20/25 2025-05-20 THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOBT THE ACCURACY OR RELIABILITY OF THE REPORT, THEREFORE, NO FUTHER VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.

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TY 2024 GainLossSaleOtherAssetsSch
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
24020961
Software Version:
2024v5.1
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     60,922,803 65,335,211     -4,412,408  
NT WALTER SCOTT - VARIOUS STOCKS   P     7,662,059 8,312,270     -650,211  
NT EAFE - VARIOUS STOCKS   P     6,875,980 6,537,260     338,720  
NT EAFE - VARIOUS STOCKS   P     43,230,601 37,808,827     5,421,774  
NT EAFE - CAPITAL GAIN DISTRIBUTION   P     0 50,432     -50,432  
NT R1000 - CAPITAL GAIN DISTRIBUTION   P     103,490 0     103,490  
NT R1000 - VARIOUS STOCKS   P     23,291,653 23,099,710     191,943  
NT R1000 - VARIOUS STOCKS   P     314,712,496 122,169,881     192,542,615  
NT EQUITIZATION - VARIOUS STOCKS   P     5,506,299 5,505,871     428  
NT EQUITIZATION - SECTION 1256 GAINS   P     28,197,976 0     28,197,976  
NT IT BONDS - VARIOUS STOCKS   P     606,575,768 607,240,013     -664,245  
NT IT BONDS - VARIOUS STOCKS   P     6,185,299 6,187,565     -2,266  
NT S&P 500 - CAPITAL GAIN DISTRIBUTION   P     5,188 0     5,188  
NT S&P 500 - VARIOUS STOCKS   P     6,464,029 6,397,539     66,490  
NT S&P 500 - VARIOUS STOCKS   P     35,721,501 30,421,628     5,299,873  
PASS-THROUGH - CAPITAL GAINS   P     126,134,343       126,134,343  

TY 2024 InvestmentsOtherSchedule2
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
24020961
Software Version:
2024v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
NT - Investment Account AT COST 3,029,005,579 2,910,220,265
NT - R1000 Account AT COST 142,889,660 478,934,213
NT - EAFE Account AT COST 245,332,049 279,998,177
NT - Cash Equitization Account AT COST 69,133,293 69,498,888
NT - Walter Scott International AT COST 70,688,312 73,784,060
NT - IT Bonds AT COST 719,447,097 717,023,915
NT - S&P 500 AT COST 147,183,996 476,650,404

TY 2024 LandEtcSchedule2
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
24020961
Software Version:
2024v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Land 26,745,519   26,745,519 26,745,519
Construction in Progress 231,058,713   231,058,713 231,058,713
Furniture, Fixtures, & Equipment 683,796 134,190 549,606 549,606


TY 2024 LegalFeesSchedule
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 101,396     101,396


TY 2024 OtherExpensesSchedule
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Miscellaneous 67,927     67,927
Pass-through - Other Deductions 8,629,379 8,629,379    
Pass-through - Nondeductible Expenses 1,879      
Technology 85,426     85,426
Insurance 37,875     37,875
Supplies 56,336     56,336


TY 2024 OtherIncomeSchedule2
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Northern Trust -147,711 -147,711  
Pass-through - Other income/(loss) 5,385,350 5,767,036  
Rental Income 9,575 9,575  


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TY 2024 OtherNotesLoansRcvblLongSch
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
24020961
Software Version:
2024v5.1

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 2024 OtherProfessionalFeesSchedule
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrator & Management Fees 2,692,448     2,692,448
Investment Management Fees 5,341,477 5,341,477    
Other Professional Fees 495,919     495,919


TY 2024 TaxesSchedule
Name:
Alice L Walton Foundation
EIN:
82-3700633
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Excise Tax 4,950,000      
Northern Trust - Foreign Taxes 3,630,549 3,630,549    
Pass-through - Foreign Taxes 3,794,114 3,793,447