efile Public Visual Render
ObjectId: 202313189349102321 - Submission: 2023-11-14
TIN: 82-3700633
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0047
20
22
Open to Public Inspection
For calendar year 2022, or tax year beginning
01-01-2022
, and ending
12-31-2022
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
,
AR
72712
A Employer identification number
82-3700633
B
Telephone number (see instructions)
(479) 464-1570
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
3,647,545,341
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
164,151,631
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
121,360,189
121,347,949
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
List of Attached Documents:
// Content
45,250,190
b
Gross sales price for all assets on line 6a
516,802,734
7
Capital gain net income (from Part IV, line 2)
...
62,884,764
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)
.......
List of Attached Documents:
// Content
10,033,953
10,241,199
0
12
Total.
Add lines 1 through 11
........
340,795,963
194,473,912
0
13
Compensation of officers, directors, trustees, etc.
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
List of Attached Documents:
// Content
2,499,528
0
0
2,499,528
b
Accounting fees (attach schedule)
.......
0
0
0
0
c
Other professional fees (attach schedule)
....
List of Attached Documents:
// Content
5,251,533
1,834,083
0
3,417,450
17
Interest
...............
609,181
589,151
18
Taxes (attach schedule) (see instructions)
...
List of Attached Documents:
// Content
10,263,209
7,452,556
0
653
19
Depreciation (attach schedule) and depletion
...
0
0
0
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
5,595
5,595
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
List of Attached Documents:
// Content
6,615,306
6,598,526
0
13,081
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
25,244,352
16,474,316
0
5,936,307
25
Contributions, gifts, grants paid
.......
95,240,771
95,240,771
26
Total expenses and disbursements.
Add lines 24 and 25
120,485,123
16,474,316
0
101,177,078
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
220,310,840
b
Net investment income
(if negative, enter -0-)
177,999,596
c
Adjusted net income
(if negative, enter -0-)
...
0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2022)
Page 2
Form 990-PF (2022)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
241,071
207,898,641
207,898,641
2
Savings and temporary cash investments
.........
3
Accounts receivable
1,500
Less: allowance for doubtful accounts
0
1,500
1,500
4
Pledges receivable
Less: allowance for doubtful accounts
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)
644,000
Less: allowance for doubtful accounts
0
644,000
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
List of Attached Documents:
// Content
0
0
c
Investments—corporate bonds (attach schedule)
.......
0
0
11
Investments—land, buildings, and equipment: basis
0
Less: accumulated depreciation (attach schedule)
0
0
0
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
3,541,543,321
List of Attached Documents:
// Content
3,528,639,902
3,399,891,111
14
Land, buildings, and equipment: basis
39,110,089
Less: accumulated depreciation (attach schedule)
0
13,545,670
List of Attached Documents:
// Content
39,110,089
39,110,089
15
Other assets (describe
)
0
0
0
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
3,555,974,062
3,776,294,132
3,647,545,341
17
Accounts payable and accrued expenses
..........
9,230
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
)
23
Total liabilities
(add lines 17 through 22)
.........
0
9,230
Foundations that follow FASB ASC 958, check here
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
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
3,555,974,062
3,776,284,902
29
Total net assets or fund balances
(see instructions)
.....
3,555,974,062
3,776,284,902
30
Total liabilities and net assets/fund balances
(see instructions)
.
3,555,974,062
3,776,294,132
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
3,555,974,062
2
Enter amount from Part I, line 27a
.....................
2
220,310,840
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
3,776,284,902
5
Decreases not included in line 2 (itemize)
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
3,776,284,902
Form
990-PF
(2022)
Page 3
Form 990-PF (2022)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
GS COVERED PUTS - VARIOUS STOCKS
P
b
GS COVERED CALLS - VARIOUS STOCKS
P
c
GS COVERED CALLS - VARIOUS STOCKS
P
d
NT CASH - VARIOUS STOCKS
P
e
NT CASH - CAPITAL GAIN DISTRIBUTION
P
NT WALTER SCOTT - VARIOUS STOCKS
P
NT EAFE - CAPITAL GAIN DISTRIBUTION
P
NT EAFE - VARIOUS STOCKS
P
NT EAFE - VARIOUS STOCKS
P
NT R1000 - CAPITAL GAIN DISTRIBUTION
P
NT R1000 - VARIOUS STOCKS
P
NT R1000 - VARIOUS STOCKS
P
NT R1000 - VARIOUS STOCKS
P
NT EQUITIZATION - VARIOUS STOCKS
P
NT EQUITIZATION - SECTION 1256 GAINS
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
1,417,473
1,910,215
-492,742
b
1,325,477
1,421,187
-95,710
c
6,435,899
6,413,543
22,356
d
160,092,501
169,213,882
-9,121,381
e
9,868,381
0
9,868,381
3,731,894
4,702,437
-970,543
0
10,700,434
-10,700,434
34,828,736
45,668,129
-10,839,393
252,216
349,088
-96,872
184,279
0
184,279
123,619,452
133,052,565
-9,433,113
50,807,305
32,055,012
18,752,293
21,972
24,770
-2,798
10,263,447
10,268,390
-4,943
0
38,078,981
-38,078,981
113,953,702
59,337
113,894,365
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
-492,742
b
0
-95,710
c
0
22,356
d
0
-9,121,381
e
0
9,868,381
0
-970,543
0
-10,700,434
0
-10,839,393
0
-96,872
0
184,279
0
-9,433,113
0
18,752,293
0
-2,798
0
-4,943
0
-38,078,981
0
113,894,365
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
62,884,764
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
...................
3
0
Form
990-PF
(2022)
Page 4
Form 990-PF (2022)
Page
4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
1
2,474,194
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
2,474,194
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
2,474,194
6
Credits/Payments:
a
2022 estimated tax payments and 2021 overpayment credited to 2022
6a
3,469,806
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
2,000,000
d
Backup withholding erroneously withheld
..........
6d
7
Total credits and payments. Add lines 6a through 6d
..............
7
5,469,806
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2221 is attached.
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
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
2,995,612
11
Enter the amount of line 10 to be:
Credited to 2023 estimated tax
2,995,612
Refunded
11
0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
(2)
On foundation managers.
$
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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:
By language in the governing instrument, or
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)
DE
,
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 2022 or the taxable year beginning in 2022? 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.
List of Attached Documents:
// Content
...............................
10
Yes
Form
990-PF
(2022)
Page 5
Form 990-PF (2022)
Page
5
Part VI-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
N/A
14
The books are in care of
Abigail Spinks
Telephone no.
(918) 273-8194
Located at
300 SW 24th Street
Bentonville
AR
ZIP+4
72712
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
Yes
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
JA
,
NL
,
UK
,
CA
,
DA
,
FR
,
GM
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
...........
1a(1)
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
..............................
1a(2)
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
...........
1a(3)
Yes
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
............
1a(4)
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
......................
1a(5)
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
...............
1a(6)
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
..........
1b
No
c
Organizations relying on a current notice regarding disaster assistance check here
........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022?
.............
1d
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?
....................
2a
No
If "Yes," list the years
20
,
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.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
..............................
3a
No
b
If "Yes," did it have excess business holdings in 2022 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.)
.....................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022?
..
4b
No
Form
990-PF
(2022)
Page 6
Form 990-PF (2022)
Page
6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
..........
5a(1)
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
....................
5a(2)
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
.............
5a(3)
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
........................
5a(4)
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
.........
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).
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.............................
6a
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
.....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.........................
8
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
Alice L WALTON
Director, President
2.000
0
0
0
PO Box 1860
Bentonville
,
AR
72712
Philip Sigsworth
Treasurer (As of 7/5/22)
0.500
0
0
0
PO Box 1860
Bentonville
,
AR
72712
Richard Hosley
Secretary (As of 7/5/22)
0.500
0
0
0
PO Box 1860
Bentonville
,
AR
72712
Nate Falkner
List of Attached Documents:
// Content
Executive Director (As of 7/5/22)
40.000
182,086
18,208
0
PO Box 1860
Bentonville
,
AR
72712
Buddy D Philpot
Secretary (Until 7/5/22)
1.000
0
0
0
PO Box 1860
Bentonville
,
AR
72712
Robert A Smith
Treasurer (Until 7/5/22)
0.500
0
0
0
PO Box 1860
Bentonville
,
AR
72712
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
Roger Norman
List of Attached Documents:
// Content
PROGRAM OFFICER
40.000
131,295
20,124
0
PO Box 1860
Bentonville
,
AR
72712
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(2022)
Page 7
Form 990-PF (2022)
Page
7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
Baldwin and Shell Construction
Construction Services
17,408,616
6514 A Lynchs Prairie Cove
Springdale
,
AR
72762
ROPES & GRAY LLP
LEGAL SERVICES
2,204,825
800 BOYLSTON STREET
PRUDENTIAL TOWER
BOSTON
,
MA
021993600
THE CHARTIS GROUP LLC
CONULTING SERVICES
1,735,281
220 W KINZIE 3RD FLOOR
CHICAGO
,
IL
60654
Alliance Support Company LLC
Management Services
1,674,374
PO Box 1860
Bentonville
,
AR
72712
POLK STANLEY WILCOX ARCHITECTS LTD
Architecture Services
1,342,325
801 S SPRING STREET
LITTLE ROCK
,
AR
72201
Total
number of others receiving over $50,000 for professional services
.............
8
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
.........................
0
Form
990-PF
(2022)
Page 8
Form 990-PF (2022)
Page
8
Part IX
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
3,383,345,285
b
Average of monthly cash balances
.......................
1b
200,915,702
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
3,584,260,987
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
3
Subtract line 2 from line 1d
.........................
3
3,584,260,987
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions)
.............................
4
53,763,915
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3.
............
5
3,530,497,072
6
Minimum investment return.
Enter 5% (0.05) of line 5
................
6
176,524,854
Part X
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part IX, line 6
..................
1
176,524,854
2a
Tax on investment income for 2022 from Part V, line 5
.......
2a
2,474,194
b
Income tax for 2022. (This does not include the tax from Part V.)
...
2b
c
Add lines 2a and 2b
............................
2c
2,474,194
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
174,050,660
4
Recoveries of amounts treated as qualifying distributions
................
4
5
Add lines 3 and 4
............................
5
174,050,660
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
174,050,660
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
101,177,078
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
19,214,419
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
120,391,497
Form
990-PF
(2022)
Page 9
Form 990-PF (2022)
Page
9
Part XII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2021
(c)
2021
(d)
2022
1
Distributable amount for 2022 from Part X, line 7
174,050,660
2
Undistributed income, if any, as of the end of 2022:
a
Enter amount for 2021 only
.......
109,552,752
b
Total for prior years:
2020
,
2019
,
2018
0
3
Excess distributions carryover, if any, to 2022:
a
From 2017
......
0
b
From 2018
......
0
c
From 2019
......
0
d
From 2020
......
0
e
From 2021
......
0
f
Total
of lines 3a through e
........
0
4
Qualifying distributions for 2022 from Part
XI, line 4:
$
120,391,497
a
Applied to 2021, but not more than line 2a
109,552,752
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 2022 distributable amount
.....
10,838,745
e
Remaining amount distributed out of corpus
0
5
Excess distributions carryover applied to 2022.
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter 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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023
..........
163,211,915
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 2017 not
applied on line 5 or line 7 (see instructions)
...
0
9
Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a
......
0
10
Analysis of line 9:
a
Excess from 2018
....
0
b
Excess from 2019
....
0
c
Excess from 2020
....
0
d
Excess from 2021
....
0
e
Excess from 2022
....
0
Form
990-PF
(2022)
Page 10
Form 990-PF (2022)
Page
10
Part XIII
Private Operating Foundations
(see instructions and Part VI-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2022, enter the date of the ruling
......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2022
(b)
2021
(c)
2020
(d)
2019
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.)
1
Information Regarding Foundation Managers:
a
List 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
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
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
a
The name, address, and telephone number or email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form
990-PF
(2022)
Page 11
Form 990-PF (2022)
Page
11
Part XIV
Supplementary Information
(continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
Alice L Walton School of Medicine
900 McClain Rd
Bentonville
,
AR
72712
PC
FY21-22 Annual Operating Budget - Health
1,664,926
Alice L Walton School of Medicine
900 McClain Rd
Bentonville
,
AR
72712
PC
FY22-23 Annual Operating Budget - Health
6,018,325
American Academy in Rome
7 E 60th Street
New York
,
NY
10022
PC
2022 General Operating Support - Arts/Culture
10,000
American Federation of Arts Inc
305 East 47th Street 10th Floor
New York
,
NY
10017
PC
2022 General Operating Support - Arts/Culture
5,000
Americans for the Arts Inc
1275 K Street NW Suite 1200
Washington
,
DC
20005
PC
2022 General Operating Support - Arts/Culture
20,000
Arkansas Black Hall of Fame Foundation
21 Bascom Drive PO Box 1042
Little Rock
,
AR
72223
PC
2022 General Operating Support - Community Development
2,000
Arkansas Children's Hospital Foundation Inc
1 Childrens Way Slot 661
Little Rock
,
AR
72202
PC
2022 General Operating Support - Health
40,000
Arkansas Committee of the National Museum of Women in the Arts
6402 Trinity Drive
Pine Bluff
,
AR
71603
PC
2022 General Operating Support - Arts/Culture
10,000
Arkansas Community Foundation Inc
5 Allied Drive Suite 51110 Building
5 11th floor
Little Rock
,
AR
72202
PC
2022 General Operating Support - Health
125,000
Arkansas Immigrant Defense
4024 Wagon Wheel Rd
Springdale
,
AR
72762
PC
General Operating Support to Offset VOCA Cuts
60,000
Bentonville Highschool Choir Boosters Inc
1801 SE J Street
Bentonville
,
AR
72712
PC
Alpine Trilogy Performance Trip
10,000
Bentonville Library Foundation
405 South Main Street
Bentonville
,
AR
72712
PC
Bentonville Public Library Expansion
500,000
Best Friends Animal Society
5001 Angel Canyon Road
Kanab
,
UT
84741
PC
Capital Campaign and Front-Loaded Operations Support
1,000,000
Bill Hillary and Chelsea Clinton Foundation
1633 Broadway 5th Floor
New York
,
NY
10019
PC
Clinton Foundation Endowment
1,000,000
Boys and Girls Clubs of America
1275 Peachtree Street NE
Atlanta
,
GA
30309
PC
2022 General Operating Support - Community Youth Programs
25,000
Camp War Eagle Inc
PO Box 506 14323 Camp War Eagle Roa
d
Rogers
,
AR
72756
POF
2021-2022 Camp War Eagle Operations
5,020,018
Camp War Eagle Inc
PO Box 506 14323 Camp War Eagle Roa
d
Rogers
,
AR
72756
POF
2022-2023 Camp War Eagle Operations
3,892,530
Canopy NWA
1142 N Futrall Dr
Fayetteville
,
AR
72703
PC
2022 General Operating Support - Immigration/Integration
50,000
CASA of Northwest Arkansas Inc
3825 Cawood Lane
Springdale
,
AR
72762
PC
Funding to Offset VOCA Cuts
81,000
Center for Curatorial Leadership
174 East 80th Street
New York
,
NY
10075
PC
2022 General Operating Support - Arts/Culture
20,000
City of Fort Worth - Animal Adoption Center
Code Compliance Department 818 Miss
ouri Avenue
Fort Worth
,
TX
76104
GOV
2022 General Operating Support - Community Development
20,000
Civic Symphony of Benton County Guild Inc
P O Box 17231901 SE J Street
Bentonville
,
AR
72712
PC
2022 General Operating Support - Arts/Culture
50,000
Clark Atlanta University Inc
223 James P Brawley Dr SW
Atlanta
,
GA
30314
PC
Scholarship Support for Clark Atlanta University Students
7,500
Cowboy Artists of America Joe Beeler Foundation
PO Box 186
Clifton
,
TX
76634
PC
2022 Annual Artist Exhibition and Sale
5,000
Equitable Facilities Fund Inc
228 Park Avenue South Suite 61633
New York
,
NY
10003
PC
To help fund Equitable Facilities Fund's mission of supporting an equitable, high-quality public education for all students by providing financing to excellent public charter schools to build, grow and renovate facilities.
50,000,000
Fort Worth Zoological Association Inc
1989 Colonial Parkway
Fort Worth
,
TX
76110
PC
Zoo 2020: A Perfect Vision Endowment
500,000
Girl Scouts - Diamonds of Arkansas Oklahoma and Texas
11311 Arcade Drive
Fayetteville
,
AR
72212
PC
2022 General Operating Support - Community Youth Programs
20,000
Hope Women's Shelter Inc
PO Box 1650
Mineral Wells
,
TX
76068
PC
2022 General Operating Support - Community Development
20,000
Horses for Healing Inc
14679 Daniels Rd
Bentonville
,
AR
72712
PC
2022 General Operating Support - Health
20,000
Jazz at Lincoln Center Inc
3 Columbus Circle 12th Floor
New York
,
NY
10019
PC
Portraits of America and Arts Integration Pilot
1,154,481
Lincoln Center for the Performing Arts Inc
70 Lincoln Center Plaza
New York
,
NY
10023
PC
2022 General Operating Support - Arts/Culture
25,000
Massachusetts Museum of Contemporary Art Foundation Inc
1040 Mass Moca Way
North Adams
,
MA
01247
PC
Programming Partnership for The Plant
150,000
Mercy Health Foundation Northwest Arkansas
2710 S Rife Medical Lane
Rogers
,
AR
72758
PC
2022 General Operating Support - Health
20,000
Metropolitan Museum of Art
1000 5th Ave
New York
,
NY
10028
PC
2022 General Operating Support - Arts/Culture
25,000
Morehouse College
830 Westview Drive SW
Atlanta
,
GA
303143773
PC
Scholarship Support for Morehouse Students
14,000
Museum of Modern Art
11 West 53 Street
New York
,
NY
10019
PC
2022 General Operating Support - Arts/Culture
38,000
National Museum of Women in the Arts Inc
1250 New York Avenue NW
Washington
,
DC
200053970
PC
2022 General Operating Support - Arts/Culture
75,000
New Haven Home Inc
115 SW 3rd Street
Mineral Wells
,
TX
76067
PC
2022 General Operating Support - Housing/Shelter/Food
140,000
New Life Ranch Inc
160 New Life Ranch Drive
Colcord
,
OK
743389779
PC
2022 General Operating Support - Community Youth Programs
25,000
New York and Presbyterian Hospital
525 E 8th St
New York
,
NY
10065
PC
2022 General Operating Support - Health
50,000
North Arkansas College Foundation Inc
1515 Pioneer Drive
Harrison
,
AR
726015508
PC
Arts Facility Renovation and Art Program Support
150,000
Northwest Arkansas Children's Shelter
860 NW Vaughn Road
Bentonville
,
AR
72713
PC
2022 General Operating Support - Human Services
100,000
Northwest Arkansas Community College Foundation Inc
One College Drive
Bentonville
,
AR
72712
PC
2022 General Operating Support - Education
50,000
Northwest Arkansas Council Foundation
4100 Corporate Center Drive Suite 2
05
Springdale
,
AR
72762
PC
Life Works Here Phase 4
1,000,000
Northwest Arkansas Crisis Intervention Center
614 E Emma Street Ste 410
Springdale
,
AR
72764
PC
General Operating Support to Offset VOCA Cuts
20,000
Northwest Arkansas Food Bank Inc
1378 June Self Drive
Bethel Heights
,
AR
72764
PC
Capital Campaign and Fresh Food Support
3,250,000
Northwest Arkansas Rape Crisis Inc
1670 West Sunset Avenue Suite B
Springdale
,
AR
727625235
PC
Funding to Offset VOCA Cuts
76,500
Northwest Arkansas Women's Shelter
PO Box 1059
Rogers
,
AR
72757
PC
Funding to Offset VOCA Cuts
133,500
NWTI Education Foundation
709 South Old Missouri Road
Springdale
,
AR
727641142
PC
Expand Allied Health Training Facilities and Integrate Whole Health
1,410,000
Peace at Home Family Shelter
PO Box 10946
Fayetteville
,
AR
72703
PC
General Operating Support to Offset VOCA Cuts
190,000
Peace at Home Family Shelter
PO Box 10946
Fayetteville
,
AR
72703
PC
2022 General Operating Support - Housing/Shelter/Food
50,000
Presbyterian Children's Homes and Services
5920 W William Cannon Drive Buildin
g 3 Suite 100
Austin
,
TX
78749
PC
2022 General Operating Support - Community Youth Programs
25,000
Presbyterian Night Shelter of Tarrant County
PO Box 2645
Fort Worth
,
TX
76113
PC
2022 General Operating Support - Housing/Shelter/Food
10,000
Robin Hood Foundation
826 Broadway 9th Floor
New York
,
NY
10003
PC
2022 General Operating Support - Housing/Shelter/Food
1,000,000
Silk Road Project Inc
Post Office Box 35460
Allston
,
MA
02135
PC
American Railroad and Other Key Artistic and Educational Programs
528,666
Smithsonian Institution
600 Maryland Ave SW
Washington
,
DC
20002
PC
Art Digitization and Oral History (Podcast) Programs
395,363
Smithsonian Institution
600 Maryland Ave SW
Washington
,
DC
20002
PC
Digital Education Programs Endowment
5,000,000
Smithsonian Institution
600 Maryland Ave SW
Washington
,
DC
20002
PC
Smithsonian American Women's History Museum Construction
5,000,000
SOAR After School Program
922 E Emma Ave
Springdale
,
AR
72764
PC
SOAR After School Program 2022-2023
200,000
South Arts Inc
1800 Peachtree St NW Suite 808
Atlanta
,
GA
30309
PC
America's Cultural Treasures - Southeast Program
653,015
Spelman College
350 Spelman Ln SW
Atlanta
,
GA
303144399
PC
Building an Art History Major & Curatorial Studies Minor at the Atlanta University Center
1,130,282
Symphony Orchestra of Northwest Arkansas
PO Box 1243
Fayetteville
,
AR
72702
PC
2022 General Operating Support - Arts/Culture
25,000
Tarleton State University
Dept of Animal Science and Veterina
ry Technology Box T-0070
Stephenville
,
TX
76402
GOV
2022 General Operating Support - Education
17,275
The Aspen Institute Inc
2300 N St NW 700
Washington
,
DC
200371122
PC
2022 General Operating Support - Community Development
25,000
The Aspen Institute Inc
2300 N St NW 700
Washington
,
DC
200371122
PC
Aspen Opportunity Youth Forum support
833,333
The Morehouse School of Medicine Inc
720 Westview Drive Southwest
Atlanta
,
GA
303101458
PC
The President's Innovation Fund and Scholarship Endowment Support
250,000
The National Cowgirl Museum and Hall of Fame Inc
1720 Gendy Street
Fort Worth
,
TX
76107
PC
2022 General Operating Support - Arts/Culture
25,000
The Peel Compton Foundation
312 North Main Street
Bentonville
,
AR
727125337
POF
2022 Outdoor Education and Preservation Programs
25,000
The University of Arkansas Foundation Inc
535 W Research Center Blvd Suite 12
0
Fayetteville
,
AR
72701
PC
Black Music Institute
226,090
The University of Arkansas Foundation Inc
535 W Research Center Blvd Suite 12
0
Fayetteville
,
AR
72701
PC
McMillon Innovation Studio
77,500
The University of Arkansas Foundation Inc
535 W Research Center Blvd Suite 12
0
Fayetteville
,
AR
72701
PC
University of Arkansas at Little Rock Nutrition Plan
37,500
The University of Arkansas for Medical Sciences Foundation
4301 W Markham Street 716
Little Rock
,
AR
72205
PC
Comprehensive School Nutrition Enrichment Program
276,757
The University of Arkansas for Medical Sciences Foundation
4301 W Markham Street 716
Little Rock
,
AR
72205
PC
Double Your Dollars Program
25,000
United Way of Northwest Arkansas Inc
100 Parkwood Street Suite C
Lowell
,
AR
72745
PC
2022 General Operating Support - Community Development
150,000
University of Central Arkansas Foundation Inc
100 Parkwood Street Suite C
Lowell
,
AR
72745
PC
Windgate Center for Fine & Performing Arts Maintenance and Support for the Arts Education programming budget at UCA
666,667
University of the Ozarks
415 North College Avenue
Clarksville
,
AR
72830
PC
2022 General Operating Support - Education
75,000
Van Cliburn Foundation Inc
201 Main Street Suite 100
Fort Worth
,
TX
76102
PC
2022 General Operating Support - Arts/Culture
50,000
Vincent Price Art Museum Foundation
1301 Avenida Cesar Chavez
Monterey Park
,
CA
91754
PC
Museum Studies Certificate Program
130,543
Whitney Museum of American Art
99 Gansevoort St
New York
,
NY
10014
PC
2022 General Operating Support - Arts/Culture
40,000
Total
.................................
3a
95,240,771
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2022)
Page 12
Form 990-PF (2022)
Page
12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees 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
12,240
14
121,347,949
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not 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
59,337
18
45,190,853
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
Northern Trust
14
-875,626
b
Pass-through - Other Income/(Loss)
523000
-207,246
14
11,116,825
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
-135,669
176,780,001
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
176,644,332
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
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
(2022)
Page 13
Form 990-PF (2022)
Page
13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
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.
2023-11-14
May the IRS discuss this return
with the preparer shown below?
See instructions.
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
LUKE C MITCHELL
Preparer's Signature
Date
Check if self-
employed
PTIN
P03095207
Firm's name
WALTON ENTERPRISES LLC
Firm's EIN
62-1665434
Firm's address
PO BOX 1860
BENTONVILLE
,
AR
727121860
Phone no.
(479) 464-1500
Form
990-PF
(2022)
Additional Data
Software ID:
22016089
Software Version:
2022v5.0
Form 990PF - Special Condition Description:
Special Condition Description