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Nonprofiteer
← THE WALTON FAMILY CHARITABLE SUPPORT FOUNDATION INC

Form 990 for tax year 2024

Filed by THE WALTON FAMILY CHARITABLE SUPPORT FOUNDATION INC.

Totals

Total revenue
$65,282,053
Total expenses
$61,778,828
Contributions and grants received
$0
Grants paid
$58,760,661
Program service revenue
$0
Investment income
$64,974,009
Other revenue
$308,044
Total assets, end of year
$1,099,641,018
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,099,641,018
Program services expenses (Part IX)
$58,760,661
Management and general expenses
$3,018,167
Fundraising expenses
$0
Program service expenses (Part III)
$58,760,661

Program services were 95.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $52,854,486 · excluded $52,854,486

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $37,687,815

  • 7b · Less cost or other basis and sales expenses

    securities $25,568,292

  • 7c · Gain or loss

    securities $12,119,523 · other assets $0

  • 7d · Net gain or loss

    total $12,119,523 · excluded $12,119,523

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Pass Through Income

    total $518,890 · excluded $518,890

  • 11b · Other revenue: NORTHERN TRUST - OTHER INCOME/LOSS

    total -$210,846 · excluded -$210,846

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $308,044

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $58,760,661 · program services $58,760,661

  • 5 · Compensation of officers, directors and key employees

    total $8,000 · management and general $8,000

  • 11b · Fees: legal

    total $11,748 · management and general $11,748

  • 11f · Fees: investment management

    total $330,019 · management and general $330,019

  • 11g · Fees: other

    total $135,629 · program services $0 · management and general $135,629 · fundraising $0

  • 24a · Other expenses: NT Foreign Taxes

    total $2,049,491 · management and general $2,049,491

  • 24b · Other expenses: Pass Through Deductions

    total $483,113 · management and general $483,113

  • 24e · All other expenses

    total $167 · program services $0 · management and general $167 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $216,904 · end of year $228,184

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $779,440,856 · end of year $758,084,134

  • 12 · Investments: other securities

    beginning of year $316,480,033 · end of year $341,328,700

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,096,137,793 · end of year $1,099,641,018

Mission and programs · 2024

Mission

THE FOUNDATION'S MISSION IS TO OPERATE AS A SUPPORTING ORGANIZATION TO (I) PUBLIC AND PRIVATE COLLEGES AND UNIVERSITIES OPERATING IN THE STATE OF ARKANSAS AND (II) COMMUNITY FOUNDATIONS OPERATING IN FIVE STATES WHCH INCLUDE: ARKANSAS, KANSAS, MISSOURI, OKLAHOMA, AND TEXAS.

Activities or mission (Part I)

THE FOUNDATION ACTS AS A SUPPORTING ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3) AND 509 (A)(3) FOR CERTAIN PUBLIC CHARITIES BY MAKING GRANTS TO SUCH ORGANIZATIONS.

  • GRANTS FOR SUPPORTED ORGANIZATIONS DESCRIBED IN SCHEDULE A, PART I, LINE G

    Expenses $58,760,661 · Grants $58,760,661

As filed on the 2024 return.

Listed in Part VII

  • Ed Fryar

    DIRECTOR, TREASURER

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Heather Larkin

    DIRECTOR, VICE PRESIDENT (UNTIL 12/11/24), PRESIDENT (FROM 12/11/24)

    Total calculated
    $401,059
    From this org
    $2,000
    From related orgs
    $329,028
    Other
    $70,031
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $2,000 + $329,028 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $66,000 related
    Nontaxable benefits
    $0 + $4,031 related
    Filer's total
    $2,000 + $399,059 related

  • M Sean Evans

    DIRECTOR, SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mark Simmons

    DIRECTOR, PRESIDENT (UNTIL 12/11/24)

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Richard Dunsworth

    DIRECTOR, VICE PRESIDENT (From 12/11/24)

    Total calculated
    $328,853
    From this org
    $2,000
    From related orgs
    $295,646
    Other
    $31,207
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $2,000 + $295,646 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $25,180 related
    Nontaxable benefits
    $0 + $6,027 related
    Filer's total
    $2,000 + $326,853 related

  • Steuart L Walton

    DIRECTOR, CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Charles Pollard

    DIRECTOR (FROM 12/11/24)

    Total calculated
    $477,798
    From this org
    $0
    From related orgs
    $413,928
    Other
    $63,870
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,928 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $47,150 related
    Nontaxable benefits
    $0 + $16,720 related
    Filer's total
    $0 + $477,798 related

  • Robert Burns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • University of Arkansas Foundation Inc

    $34,340,000

    RESEARCH AND COMMERCIALIZATION - PHASE II, ESTABLISHMENT OF I3R AND BUILD RESEARCH BUILDING.

  • John Brown University

    $6,500,000

    to accelerate the development of JBU's cybersecurity program to develop local talent and meet a critical workforce need for Northwest Arkansas economy.

  • Northwest Arkansas Community College Foundation Inc

    $4,421,350

    TO SUPPORT THE DEVELOPMENT AND LAUNCH OF A SUSTAINABLE TRAILS TRADE SCHOOL.

  • Arkansas Community Foundation Inc

    $3,059,646

    Single Parent Scholarship Fund of Northwest Arkansas.

  • Harding University

    $1,484,288

    to support the Walton International Scholarship Program at Harding University for the freshman classes of 2022, 2023, 2024.

  • John Brown University

    $1,477,145

    to support the Walton International Scholarship Program at John Brown University for the freshman classes of 2022, 2023, 2024.

  • University of the Ozarks

    $1,341,271

    to support the Walton International Scholarship Program at University of the Ozarks for the freshman classes of 2022, 2023, 2024.

  • Harding University

    $1,318,227

    to support the Walton International Scholarship Program at Harding University for the freshman classes of 2019, 2020, and 2021.

  • University of the Ozarks

    $1,249,763

    to support the Walton International Scholarship Program at the University of the Ozarks for the freshman classes of 2019, 2020, and 2021.

  • John Brown University

    $1,159,639

    to support the Walton International Scholarship Program at John Brown University for the freshman classes of 2019, 2020, and 2021.

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 August 2025
IRS schema version
2024v5.1
Source object
202502249349301730

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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