Alice L Walton Foundation
The Alice L. Walton Foundation is a private philanthropic organization established in 2017 by Alice Walton, an heir to the Walmart fortune and founder of the Crystal Bridges Museum of American Art. Based in Bentonville, Arkansas, the foundation is committed to increasing access to the arts, improving education, enhancing health, and advancing economic opportunity for all. The foundation operates as a private non-operating foundation with tax-exempt status granted in March 2019.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.7B
+15.9% YoY
Annual Giving
$47.1M
-50.3% YoY
Grant Count
95
+14.5% YoY
Avg Grant Size
$496K
-56.6% YoY
Mission & Focus Areas
The foundation's mission centers on creating opportunities that help people and communities achieve their dreams, with a dedicated commitment to promoting diversity and equitable access across all philanthropic work.
Primary funding areas include:
- Arts and Culture — Supporting arts education, boosting Americans' exposure to world-class art, and building a pipeline for diverse leaders in the arts field
- Education — Improving educational opportunities and access
- Health and Wellness — Advancing a whole-person approach to healthcare and exploring how art, nature, and spaces around us shape and improve lives
- Economic Opportunity — Advancing economic opportunity for all
- Community Development — Supporting community-focused initiatives
Grantmaking
The foundation operates through a strategic, proactive funding model rather than accepting unsolicited applications. It does not have a public application process.
Grant Range
$299 to $50,000,000
How to Apply
.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is national in scope, though Arkansas receives significant investment as the foundation's home state. Major investments in Arkansas include the Crystal Bridges Museum of American Art and the Alice L. Walton School of Medicine in Bentonville.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Giving (2024):
- Total assets: $4,688,592,870
- Total giving: $47,146,944
- Revenue: $722,000,000
- Expenses: $79,400,000
- Total liabilities: $0
Assets (2023):
- Total assets: $4,045,996,103
- Annual giving: $94,958,378
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,688,592,870 | $4,045,996,103 | $3,776,294,132 |
| Revenue | $721,949,474 | $398,057,652 | $340,795,963 |
| Expenses | $79,352,707 | $128,346,451 | $120,485,123 |
| Qualifying Distributions | $155,806,613 | $208,970,681 | $120,391,497 |
| Net Investment Income | $520,313,215 | $215,888,196 | $177,999,596 |
| Distributable Amount | $222,179,335 | $189,186,922 | $174,050,660 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Alice Walton — Founder and philanthropist. Alice Walton is recognized as one of America's most important arts philanthropists and has received numerous accolitions including the Smithsonian Institution's Archives of American Art Medal, the John Cotton Dana Medal for Visionary Leadership in Museums, the Leonore and Walter Annenberg Award for Diplomacy through the Arts, and the Getty Medal for Contributions to the Arts and Humanities. In 2025, she was recognized in TIME100 Philanthropy for her contributions to healthcare, education, and the arts.
Tim Keith — Listed as care of contact on tax filings.
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Recent News & Activity
Recent developments and announcements
The foundation announced the selection of global architectural firms CannonDesign and EDSA to design a campus focused on whole health.
Alice L. Walton Foundation announces the selection of global firms ...The Alice L. Walton Foundation provided a groundbreaking gift to Crystal Bridges Museum of American Art to expand the museum's "Commitment to Future Arts Leaders" program.
Alice L. Walton Foundation offers Bentonville $239 million loan for ...The foundation, along with the Ford Foundation, Mellon Foundation, and Pilot House Philanthropy, announced joint investments aimed at developing more diverse leadership in art museums.
Alice L. Walton Foundation, Ford Foundation, Mellon Foundation, and PilotThe foundation offered Bentonville a $239 million loan for sewer upgrades.
Alice L. Walton Foundation offers Bentonville $239 million loan for ...The Walton family announced the appointment of Dr. David Mazyck as inaugural president of a planned nonprofit, business-infused university focused on STEM education to be located at the former Walmart Home Office site in Bentonville.
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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