Town Branch Foundation is a private grantmaking foundation established in 2018 and based in Bentonville, Arkansas. It operates as a corporate foundation of Walmart Inc. and serves as the primary personal philanthropic vehicle of Jim Walton, youngest son of Walmart founder Sam Walton, and his wife Lynne Walton.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$500.0M
+6.3% YoY
Annual Giving
$30.0M
-20.7% YoY
Grant Count
63
+14.5% YoY
Avg Grant Size
$476K
-30.8% YoY
Mission & Focus Areas
The foundation focuses on:
- Entrepreneurship initiatives
- Local Arkansas community development, particularly trail infrastructure
- Educational institutions and K-12 education advancement
- Environmental conservation
- General operating support for selected organizations
- Residential children's treatment programs
The foundation does not operate formal grant programs with named streams. Instead, it makes grants at the discretion of its trustees to preselected organizations. Many recipients are Walton-linked nonprofit organizations, reflecting the foundation's strategic approach to supporting institutions where family members have governance roles or established relationships.
Grantmaking
The foundation does not maintain a public website or publicly listed contact information. It operates on an invitation-only basis with no formal public application process.
Grant Range
Range:**
Average Grant
$799,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation has Arkansas-focused giving with national reach, supporting organizations in:
- Arkansas (primary focus)
- Texas
- District of Columbia
- Oklahoma
- California
- Multiple other U.S. states
Approximately 84% of all grants support organizations in Arkansas, District of Columbia, and Texas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $500,000,000
- Total Revenue: $66,564,166
- Total Expenses: $37,148,136
- Net Income: $29,416,030
- Total Liabilities: $0
As of 2023:
- Total Assets: $470,600,000
- Annual Giving: $37,811,935
Historical Context: Despite Jim Walton's estimated net worth of $103 billion, the foundation's endowment represents approximately 0.5% of his fortune.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $499,998,797 | $470,582,767 | $487,284,507 |
| Revenue | $66,564,166 | $30,794,095 | $485,953 |
| Expenses | $37,148,136 | $45,804,542 | $25,131,715 |
| Qualifying Distributions | $113,869,285 | $119,286,516 | $52,176,776 |
| Net Investment Income | $29,402,318 | $28,957,148 | $11,036,347 |
| Distributable Amount | $70,084,524 | $73,994,148 | $26,779,340 |
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
178 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
- Jim Walton — Founder and primary officer
- Tim Keith — Principal officer
- Lynne Walton — Co-founder
The foundation operates with 2 employees.
Compensation Overview
From 2024 IRS filing
No officer/director data available.
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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