Town Branch Foundation

BENTONVILLE, AR EIN: 82-3575662

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

+14.5% YoY

Avg Grant Size

$476K

-30.8% YoY

Under IRS private-foundation payout rules, Town Branch Foundation reported a distributable amount of $70.1M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Arkansas $95.7M (82%)

Oklahoma $15.1M (13%)

Missouri $3.4M (3%)

Massachusetts $1.1M (1%)

District of Columbia $870K (1%)

Texas $213K (0%)

Virginia $200K (0%)

California $169K (0%)

+4 more states

States

Arkansas California District of Columbia Idaho Massachusetts Maryland Missouri North Carolina New York Oklahoma Texas Virginia

Cities

ArlingtonBaltimoreBentonvilleBoiseCalabasasChapel HillDenisonFayettevilleKansasKansas CityKingsvilleLittle RockNe WashingtonNew YorkNw WashingtonOklahoma CityQuincyRosevilleSeminoleSherman

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.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Among its reported 2024 grants, the largest include The Peel Compton Foundation ($3,854,715), City of Bentonville ($2,000,000), Heartland Forward Inc ($1,661,880).

Recipient	Purpose	Amount
Advance Rural Education Foundation Seminole, OK	The Academy of Okmulgee expansion	$330,000
American Enterprise Institute for Public Policy Research Washington, DC	To support general operations	$150,000
Arkansas Childrens Foundation Little Rock, AR	to support the vehicular heat stroke prevention campaign	$5,000
Arkansas Public School Resource Center Inc Little Rock, AR	To support general operations	$500,000
Arkansas Public School Resource Center Inc Little Rock, AR	To provide literacy specialists and coaches to implement literacy support for charter schools and serve as a self-sustaining unit for school interventions	$849,000
Arkansas Public School Resource Center Inc Little Rock, AR	to create a Charter Impact Team that will provide targeted support to struggling charter schools	$518,071
Arkansas Public School Resource Center Inc Little Rock, AR	to establish a central kitchen for charter schools to provide cost-effective meal options to students	$702,500
Arkansas State University System Foundation Inc State University, AR	to support the implementation and evaluation of the BehaviorHelp program	$197,085
Arkansas State University System Foundation Inc State University, AR	to support the implementation and evaluation of the Fostering Informed and Responsive Systems for Trauma: Early Care and Education program	$161,040
Bentonville Bella Vista Trailblazer's Association Inc Bentonville, AR	to support the engineering design costs of the tunnel to reroute the Greenway trail under Hwy 102 near P Street	$46,366

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

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Town Branch Foundation fund?

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 ar…

How do I apply for a grant from Town Branch Foundation?

**Grant Activity:** • In 2024, the foundation awarded 31 grants • In 2023, the foundation awarded 55 grants totaling $37,811,935 • Annual giving has grown from $14.6 million in 2020 to $43 million in 2023 **Grant Size Range:** • Typical awards range from $10,000 to $5,900,000 • Historical range: $1,000 to $15,000,000 • Median grant: $16,000 • Average grant: $799,000 **Recent Notable Grants (2024):** • The Peel Compton Foundation: $3,854,715 (general operations) • The Peel Compton Foundation: $2…

Where does Town Branch Foundation make 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.

What size grants does Town Branch Foundation award?

In 2024, Town Branch Foundation awarded 63 grants totaling $30.0M — an average of about $476K per grant, based on its IRS Form 990 filings.

How much is Town Branch Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Town Branch Foundation reported a distributable amount of $70.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.