Walton Family Charitable Support Foundation Inc
Walton Family Charitable Support Foundation Inc is a public charity based in Bentonville, Arkansas. Formed in 1987, it supports public and private colleges and universities operating in Arkansas and community foundations operating in Arkansas, Kansas, Missouri, Oklahoma, and Texas.
Key facts about Walton Family Charitable Support Foundation Inc
In short: Walton Family Charitable Support Foundation Inc gave $58.8M across 16 grants in 2024 (avg $3.7M), mostly in Arkansas. Source: 2024 IRS Form 990.
- EIN
- 58-1766770
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $58,760,661
- Grants made (2024)
- 16
- Average grant
- $3,672,541
- Median grant
- $1,283,995
- Total assets
- $1,099,641,018
- Primary geography
- Arkansas (100% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$1.1B
+0.3% YoY
Annual Giving
$58.8M
-34.0% YoY
Grant Count
16
-11.1% YoY
Avg Grant Size
$3.7M
-25.7% YoY
How Walton Family Charitable Support Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (−12%). Method
From the foundation's IRS Form 990 filings. Methodology.
Mission & Focus Areas
The foundation states that its mission is to operate as a supporting organization to public and private colleges and universities in Arkansas and community foundations in Arkansas, Kansas, Missouri, Oklahoma, and Texas. Its filing describes grants for supported organizations.
Its 2024 grants included support for university research and commercialization, cybersecurity education, a sustainable-trails trade school, scholarships, and community foundation activities. The grantee missions offer context about the organizations it supports: the University of Arkansas Foundation says it supports the University of Arkansas System; Northwest Arkansas Community College Foundation describes its purpose as supporting the college’s continued development; and Arkansas Community Foundation says it engages people, connects resources, and inspires solutions to build community. John Brown University describes its mission as Christ-centered education that prepares students to serve others, while Harding University says it transforms learners for global impact by engaging minds and nurturing faith.
Grantmaking
In filing year 2024, the foundation reported 16 grants totaling $58,760,661. Grants ranged from $12,225 to $34,340,000, with a median of $1,283,995.
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Geographic Focus
Where this funder awards grants
The foundation’s stated geographic scope includes public and private colleges and universities operating in Arkansas and community foundations operating in Arkansas, Kansas, Missouri, Oklahoma, and Texas. All 2024 grant dollars went to recipients in Arkansas.
Grant Distribution by State
Share of 2024 grant dollars across all 16 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $14.1M (2019) to $89.0M (2023). In 2024 it made 16 grants totaling $58.8M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was University of Arkansas Foundation Inc ($35.5M across 3 grants). Together the top 7 received $58.8M.
Grant Size Distribution
64 grants across all recorded years
The most common grant size was in the $1–5M range: 25 grants of 64 (39%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Arkansas Foundation Inc Fayetteville, AR | Research and commercialization - phase ii, establishment of i3r and build research building. | $34,340,000 |
| John Brown University Siloam Springs, AR | to accelerate the development of JBU's cybersecurity program to develop local talent and meet a critical workforce need for Northwest Arkansas economy. | $6,500,000 |
| Northwest Arkansas Community College Foundation Inc Bentonville, AR | To support the development and launch of a sustainable trails trade school. | $4,421,350 |
| Arkansas Community Foundation Inc Little Rock, AR | Single Parent Scholarship Fund of Northwest Arkansas. | $3,059,646 |
| Harding University Searcy, AR | to support the Walton International Scholarship Program at Harding University for the freshman classes of 2022, 2023, 2024. | $1,484,288 |
| John Brown University Siloam Springs, AR | to support the Walton International Scholarship Program at John Brown University for the freshman classes of 2022, 2023, 2024. | $1,477,145 |
| University of the Ozarks Clarksville, AR | to support the Walton International Scholarship Program at University of the Ozarks for the freshman classes of 2022, 2023, 2024. | $1,341,271 |
| Harding University Searcy, AR | to support the Walton International Scholarship Program at Harding University for the freshman classes of 2019, 2020, and 2021. | $1,318,227 |
| University of the Ozarks Clarksville, AR | to support the Walton International Scholarship Program at the University of the Ozarks for the freshman classes of 2019, 2020, and 2021. | $1,249,763 |
| John Brown University Siloam Springs, AR | to support the Walton International Scholarship Program at John Brown University for the freshman classes of 2019, 2020, and 2021. | $1,159,639 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant sum | Grant count |
|---|---|---|---|---|---|
| 2024 | $1,099,641,018 | $65,282,053 | $61,778,828 | $58,760,661 | 16 |
| 2023 | $1,096,137,793 | $58,704,595 | $91,642,720 | $89,010,787 | 18 |
| 2022 | $1,129,075,918 | $27,468,411 | $43,298,866 | $40,786,666 | 11 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,099,641,018 | $1,096,137,793 | $1,129,075,918 |
| Revenue | $65,282,053 | $58,704,595 | $27,468,411 |
| Expenses | $61,778,828 | $91,642,720 | $43,298,866 |
| Net Investment Income | $64,974,009 | $58,832,734 | $28,025,886 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS August 10, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 31, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 16, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 8, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS August 12, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Ed Fryar as director and treasurer; Heather Larkin as director and vice president until December 11, 2024, and president from that date; M Sean Evans as director and secretary; Mark Simmons as director and president until December 11, 2024; Richard Dunsworth as director and vice president from December 11, 2024; Steuart L Walton as director and chairman; Charles Pollard as director from December 11, 2024; and Robert Burns as director.
Walton Family Charitable Support Foundation Inc is led by Mark Simmons, Director & President since 2020 (on filings since 2019); 4 of 8 officers listed in 2024 are compensated.
Officers on the 2024 filing
Mark Simmons
Director & President
Director → Director & President, 2020
On filings since 2019
1 hr/week
$2K (2019) → $2K (2024)
Heather Larkin
Director, Vice President & President
Director: Vice President → Director & Vice President, 2021
Director & Vice President → Director, Vice President & President, 2024
On filings since 2020
1 hr/week
$4K (2021) → $2K (2024)
Steuart L. Walton
Director & Chairman
Director & Chair → Director, 2021
Director → Director & Chairman, 2022
On filings since 2020
1 hr/week
No compensation reported
Ed Fryar
Director & Treasurer
Director → Director & Treasurer, 2021
On filings since 2020
1 hr/week
$2K (2021) → $2K (2024)
Richard Dunsworth
Director & Vice President
Director → Director & Vice President, 2024
On filings since 2020
1 hr/week
$4K (2021) → $2K (2024)
M. Sean Evans
Director & Secretary
Director → Director & Secretary, 2020
On filings since 2019
1 hr/week
No compensation reported
Robert Burns
Director
On filings since 2021
1 hr/week
No compensation reported
Charles Pollard
Director
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (8)
- Former: Karen Minkel (2019–2021) — Director
- Former: Sean Evans (2021) — Director & Secretary
- Former: Buddy D. Philpot (2019) — Director & Secretary
- Former: Donald Munro (2019) — Director
- Former: Jim C. Walton (2019) — Director & Chairman of the Board
- Former: Kaneaster Hodges Jr. (2019) — Director & President
- Former: Richard D. Chapman (2019) — Director & Treasurer
- Former: Rick D. Niece (2019) — Director & Vice President
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $2K, to Ed Fryar (Director, Treasurer). 4 officers or directors reported compensation on that filing.
Contact
Mailing address: PO Box 2030, Bentonville, AR 72712
Frequently asked questions about Walton Family Charitable Support Foundation Inc
How much does Walton Family Charitable Support Foundation Inc give each year?
Walton Family Charitable Support Foundation Inc gave $58.8M across 16 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $89.0M across 18 grants.
What is Walton Family Charitable Support Foundation Inc's typical grant size?
Walton Family Charitable Support Foundation Inc's median grant in 2024 was $1,283,995, and its average grant was $3,672,541, across 16 grants on its 2024 IRS Form 990.
Where does Walton Family Charitable Support Foundation Inc give grants?
Walton Family Charitable Support Foundation Inc gives mostly in Arkansas: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Little Rock, AR (4 grants), Fayetteville, AR (3 grants), Siloam Springs, AR (3 grants) and Searcy, AR (2 grants).
Does Walton Family Charitable Support Foundation Inc give general operating support?
Not in 2024: none of the 16 grants with a stated purpose on Walton Family Charitable Support Foundation Inc's 2024 IRS Form 990 were described as general or operating support.
Who are Walton Family Charitable Support Foundation Inc's largest grantees?
Walton Family Charitable Support Foundation Inc's largest 2024 grantees include University of Arkansas Foundation Inc ($35,458,236 across 3 grants), John Brown University ($9,136,784 across 3 grants) and Northwest Arkansas Community College Foundation Inc ($4,421,350), according to its 2024 IRS Form 990. Together they received 83% of its itemized 2024 grant dollars.
How large is Walton Family Charitable Support Foundation Inc?
Walton Family Charitable Support Foundation Inc reported $1.1B in total assets on its 2024 IRS Form 990. Its revenue that year was $65.3M.
What does Walton Family Charitable Support Foundation Inc fund?
The foundation states that its mission is to operate as a supporting organization to public and private colleges and universities in Arkansas and community foundations in Arkansas, Kansas, Missouri, Oklahoma, and Texas. Its filing describes grants for supported organizations. See mission & focus areas ↑
How do I apply for a grant from Walton Family Charitable Support Foundation Inc?
Walton Family Charitable Support Foundation Inc has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Walton Family Charitable Support Foundation Inc's EIN?
Walton Family Charitable Support Foundation Inc's EIN (Employer Identification Number) is 58-1766770. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
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