Wal-Mart Foundation
- Assets
- $30.3m
- Revenue
- $132.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Bentonville, AR
- Founding
- 11/2006
- Data as of
- 01/2024
- EIN
- 20-5639919
Organization Overview
Wal-Mart Foundation is located in Bentonville, AR. The organization was established in 2006. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wal-Mart Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 01/2024, Wal-Mart Foundation generated $132.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $132.5m during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wal-Mart Foundation has awarded 2,975 individual grants totaling $686,879,405. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION SCHOLARSHIPS: THE WAL-MART FOUNDATION SERVED 361 ASSOCIATES & ASSOCIATE DEPENDENTS IN FY23. SEE STATEMENT 9.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Bartlett Director | 0.23 | $0 | |
Kathleen Mclaughlin President | 6 | $0 | |
Doug Mcmillon Chairman | 0.23 | $0 | |
Rachel Brand Director | 0.23 | $0 | |
Eduardo DE La Garza Director | 0.23 | $0 | |
Anshu Bhardwaj Director | 0.23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $131,759,812 |
| Interest on Savings | $242,636 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,389 |
| Total Revenue | $132,015,837 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,388,120 |
| Total operating and administrative expenses | $1,388,120 |
| Contributions, gifts, grants paid | $131,129,959 |
| Total expenses and disbursements | $132,518,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,191,523 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $9,663,877 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,427,454 |
| Total assets | $30,282,854 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $7,750,998 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,750,998 |
Grants Awarded
Over the last fiscal year, Wal-Mart Foundation has awarded $131,620,851 in support to 178 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY TREE INC PURPOSE: NORTHWEST ARKANSAS | $75,000 |
AMALGAMATED CHARITABLE FOUNDATION INC PURPOSE: RACIAL SOLIDARITY | $750,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: DISASTER RELIEF AND PREPAREDNESS | $150,000 |
99 BALLOONS INC PURPOSE: NORTHWEST ARKANSAS | $90,000 |
APPLE SEEDS INC PURPOSE: NORTHWEST ARKANSAS | $82,750 |
ACCELERATING CIRCULARITY INC PURPOSE: WASTE | $1,500,000 |