Wal-Mart Foundation
- Assets
- $25.5m
- Revenue
- $131.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Bentonville, AR
- Founding
- 11/2006
- Data as of
- 01/2022
- 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 01/2022, Wal-Mart Foundation generated $131.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $129.0m during the year ending 01/2022. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wal-Mart Foundation has awarded 2,614 individual grants totaling $421,889,242. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION SCHOLARSHIPS: THE WAL-MART FOUNDATION SERVED 1,000 ASSOCIATES & ASSOCIATE DEPENDENTS IN FY21. SEE STATEMENT 9.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Bartlett Director | 0.23 | $0 | |
Brett Biggs Director | 0.23 | $0 | |
Doug Mcmillon Chairman | 0.23 | $0 | |
Kathleen Mclaughlin President | 6.75 | $0 | |
Rachel Brand Director | 0.23 | $0 | |
Susan Muigai End 10262021 Director | 0.23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $130,049,726 |
| Interest on Savings | $5,185 |
| 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 | $920,427 |
| Total Revenue | $130,975,338 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $129,006,429 |
| Total expenses and disbursements | $129,006,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,105 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $12,585,216 |
| 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 | $12,892,257 |
| Total assets | $25,504,578 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,740,581 |
| 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 | $3,740,581 |
Grants Awarded
Over the last fiscal year, Wal-Mart Foundation has awarded $129,623,200 in support to 819 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: HEALTHIER FOOD FOR ALL | $6,309,151 |
HEIFER INTERNATIONAL PURPOSE: PEOPLE IN SUPPLY CHAINS | $3,870,000 |
THE NATIONAL COUNCIL OF YOUNG MEN'S CHRISTIAN ASSOCIATIONS OF THE UNITED ST PURPOSE: HEALTHIER FOOD FOR ALL | $3,513,188 |
Arlington, VA PURPOSE: PEOPLE IN SUPPLY CHAINS | $3,500,000 |
Chevy Chase, MD PURPOSE: HEALTHIER FOOD FOR ALL | $2,501,472 |
Philadelphia, PA PURPOSE: HEALTHIER FOOD FOR ALL | $2,500,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wal-Mart Foundation has recieved totaling $1,015,000.
| Awarding Organization | Amount |
|---|---|
North Valley Community Foundation Chico, CA PURPOSE: GENERAL SUPPORT | $1,000,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: PUBLIC/SOCIETY BENEFIT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wal-Mart Foundation Bentonville, AR | $25,504,578 | $130,975,338 |
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Harold Hamm Foundation Oklahoma City, OK | $15,100,240 | $36,211,204 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Hildebrand Foundation Houston, TX | $114,322,883 | $23,614,226 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Carl A Davis And Lois E Davis Foundation Houston, TX | $0 | $544,470 |
Blue Cross & Blue Shield Of Mississippi Foundation Flowood, MS | $119,611,651 | $5,854,084 |
Hirsch Family Foundation Dallas, TX | $52,981,348 | $34,969,949 |
Entergy Charitable Foundation New Orleans, LA | $10,718,766 | $2,697,786 |
Smith Family Foundation Austin, TX | $2,063,167 | $8,401,265 |
Nancy Smith Hurd Foundation Tr San Antonio, TX | $73,883,656 | $7,181,888 |