Walton Family Foundation

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Formation1987; 39 years ago (1987)
Founders
Founded atBentonville, Arkansas, US
Walton Family Foundation
Formation1987; 39 years ago (1987)
Founders
Founded atBentonville, Arkansas, US
TypeNonprofit
Legal statusFoundation
FocusPhilanthropy supporting environmental and education causes, and economic development in Northwest Arkansas and the Arkansas-Mississippi delta.
Location(s)
Executive Director
Stephanie Cornell
Alice Proietti (chairwoman), Carrie Walton Penner, Lukas Walton, Tom Walton
Websitewaltonfamilyfoundation.org

Walton Family Foundation is an American private foundation and the main philanthropic organization of the Walton family. It was created in 1987 by Walmart founder Sam Walton and his wife Helen Walton. As of 2023, the foundation's giving focuses on environmental and educational causes, as well as supporting communities in Northwest Arkansas and the Arkansas-Mississippi Delta. The board of directors includes four members of the Walton family, and Stephanie Cornell serves as the foundation's executive director.

Leadership

Sam and Helen Walton created the Walton Family Foundation in 1987 with $1,000.[1][2] Upon Sam Walton's death in 1992, he gave the foundation $172 million through a trust.[2] The foundation focuses on education (including charter schools), environmental conservation, and supporting communities in its home region, which it defines as Northwest Arkansas and the Delta region of Arkansas and Mississippi.[3][4][5] The foundation has offices in Bentonville, Arkansas, Denver, Colorado, Jersey City, New Jersey, and Washington D.C.[6]

In February 2016, the Waltons decided to downsize the foundation's board from 22 to a few members of the family.[7] As of 2023, the board members are: Annie Proietti (chairwoman), Carrie Walton Penner, Lukas Walton, and Tom Walton.[8] In September 2019, Caryl M. Stern succeeded Kyle Peterson as the foundation's executive director, effective January 2020.[9] Stern announced she was leaving the foundation in October, 2022.[10] She was succeeded by Stephanie Cornell.[11]

Funding and activities

References

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