Walton Foundation Reveals Another $403M Invested in Crystal Bridges

by Jan Cottingham  on Friday, Sep. 23, 2011 2:54 pm  

The Walton Family Foundation on Friday announced that in 2010 it had spent more than $1.2 billion on Crystal Bridges Museum of American Art in Bentonville, $403 million more than had been previously revealed to the public.

The announcement came in a news release detailing the foundation's giving not only to the museum but to causes such as education reform and various programs in northwest Arkansas and the Delta.

The foundation had announced in May the creation of an $800 million endowment for the museum for operations, art acquisitions and future capital improvements. Friday's release said, "Also in 2010, the foundation made grants to the museum of $403 million for artwork, general operating expenses and construction."

A headline in the news release put the total given to Crystal Bridges in 2010 at $1,203,290,308.

Alice Walton, the only daughter of Wal-Mart founder Sam Walton, has spearheaded the establishment of the museum, scheduled to open on Nov. 11. The museum is expected to feature one of the greatest collections of American art in the world.

On Wednesday, the Willard and Pat Walker Charitable Foundation announced that it had donated $10 million to cover the costs of school groups visiting the museum.

In addition to the museum grants, the foundation on Friday said it had given $15.2 million to education reform in the state, $24.9 million to various initiatives in northwest Arkansas such as economic development and infrastructure, and $5.6 million to the Delta region of Arkansas and Mississippi.

For details of the foundation's giving, click here.



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