Friday, September 23, 2011

Walton Foundation gives $1.2 billion to Crystal Bridges

Posted By on Fri, Sep 23, 2011 at 11:51 AM

The Walton Family Foundation announced today that it had given an additional $403.29 million in 2010 to the Crystal Bridges Museum of American Art in Bentonville for acquisitions, construction costs and other expenses. This is on top of $800 million announced earlier in 2010 grants for an endowment for the museum, founded by Alice Walton. She's the daughter of Sam Walton, whose Walmart fortune created the foundation.

There's more where that came from. Amounts given in 2010 don't include the $661 $411 million given earlier by the Walton Family Foundation and Helen (Mrs. Sam) Walton. A number of other significant gifts have been made, including the recent announcement of $10 million from the Willard and Pat Walker Foundation to pay expenses of school visits to the museum. Walmart gave $20 million for free admission for all over five years. (Not restricted to children as I originally wrote.)

The museum is to open Nov. 11.

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