Walton Family Foundation Board Chair Carrie Walton Penner reported that Caryl M. Stern has been named the foundation’s new executive director.
“Caryl’s incredible record of leadership and service makes her the perfect choice for the Walton Family Foundation,” said Penner. “We are excited to have her join us in making a difference for those we serve.”
Stern’s selection follows an extensive nationwide search by the foundation’s board, comprising members of the Walton family. The search focused on finding a leader “with a passion for improving individual lives today and a commitment to creating lasting change for the future.”
“It is an honor to become a part of the critical work of the Walton Family Foundation,” Stern said. “For decades, the foundation has focused on addressing some of the biggest challenges of our time. Guided by family leadership combined with staff expertise and a committed grantee network, the Walton Family Foundation is creating meaningful change in individual lives and in communities.”
Stern has more than 30 years in the nonprofit sector as a child advocate and civil rights activist, most recently serving for 12 years as president and CEO of UNICEF USA. In that role, she led the day-to-day work of the organization’s national office and 10 regional offices. In addition to other roles at UNICEF USA, Stern served as COO and senior associate national director for the Anti-Defamation League. She is the author of “I Believe in Zero,” a book of stories from her travels that lead to powerful and sometimes counterintuitive lessons about life.
“Caryl’s experience in education, the impacts of environmental issues and economic development gives her keen insight into the Walton Family Foundation’s strategic programs and vision,” said Penner. “With a track record of working across sectors, including government, business and philanthropy, as well as leading complex organizations dealing with complicated issues, she is an ideal choice as the foundation looks to solutions from all over to address some of society’s most daunting challenges.”
Stern will begin her role with the foundation in January 2020 and will be based in the foundation’s Bentonville, Arkansas, office. In her role as executive director, she will head the private foundation with grants totaling more than $595 million in 2018 and will oversee efforts to improve K-12 education for all students, protect oceans and rivers and improve quality of life in the foundation’s home region. She will lead a 100-person staff with offices in Bentonville, Denver, Jersey City, New Jersey and Washington, D.C.
