Sam, Helen, and their four children Rob, John, Jim and Alice were all partners of the company per the legal documents.

The charities would get a minority interest in WEI, so that the stock voting rights remained under the control of the family.

By turning over ownership of 80% children so early on with the remaining going to charities, substantial gift or inheritance taxes were avoided.

It supported "private foundation reforms to create new incentives for charitable giving" and did not involve "the specific issue of repealing the estate tax.

However this did not change the family's total percentage of Walmart ownership which was about half of its outstanding shares.

It commenced operations in 2020 a few months before WEI transferred some Walmart shares to the Walton Family Holdings Trust.