Jan. 15 (Bloomberg) -- The New-York Historical Society yesterday named Alice L. Walton, the daughter of late Wal-Mart Inc. founder Sam Walton, to its board of directors.

Walton was ranked No. 15 on Forbes magazine's 2007 list of the richest people in the U.S., with assets of $16 billion. She is president of the Crystal Bridges Museum of American Art, which is scheduled to open in Bentonville, Arkansas, in 2010, the same year her tenure on the New York museum's board will end.

The Historical Society named four others to the board: philanthropist and history teacher Helen Appel; Ira Lipman, chairman of security company Guardsmark LLC; Carl Menges, retired vice chairman of Donaldson, Lufkin & Jenrette; and Bruce Mosler, chief executive of Cushman & Wakefield, the real estate services company.

Founded in 1804, the society is New York's oldest museum.

To contact the reporter on this story: Philip Boroff in New York at pboroff@bloomberg.net

Last Updated: January 15, 2008 00:03 EST