Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
THE ASHTON FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)199 NORTH 290 WESTROOM/SUITE 100Room/suite
City or town, state, and ZIP code
LINDON, UT84042
A Employer identification number

87-0480108
B Telephone number (see page 10 of the instructions)

(801) 226-1266
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$12,562,135J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 19,972 19,972  
4 Dividends and interest from securities...... 138,819 138,819  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 4,060
b Gross sales price for all assets on line 6a 304,060
7 Capital gain net income (from Part IV, line 2)... 4,060
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 42 42  
12 Total. Add lines 1 through 11........ 162,893 162,893  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 40,500      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 15,692 15,692    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 586 586    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 38,549 38,549    
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 13,327 13,327    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 108,654 68,154   0
25 Contributions, gifts, grants paid........ 757,236 757,236
26 Total expenses and disbursements. Add lines 24 and 25 865,890 68,154   757,236
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -702,997
b Net investment income (if negative, enter -0-) 94,739
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 2,931 6,937 6,937
2 Savings and temporary cash investments.......... 1,686,877 1,275,552 1,275,552
3 Accounts receivable bullet959
Less: allowance for doubtful accounts bullet   3,500 959 959
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet7,546,794
Less: allowance for doubtful accounts bullet   7,546,794 Click to see attachment7,546,794 7,546,794
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 3,591,863 Click to see attachment3,611,776 3,731,893
c Investments—corporate bonds (attach schedule)........ 313,050    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,145,015 12,442,018 12,562,135
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 13,145,015 12,442,018
30 Total net assets or fund balances (see page 17 of the
instructions).................... 13,145,015 12,442,018
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 13,145,015 12,442,018
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 13,145,015
2 Enter amount from Part I, line 27a..................... 2 -702,997
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 12,442,018
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 12,442,018
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 4,060
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 632,907 13,258,010 0.047738
2009 544,443 13,642,870 0.039907
2008 542,931 15,449,509 0.035142
2007 597,738 16,228,111 0.036833
2006 519,226 15,427,963 0.033655
2 Total of line 1, column (d) ...................... 2 0.193275
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.038655
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 12,763,168
5 Multiply line 4 by line 3....................... 5 493,360
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 947
7 Add lines 5 and 6......................... 7 494,307
8 Enter qualifying distributions from Part XII, line 4.............. 8 757,236
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 947
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 947
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 947
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 4,812
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,812
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,865
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet3,865 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletUT
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletRALPH RASMUSSEN Telephone no.bullet (801) 226-1266
    Located atbullet199 NORTH 290 WEST SUITE 100LINDONUT ZIP+4bullet84042
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    ADAM ASHTONClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    641 SOUTH PALISADE DRIVE
    OREM,UT84097
    ALAN C ASHTONClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    600 SOUTH PALISADE DRIVE
    OREM,UT84097
    ALLISON NORTONClick to see attachment TRUSTEE
    1.25     		1,500 0 0
    6026 WEST 11400 NORTH
    HIGHLAND,UT84003
    AMY JO YOUNGClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    2909 NORTH 1230 WEST
    PLEASANT GROVE,UT84062
    ANNIE ASHTONClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    641 SOUTH PALISADE DRIVE
    OREM,UT84097
    BRIGHAM ASHTONClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    946 EAST 500 SOUTH
    OREM,UT84097
    CHAD YOUNGClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    2909 NORTH 1230 WEST
    PLEASANT GROVE,UT84062
    RALPH RASMUSSENClick to see attachment DIRECTOR
    1.00     		0 0 0
    199 NORTH 290 WEST 100
    LINDON,UT84042
    ELIZABETH ASHTONClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    946 EAST 500 SOUTH
    OREM,UT84097
    EMILY ANN EDDINGTONClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    737 WEST 2490 NORTH
    PLEASANT GROVE,UT84062
    ERIN ASHTONClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    742 EAST 600 SOUTH
    OREM,UT84097
    HEATH WESTFALLClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    515 SOUTH PALISADE DRIVE
    PROVO,UT84097
    KAREN ASHTONClick to see attachment TRUSTEE
    1.25     		1,500 0 0
    600 SOUTH PALISADE DRIVE
    PROVO,UT84097
    MELISSA ASHTONClick to see attachment TRUSTEE
    1.25     		1,000 0 0
    11707 SUNRISE CIRCLE
    HIGHLAND,UT84003
    MORGAN ASHTONClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    6017 WEST BULL RIVER ROAD
    HIGHLAND,UT84003
    PAUL EDDINGTONClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    737 WEST 2490 NORTH
    PLEASANT GROVE,UT84062
    REBEKAH WESTFALLClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    515 SOUTH PALISADE DRIVE
    PROVO,UT84097
    SAMUEL ASHTONClick to see attachment TRUSTEE
    1.25     		1,000 0 0
    11707 SUNRISE CIRCLE
    HIIGHLAND,UT84003
    SPENCER ASHTONClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    974 E ROSEBROOK CIRCLE
    SANDY,UT84070
    STEPHANIE ASHTONClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    6017 WEST BULL RIVER ROAD
    HIGHLAND,UT84003
    STEPHEN ASHTONClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    742 EAST 600 SOUTH
    OREM,UT84097
    TOBY NORTONClick to see attachment TRUSTEE
    1.25     		1,500 0 0
    6036 WEST 11400 NORTH
    HIGHLAND,UT84003
    TRACI ASHTONClick to see attachment TRUSTEE
    1.25     		2,000 0 0
    974 E ROSEBROOK CIRCLE
    DRAPER,UT84020
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,922,358
    b
    Average of monthly cash balances.......................
    1b
    1,486,149
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    7,549,024
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,957,531
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    12,957,531
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    194,363
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,763,168
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    638,158
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    638,158
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    947
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    947
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    637,211
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    637,211
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    637,211
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    757,236
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    757,236
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    947
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    756,289
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 637,211
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009.......  
    e From 2010.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 757,236
    a Applied to 2010, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2011 distributable amount..... 637,211
    e Remaining amount distributed out of corpus 120,025
    5 Excess distributions carryover applied to 2011.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 120,025
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		120,025
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009....  
    d Excess from 2010....  
    e Excess from 2011.... 120,025
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    ALAN C ASHTON CO RALPH RASMUSSEN
    199 NORTH 290 WEST SUITE 100
    LINDON,UT84042
    (801) 226-1266
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN REQUEST INCLUDING EXPLANATION OF NEED
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ABILITY FOUND
    ABILITY FOUND
    5236 S GREENPINE DRIVE
    5236 S GREENPINE DRIVE
    SALT LAKE CITY,UT84123     		NOT APPLICABLE PUBLIC UNRESTRICTED 2,000
    ALPINE SCHOOL DISTRICT
    ALPINE SCHOOL DISTRICT
    575 NORTH 100 EAST
    575 NORTH 100 EAST
    AMERICAN FORK,UT84003     		NOT APPLICABLE PUBLIC UNRESTRICTED 7,100
    AMERICAN HERITAGE SCHOOL
    AMERICAN HERITAGE SCHOOL
    736 NORTH 1100 EAST
    736 NORTH 1100 EAST
    AMERICAN FORK,UT84003     		NOT APPLICABLE PUBLIC UNRESTRICTED 1,096
    AMERICAN RED CROSS
    ARC-MOUNTAIN VALLEY CHAPTER
    865 N FREEDOM BLVD
    865 N FREEDOM BLVD
    PROVO,UT84604     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    ASAYO'S WISH FOUNDATION
    ASAYO'S WISH FOUNDATION
    PO BOX 206
    PO BOX 206
    MIDVALE,UT84047     		NOT APPLICABLE PUBLIC UNRESTRICTED 12,000
    ASSISTANCE LEAGUE OF SLC
    ASSISTANCE LEAGUE OF SALT LAKE CITY
    PO BOX 9353
    PO BOX 9353
    SALT LAKE CITY,UT84109     		NOT APPLICABLE PUBLIC UNRESTRICTED 6,000
    BRIGHAM YOUNG UNIVERSITY
    BRIGHAM YOUNG UNIVERSITY
    PO BOX 410455
    PO BOX 410455
    SALT LAKE CITY,UT84141     		NOT APPLICABLE PUBLIC UNRESTRICTED 19,200
    CARE FOR LIFE
    CARE FOR LIFE
    3850 E BASELINE RD
    SUITE 114
    MESA,AZ85206     		NOT APPLICABLE PUBLIC UNRESTRICTED 20,000
    CENTER FOR WOMEN & CHILDREN CRISIS
    CENTER FOR WOMEN & CHILDREN IN CRISIS
    1433 EAST 840 NORTH
    1433 EAST 840 NORTH
    OREM,UT84097     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    LDS CHURCH
    THE CHURCH OF JESUS CHRIST OF LATTER DAY SAINTS
    15 EAST SOUTH TEMPLE
    15 EAST SOUTH TEMPLE
    SALT LAKE CITY,UT84150     		NOT APPLICABLE PUBLIC UNRESTRICTED 92,793
    CITY OF OREM
    TIMPANOGOS STORYTELLING FESTIVAL
    58 NORTH STATE STREET
    58 NORTH STATE STREET
    OREM,UT84057     		NOT APPLICABLE PUBLIC UNRESTRICTED 25,000
    COMMUNITY HEALTH CONNECT
    COMMUNITY HEALTH CONNECT
    591 SOUT STATE STREET
    591 SOUTH STATE STREET
    PROVO,UT84606     		NOT APPLICABLE PUBLIC UNRESTRICTED 4,000
    COMMUNITY NURSING SERVICE
    COMMUNITY NURSING SERVICES
    383 WEST VINE STREET 300
    383 WEST VINE STREET 300
    MURRAY,UT84123     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    COMMUNITY PRESBYTERIAN CHURCH
    COMMUNITY PRESBYTERIAN CHURCH
    75 NORTH 100 EAST
    75 NORTH 100 EAST
    AMERICAN FORK,UT84003     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    CROSSROADS URBAN CENTER
    CROSSROADS URBAN CENTER
    347 SOUTH 400 EAST
    347 SOUTH 400 EAST
    SALT LAKE CITY,UT84111     		NOT APPLICABLE PUBLIC UNRESTRICTED 7,500
    DESERET INTERNATIONAL FOUNDATION
    DESERET INTERNATIONAL FOUNDATION
    1282 E CAMBRIDGE COURT
    1282 E CAMBRIDGE COURT
    PROVO,UT84604     		NOT APPLICABLE PUBLIC UNRESTRICTED 7,000
    ENGLISH SKILLS LEARNING CENTER
    ENGLISH SKILLS LEARNING CENTER
    631 W NORTH TEMPLE
    SUITE 70
    SALT LAKE CITY,UT84116     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    ENTERPRISE MENTORS INTERNATIONAL
    ENTERPRISE MENTORS INTERNATIONAL
    13751 E WADSWORTH PARK DR
    SUITE 120
    DRAPER,UT84020     		NOT APPLICABLE PUBLIC UNRESTRICTED 15,000
    EYE CARE FOR KIDS
    EYE CARE FOR KIDS FOUNDATION
    6911 SOUTH STATE STREET
    6911 SOUTH STATE STREET
    MIDVALE,UT84047     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    FAMILY SUPPORT
    FAMILY SUPPORT AND TREATMENT CENTER
    1255 NORTH 1200 WEST
    1255 NORTH 1200 WEST
    OREM,UT84057     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    FAMILY SUPPORT CENTER
    FAMILY SUPPORT CENTER OF CENTRAL UTAH
    58 EAST 300 NORTH
    58 EAST 300 NORTH
    RICHFIELD,UT84701     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    FIGHT THE NEW DRUG
    FIGHT THE NEW DRUG
    367 WEST 1600 SOUTH
    367 WEST 1600 SOUTH
    SALT LAKE CITY,UT84115     		NOT APPLICABLE PUBLIC UNRESTRICTED 9,000
    FOOD & CARE COALITION
    THE FOOD & CARE COALITION
    299 EAST 900 SOUTH
    299 EAST 900 SOUTH
    PROVO,UT84606     		NOT APPLICABLE PUBLIC UNRESTRICTED 25,000
    FRIDAY KIDS RESPITE
    FRIDAY KIDS RESPITE
    475 WEST 260 NORTH
    475 WEST 260 NORTH
    OREM,UT84057     		NOT APPLICABLE PUBLIC UNRESTRICTED 2,000
    FRIENDS FOR SIGHT
    FRIENDS FOR SIGHT
    661 SOUTH 200 EAST
    661 SOUTH 200 EAST
    SALT LAKE CITY,UT84111     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    FRIENDS OF THE CHILDREN
    FRIENDS OF THE CHILDREN'S JUSTICE CENTER-UT COUNTY
    315 SOUTH 100 EAST
    315 SOUTH 100 EAST
    PROVO,UT84606     		NOT APPLICABLE PUBLIC UNRESTRICTED 7,000
    GOING BEYOND BORDERS
    GOING BEYOND BORDERS
    6036 WEST 11400 NORTH
    6036 WEST 11400 NORTH
    HIGHLAND,UT84003     		NOT APPLICABLE PUBLIC UNRESTRICTED 250
    GUADALUPE SCHOOLS
    GUADALUPE SCHOOLS
    340 SOUTH GOSHEN STREET
    340 SOUTH GOSHEN STREET
    SALT LAKE CITY,UT84104     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    HALE CENTER THEATER
    HALE CENTER THEATER
    3333 SOUTH DECKER LAKE DR
    3333 SOUTH DECKER LAKE DR
    WEST VALLEY CITY,UT84119     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    JACOB GUENTHER
    199 NORTH 290 WEST 100
    199 NORTH 290 WEST 100
    LINDON,UT84042     		NOT APPLICABLE INDIVIDUAL HOUSING, FOOD & MEDICAL 1,800
    JORDAN EDUCATION FOUND
    JORDAN EDUCATION FOUNDATION
    7387 CAMPUS VIEW DRIVE
    7387 CAMPUS VIEW DRIVE
    WEST JORDAN,UT84084     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    JUNIOR LEAGUE
    JUNIOR LEAGUE OF SALT LAKE CITY
    526 EAST 300 SOUTH
    526 EAST 300 SOUTH
    SALT LAKE CITY,UT84102     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    KIDS ON THE MOVE
    KIDS ON THE MOVE
    475 WEST 260 NORTH
    475 WEST 260 NORTH
    OREM,UT84057     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    LITTLE SISTERS FUND INC
    C/O BECKER CHAMBERS ACCOUNTING
    PO BOX 909
    PO BOX 909
    HAILEY,ID83333     		NOT APPLICABLE PUBLIC UNRESTRICTED 4,500
    LONE PEAK HIGH SCHOOL
    LONE PEAK HIGH SCHOOL
    10189 NORTH 4800 WEST
    10189 NORTH 4800 WEST
    HIGHLAND,UT84003     		NOT APPLICABLE PUBLIC UNRESTRICTED 2,000
    MOUNTAINLANDS COMMUNITIY HEALTH
    MOUNTAINLANDS COMMUNITY HEALTH CENTER
    589 SOUTH STATE STREET
    589 SOUTH STATE STREET
    PROVO,UT84606     		NOT APPLICABLE PUBLIC UNRESTRICTED 8,000
    MOUNTAINVILLE 4TH WARD
    MOUNTAINVILLE 4TH WARD
    447 FORT CIRCLE
    447 FORT CIRCLE
    ALPINE,UT84004     		NOT APPLICABLE PUBLIC UNRESTRICTED 2,250
    MOUNTAINVILLE ACADEMY
    MOUNTAINVILLE ACADEMY
    195 SOUTH MAIN STREET
    195 SOUTH MAIN STREET
    ALPINE,UT84004     		NOT APPLICABLE PUBLIC UNRESTRICTED 8,000
    NEIGHBORHOOD HOUSE
    NEIGHBORHOOD HOUSE
    1050 WEST 500 SOUTH
    1050 WEST 500 SOUTH
    SALT LAKE CITY,UT84104     		NOT APPLICABLE PUBLIC UNRESTRICTED 4,000
    NOWPLAYINGUTAHCOM
    UTAH ARTS & CULTURAL COALITION
    175 SOUTH WEST TEMPLE
    175 S WEST TEMPLE 155
    SALT LAKE CITY,UT84101     		NOT APPLICABLE PUBLIC UNRESTRICTED 1,000
    ONE HEART WORLD-WIDE
    ONE HEART WORLD-WIDE
    1818 PACHECO STREET
    1818 PACHECO STREET
    SAN FRANCISCO,CA94116     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    OPERATION SMILE
    OPERATION SMILE
    6435 TIDEWATER DRIVE
    6435 TIDEWATER DRIVE
    NORFOLK,VA23509     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    OUELESSEBOUGOU ALLIANCE
    OUELESSEBOUGOU ALLIANCE
    10 WEST 100 SOUTH 605
    10 WEST 100 SOUTH 605
    SALT LAKE CITY,UT84101     		NOT APPLICABLE PUBLIC UNRESTRICTED 6,000
    PREGNANCY CARE CENTER
    PREGNANCY CARE CENTER OF GRANTS PASS
    PO BOX 5040
    PO BOX 5040
    GRANTS PASS,OR97527     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    PREVENT CHILD ABUSE UTAH
    PREVENT CHILD ABUSE UTAH
    2955 HARRISON BLVD 104
    2955 HARRISON BLVD 104
    OGDEN,UT84403     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    PRIMARY CHILDREN'S MED
    PRIMARY CHILDREN'S MEDICAL CENTER FOUNDATION
    100 NORTH MARIO CAPECCHI
    100 NORTH MARIO CAPECCHI
    SALT LAKE CITY,UT84113     		NOT APPLICABLE PUBLIC UNRESTRICTED 65,891
    PROVO SCHOOL DISTRICT
    PROVO SCHOOL DISTRICT FOUNDATION
    280 WEST 940 NORTH
    280 WEST 940 NORTH
    PROVO,UT84604     		NOT APPLICABLE PUBLIC UNRESTRICTED 1,500
    REFUGEE & IMMIGRANT CENTER
    ASIAN ASSOCIATION OF UTAH
    1588 S MAJOR STREET
    1588 S MAJOR STREET
    SALT LAKE CITY,UT84115     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    ROBT H & KATHERINE GARFF FOUND
    ROAD TO SUCCESS
    405 SOUTH MAIN STREET
    SUITE 1200
    SALT LAKE CITY,UT84111     		NOT APPLICABLE PUBLIC UNRESTRICTED 20,000
    RONALD MCDONALD HOUSE
    RONALD MCDONALD HOUSE CHARITIES
    1135 EAST SOUTH TEMPLE
    1135 EAST SOUTH TEMPLE
    SALT LAKE CITY,UT84102     		NOT APPLICABLE PUBLIC UNRESTRICTED 10,000
    SARAH DAFT HOME
    SARAH DAFT HOME
    737 SOUTH 1300 EAST
    737 SOUTH 1300 EAST
    SALT LAKE CITY,UT84102     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    SL SEXUAL ASSAULT NURSE
    SALT LAKE SEXUAL ASSAULT NURSE EXAMINERS
    2035 SOUTH 1300 EAST
    2035 SOUTH 1300 EAST
    SALT LAKE CITY,UT84105     		NOT APPLICABLE PUBLIC UNRESTRICTED 6,000
    SIONFONDS FOR HAITI
    SIONFONDS FOR HAITI
    PO BOX 79
    PO BOX 79
    CANYON,CA94516     		NOT APPLICABLE PUBLIC UNRESTRICTED 16,000
    SPECIAL OLYMPICS UTAH
    SPECIAL OLYMPICS UTAH
    243 EAST 400 SOUTH 111
    243 EAST 400 SOUTH 111
    SALT LAKE CITY,UT84111     		NOT APPLICABLE PUBLIC UNRESTRICTED 2,000
    THE DESERET FOUNDATION
    THE DESERET FOUNDATION
    5848 SOUTH FASHION BLVD
    5848 SOUTH FASHION BLVD
    MURRAY,UT84107     		NOT APPLICABLE PUBLIC UNRESTRICTED 28,706
    THE HAPPY FACTORY
    THE HAPPY FACTORY
    896 NORTH 2175 WEST CIR
    896 NORTH 2175 WEST CIR
    CEDAR CITY,UT84721     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    THE HEART & LUNG RESEARCH FOUND
    C/O INTERMOUNTAIN RESEARCH & MEDICAL CENTER
    8TH AVENUE AND C STREET
    8TH AVENUE C STREET
    SALT LAKE CITY,UT84143     		NOT APPLICABLE PUBLIC UNRESTRICTED 10,000
    THE LIFE I CHOOSEORG
    BEHAVIOR RESEARCH FOR CHANGE
    PO BOX 1273
    PO BOX 1273
    DRAPER,UT84020     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    THE ROAD HOME
    THE ROAD HOME
    210 SOUTH RIO GRANDE ST
    210 SOUTH RIO GRANDE ST
    SALT LAKE CITY,UT84101     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    TINY TIM'S FOUNDATION
    TINY TIM'S FOUNDATION FOR KIDS
    1423 WEST 8120 SOUTH
    1423 WEST 8120 SOUTH
    WEST JORDAN,UT84088     		NOT APPLICABLE PUBLIC UNRESTRICTED 2,500
    NAMI-UTAH ALLIANCE
    NAMI-UTAH ALLIANCE FOR THE MENTALLY ILL
    309 EAST 100 SOUTH
    309 EAST 100 SOUTH
    SALT LAKE CITY,UT84111     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    UNIVERSITY OF UTAH
    DEVELOPMENT OFFICE
    201 PRESIDENTS CIRCLE
    ROOM 304
    SALT LAKE CITY,UT84112     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    UT COUNCIL FOR THE BLIND
    UTAH COUNCIL FOR THE BLIND
    1301 WEST 500 SOUTH
    1301 WEST 500 SOUTH
    WOODS CROSS,UT84087     		NOT APPLICABLE PUBLIC UNRESTRICTED 2,000
    UTAH COUNTY CRISIS LINE
    UTAH COUNTY CRISIS LINE
    1433 EAST 840 NORTH
    1433 EAST 840 NORTH
    OREM,UT84097     		NOT APPLICABLE PUBLIC UNRESTRICTED 2,000
    UTAH FOOD BANK
    UTAH FOOD BANK
    3150 SOUTH 900 WEST
    3150 SOUTH 900 WEST
    SALT LAKE CITY,UT84119     		NOT APPLICABLE PUBLIC UNRESTRICTED 10,000
    UT PARTNERS FOR HEALTH
    UTAH PARTNERS FOR HEALTH
    3665 SOUTH 8400 WEST
    3665 SOUTH 8400 WEST
    MAGNA,UT84044     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    UTAH VALLEY HEALTHCARE FOUNDATION
    UTAH VALLEY HEALTHCARE FOUNDATION
    1034 NORTH 500 WEST
    1034 NORTH 500 WEST
    PROVO,UT84604     		NOT APPLICABLE PUBLIC UNRESTRICTED 20,600
    UTAH YOUTH VILLAGE
    UTAH YOUTH VILLAGE
    5800 SOUTH HIGHLAND DRIVE
    5800 SOUTH HIGHLAND DRIVE
    SALT LAKE CITY,UT84121     		NOT APPLICABLE PUBLIC UNRESTRICTED 2,000
    VOLUNTEERS OF AMERICA
    VOLUNTEERS OF AMERICA
    511 WEST 200 SOUTH 160
    511 WEST 200 SOUTH 160
    SALT LAKE CITY,UT84101     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    WEBER ST STORYTELLING
    WEBER STATE STORYTELLING FESTIVAL
    1304 UNIVERSITY CIRCLE
    1304 UNIVERSITY CIRCLE
    OGDEN,UT84408     		NOTAPPLICABLE PUBLIC UNRESTRICTED 3,000
    WOMEN WHO CARE MINISTRIES
    WOMEN WHO CARE MINISTRIES
    19634 CLUB HOUSE ROAD
    19634 CLUB HOUSE ROAD
    MONTGOMERY VILLAGE,MD20886     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    YOUR HEALTH YOUR CHOICE FOUNDATION
    YOUR HEALTH YOUR CHOICE FOUNDATION
    1812 W SUNSET BLVD
    SUITE 1-207
    ST GEORGE,UT84770     		NOT APPLICABLE PUBLIC UNRESTRICTED 9,950
    ZAMBIA'S SCHOLARSHIP
    ZAMBIA'S SCHOLASHIP FOUNDATION
    PO BOX 515
    PO BOX 515
    BRIGHAM CITY,UT84302     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,600
    MORE GOOD FOUNDATION
    MORE GOOD FOUNDATION
    1569 N TECHNOLOGY WAY BLD
    1569 N TECHNOLOGY WAY BLD
    OREM,UT84097     		NOT APPLICABLE PUBLIC UNRESTRICTED 120,000
    Total .................................bullet 3a 757,236
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 19,972  
    4 Dividends and interest from securities....     14 138,819  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     14 4,060  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aPROCEEDS FROM CLASS ACTIONS     14 42  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   162,893  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13162,893
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2011)
    Additional Data


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    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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    TY 2011 AmortizationSchedule
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN: 87-0480108
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    BOND PREMIUMS 2006-01-26 300,000     13,050 13,050   13,050

    TY 2011 CompensationExplanation
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN: 87-0480108
    Person Name Explanation
    ADAM ASHTON  
    ALAN C ASHTON  
    ALLISON NORTON  
    AMY JO YOUNG  
    ANNIE ASHTON  
    BRIGHAM ASHTON  
    CHAD YOUNG  
    RALPH RASMUSSEN  
    ELIZABETH ASHTON  
    EMILY ANN EDDINGTON  
    ERIN ASHTON  
    HEATH WESTFALL  
    KAREN ASHTON  
    MELISSA ASHTON  
    MORGAN ASHTON  
    PAUL EDDINGTON  
    REBEKAH WESTFALL  
    SAMUEL ASHTON  
    SPENCER ASHTON  
    STEPHANIE ASHTON  
    STEPHEN ASHTON  
    TOBY NORTON  
    TRACI ASHTON  

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    TY 2011 GainLossSaleOtherAssetsSch
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN: 87-0480108
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    FEDERAL HOME LN MTG CORP 2006-01 PURCHASE 2011-09   300,000 300,000        

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN: 87-0480108
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FED HM LN MG CP GN'S    

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN: 87-0480108
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AFLAC INC 137,671 133,121
    BANK OF AMERICA CORP 141,935 17,459
    BERKSHIRE HATH CL B 108,191 186,935
    CONOCOPHILLIPS 147,379 167,382
    HOME DEPOT, INC. 120,572 151,952
    HONEYWELL INTL INC 117,375 135,875
    INTEL CORP. 123,104 97,718
    ISHARES BARCLAYS AGGREGATE BD FUND 259,330 281,138
    ISHARES BARCLAYS TIPS PROTECTED 259,538 300,477
    JP MORGAN HI YLD SELC CL 267,302 308,819
    LOOMIS SAYLES STRATEGIC INC FD CL Y 420,008 523,187
    LORD ABB MC VI CL A 319,355 303,309
    MICROSOFT CORP 182,303 178,319
    PUTNAM HIGH YIELD ADVANTAGE FD 260,000 310,719
    STANDARD & POORS DEP RECPT 108,359 125,500
    THORNBURG INTERNATIONAL VALUE 361,523 266,215
    UNITEDHEALTH GROUP 131,984 115,394
    WELLS FARGO & CO 145,847 128,374

    TY 2011 OtherExpensesSchedule
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN: 87-0480108
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    OFFICE EXPENSES 277 277    


    TY 2011 OtherIncomeSchedule2
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN: 87-0480108
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PROCEEDS FROM CLASS ACTIONS 42 42  


    TY 2011 OtherNotesLoansRcvblShortSch2
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN: 87-0480108
    Name of 501(c)(3) Organization Balance Due
    NOTES RECEIVABLE
          		7,546,794


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN: 87-0480108
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 15,692 15,692    


    TY 2011 TaxesSchedule
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN: 87-0480108
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 586 586