Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
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 WEST 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LINDON, UT84042
A Employer identification number

87-0480108
B Telephone number (see instructions)

(801) 226-1266
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$2,687,874J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 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) 1,705,325
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 85 85  
4 Dividends and interest from securities... 101,108 101,108  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 34,074
b Gross sales price for all assets on line 6a 2,994,575
7 Capital gain net income (from Part IV, line 2)... 34,074
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 6,009 6,009  
12 Total. Add lines 1 through 11........ 1,846,601 141,276  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 44,000     44,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,449 612   1,837
c Other professional fees (attach schedule).... Click to see attachment 32,787 30,242   2,545
17 Interest............... 5 5    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,409 1,159    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 102,317     102,317
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,717 1,572   145
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 186,684 33,590   150,844
25 Contributions, gifts, grants paid....... 1,860,436 1,860,436
26 Total expenses and disbursements. Add lines 24 and 25 2,047,120 33,590   2,011,280
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -200,519
b Net investment income (if negative, enter -0-) 107,686
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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 Savings and temporary cash investments......... 135,926 186,551 186,551
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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 instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
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)....... 2,825,628 Click to see attachment2,574,484 2,479,344
c Investments—corporate bonds (attach schedule).......      
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) Click to see attachment21,979 Click to see attachment21,979 Click to see attachment21,979
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,983,533 2,783,014 2,687,874
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 2,983,533 2,783,014
30 Total net assets or fund balances (see instructions)..... 2,983,533 2,783,014
31 Total liabilities and net assets/fund balances (see instructions). 2,983,533 2,783,014
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
2,983,533
2
Enter amount from Part I, line 27a .....................
2
-200,519
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
2,783,014
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
2,783,014
Form 990-PF (2015)
Form 990-PF (2015)
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.)
1 a PUBLICLY TRADED SECURITIES P   2015-12-31
b PUBLICLY TRADED SECURITIES P   2015-12-31
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 2,976,229   2,960,501 15,728
b 10     10
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       15,728
b       10
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 34,074
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 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 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))
2014 8,834,482 3,648,467 2.421423
2013 1,097,541 11,798,029 0.093027
2012 818,282 12,195,760 0.067096
2011 756,289 12,763,168 0.059256
2010 632,907 13,258,010 0.047738
2
Total of line 1, column (d) .....................
22.688540
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
0.537708
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
2,862,812
5
Multiply line 4 by line 3......................
5
1,539,357
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,077
7
Add lines 5 and 6........................
7
1,540,434
8
Enter qualifying distributions from Part XII, line 4.............
8
2,011,280
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.
Form 990-PF (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,077
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 1,077
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 1,077
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 2,504
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 2,504
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 1,427
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,427 RefundedBullet 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 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 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 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    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. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    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 ofbulletBEESMARK INVESTMENTS 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 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    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 instructions)? ........
    1b
     
    No
    ........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 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    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 4945(d)(4)(A)? (see 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 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 (2015)
    Form 990-PF (2015)
    Page 7
    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 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 ASHTON TRUSTEE
    1.25     		2,000 0 0
    641 SOUTH PALISADE DRIVE
    OREM,UT84097
    ALAN C ASHTON TRUSTEE
    1.25     		2,000 0 0
    199 NORTH 290 WEST STE 100
    LINDON,UT84042
    ALLISON NORTON TRUSTEE
    1.00     		1,500 0 0
    6026 WEST 11400 NORTH
    HIGHLAND,UT84003
    AMY JO YOUNG TRUSTEE
    1.25     		2,000 0 0
    2909 NORTH 1230 WEST
    PLEASANT GROVE,UT84062
    ANNIE ASHTON TRUSTEE
    1.25     		2,000 0 0
    641 SOUTH PALISADE DRIVE
    OREM,UT84097
    BRIGHAM ASHTON TRUSTEE
    1.25     		2,000 0 0
    946 EAST 500 SOUTH
    OREM,UT84097
    CHAD YOUNG TRUSTEE
    1.25     		2,000 0 0
    2909 NORTH 1230 WEST
    PLEASANT GROVE,UT84062
    ELIZA SMITH TRUSTEE
    0.50     		500 0 0
    26870 REGENCY PINES DRIVE
    KINGWOOD,TX77339
    ELIZABETH ASHTON TRUSTEE
    1.25     		2,000 0 0
    946 EAST 500 SOUTH
    OREM,UT84097
    EMILY ANN EDDINGTON TRUSTEE
    1.25     		2,000 0 0
    737 WEST 2490 NORTH
    PLEASANT GROVE,UT84062
    ERIN ASHTON TRUSTEE
    1.25     		2,000 0 0
    742 EAST 600 SOUTH
    OREM,UT84097
    HEATH WESTFALL TRUSTEE
    1.25     		2,000 0 0
    515 SOUTH PALISADE DRIVE
    PROVO,UT84097
    KAREN ASHTON TRUSTEE
    1.25     		2,000 0 0
    199 NORTH 290 WEST STE 100
    LINDON,UT84042
    MELISSA ASHTON TRUSTEE
    1.25     		2,000 0 0
    11707 SUNRISE CIRCLE
    HIGHLAND,UT84003
    MICHAEL SMITH TRUSTEE
    0.50     		500 0 0
    26870 REGENCY PINES DRIVE
    KINGWOOD,TX77339
    MORGAN ASHTON TRUSTEE
    1.25     		2,000 0 0
    6017 WEST BULL RIVER ROAD
    HIGHLAND,UT84003
    PAUL EDDINGTON TRUSTEE
    1.25     		2,000 0 0
    737 WEST 2490 NORTH
    PLEASANT GROVE,UT84062
    REBEKAH WESTFALL TRUSTEE
    1.25     		2,000 0 0
    515 SOUTH PALISADE DRIVE
    PROVO,UT84097
    SAMUEL ASHTON TRUSTEE
    1.25     		2,000 0 0
    11707 SUNRISE CIRCLE
    HIIGHLAND,UT84003
    SPENCER ASHTON TRUSTEE
    1.25     		2,000 0 0
    974 E ROSEBROOK CIRCLE
    SANDY,UT84070
    STEPHANIE ASHTON TRUSTEE
    1.25     		2,000 0 0
    6017 WEST BULL RIVER ROAD
    HIGHLAND,UT84003
    STEPHEN ASHTON TRUSTEE
    1.25     		2,000 0 0
    742 EAST 600 SOUTH
    OREM,UT84097
    TOBY NORTON TRUSTEE
    1.00     		1,500 0 0
    6036 WEST 11400 NORTH
    HIGHLAND,UT84003
    TRACI ASHTON TRUSTEE
    1.25     		2,000 0 0
    974 E ROSEBROOK CIRCLE
    DRAPER,UT84020
    DAVE HARKNESS EXECUTIVE DI
    0.25     		0 0 0
    199 EAST 200 NORTH STE 100
    LINDON,UT84042
    2 Compensation of five highest-paid employees (other than those included on line 1—see 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 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  
    Part IX-B
    Summary of Program-Related Investments (see 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 instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see 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
    2,723,191
    b
    Average of monthly cash balances.......................
    1b
    161,238
    c
    Fair market value of all other assets (see instructions)................
    1c
    21,979
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,906,408
    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
    2,906,408
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    43,596
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,862,812
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    143,141
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    143,141
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,077
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,077
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    142,064
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    142,064
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    142,064
    Part XII
    Qualifying Distributions (see 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
    2,011,280
    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
    2,011,280
    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 instructions).................
    5
    1,077
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,010,203
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 142,064
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011...... 120,025
    c From 2012...... 210,618
    d From 2013...... 525,958
    e From 2014...... 8,658,651
    fTotal of lines 3a through e........ 9,515,252
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 2,011,280
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount..... 142,064
    e Remaining amount distributed out of corpus 1,869,216
    5 Excess distributions carryover applied to 2015.    
    (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 11,384,468
    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 instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		11,384,468
    10 Analysis of line 9:
    a Excess from 2011.... 120,025
    b Excess from 2012.... 210,618
    c Excess from 2013.... 525,958
    d Excess from 2014.... 8,658,651
    e Excess from 2015.... 1,869,216
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see 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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    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 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 or e-mail address of the person to whom applications should be addressed:
    ALAN C ASHTON CO DAVE HARKNESS
    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 (2015)
    Form 990-PF (2015)
    Page 11
    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
    ALPINE SCHOOL DISTRICT
    ALPINE SCHOOL DISTRICT
    575 NORTH 100 EAST
    575 NORTH 100 EAST
    AMERICAN FORK,UT84003     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    AMAR US
    AMAR US
    1616 H STREET NW
    SUITE 105
    WASHINGTON,DC20006     		NOT APPLICABLE PUBLIC UNRESTRICTED 8,000
    AMERICAN HERITAGE SCHOOL
    AMERICAN HERITAGE SCHOOL
    736 NORTH 1100 EAST
    736 NORTH 1100 EAST
    AMERICAN FORK,UT84003     		NOT APPLICABLE PUBLIC UNRESTRICTED 890
    ASSISTANCE LEAGUE OF SLC
    ASSISTANCE LEAGUE OF SALT LAKE CITY
    PO BOX 9353
    PO BOX 9353
    SALT LAKE CITY,UT84109     		NOT APPLICABLE PUBLIC UNRESTRICTED 2,500
    BIG OCEAN WOMEN
    BIG OCEAN WOMEN
    972 EAST CROSS WINDS DR
    972 EAST CROSS WINDS DR
    SPANISH FORK,UT84660     		NOT APPLICABLE PUBLIC UNRESTRICTED 1,000
    BRIGHAM YOUNG UNIVERSITY
    BRIGHAM YOUNG UNIVERSITY
    PO BOX 410455
    PO BOX 410455
    SALT LAKE CITY,UT84141     		NOT APPLICABLE PUBLIC UNRESTRICTED 142,000
    BUILDERS WITHOUT BORDERS OF UTAH
    BUILDERS WITHOUT BORDERS OF UTAH
    1051 WEST 10250 SOUTH
    1051 WEST 10250 SOUTH
    SOUTH JORDAN,UT84095     		NOT APPLICABLE PUBLIC UNRESTRICTED 2,000
    BUILDING YOUTH AROUND THE WORLD
    BUILDING YOUTH AROUND THE WORLD
    2785 W 9000 SW
    2785 W 9000 SW
    JORDAN,UT84088     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,500
    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 7,500
    COMMUNITY ACTION SERVICES OF UT COU
    COMMUNITY ACTION SERVICES OF UT COUNTY
    815 S FREEDOM BLVD 100
    815 S FREEDOM BLVD 100
    PROVO,UT84601     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    COMMUNITY HEALTH CONNECT
    COMMUNITY HEALTH CONNECT
    591 SOUTH STATE STREET
    PROVO,UT84606     		NOT APPLICABLE PUBLIC UNRESTRICTED 6,000
    CROSSROADS URBAN CENTER
    CROSSROADS URBAN CENTER
    347 SOUTH 400 EAST
    347 SOUTH 400 EAST
    SALT LAKE CITY,UT84111     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    DESERET ARTS FOUNDATION
    DESERET ARTS FOUNDATION
    PO BOX 101
    PO BOX 101
    RIVERTON,UT84065     		NOT APPLICABLE PUBLIC UNRESTRICTED 300,000
    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
    FOR THE KIDS
    FOR THE KIDS
    84 WEST 620 SOUTH
    OREM,UT84058     		NOT APPLICABLE PUBLIC UNRESTRICTED 1,500
    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 UTAH COUNTY CHILDREN'S
    FRIENDS OF UTAH COUNTY CHILDRENS JUSTICE
    315 SOUTH 100 EAST
    PROVO,UT84606     		NOT APPLICABLE PUBLIC UNRESTRICTED 2,000
    HEALING THE CHILDREN
    HEALING THE CHILDREN
    4142 WEST 105TH WAY
    4142 WEST 105TH WAY
    WESTMINSTER,CO80031     		NOT APPLICABLE PUBLIC UNRESTRICTED 2,500
    INTERMOUNTAIN RESEARCH & MEDICAL
    INTERMOUNTAIN RESEARCH & MEDICAL FOUNDATION
    36 S STATE STREET
    36 S STATE STREET
    SALT LAKE CITY,UT84111     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    INTERNATIONAL AID SERVING KIDS
    INTERNATIONAL AID SERVING KIDS
    1135 NORTH 650 EAST
    1135 NORTH 650 EAST
    OREM,UT84097     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    IVUMED
    IVUMED
    3269 S MAIN ST STE 230
    3269 S MAIN ST STE 230
    SALT LAKE CITY,UT84115     		NOT APPLICABLE PUBLIC UNRESTRICTED 2,000
    JUNIOR LEAGUE
    JUNIOR LEAGUE OF SALT LAKE CITY
    526 EAST 300 SOUTH
    526 EAST 300 SOUTH
    SALT LAKE CITY,UT84102     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    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 168,000
    LDS CHURCH
    MT MAHOGANY 4TH WARD
    50 EAST NORTH TEMPLE
    SALT LAKE CITY,UT84150     		NOT APPLICABLE PUBLIC UNRESTRICTED 1,118
    LEGAL AID SOCIETY OF SALT LAKE
    LEGAL AID SOCIETY OF SALT LAKE
    205 N 400 W
    205 N 400 W
    SALT LAKE CITY,UT84103     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    LIGHT OF THE WORLD FOUNDATION
    LIGHT OF THE WORLD FOUNDATION
    224 S MAIN STREET 501
    224 S MAIN STREET 501
    SPRINGVILLE,UT84663     		NOT APPLICABLE PUBLIC UNRESTRICTED 350,000
    LITTLE SISTERS FUND
    LITTLE SISTERS FUND
    206 E WALNUT AVE
    206 E WALNUT AVE
    HAILEY,ID83333     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    MENTORS INTERNATIONAL
    MENTORS INTERNATIONAL
    65 WADSWORTH PARK DR 207
    DRAPER,UT84020     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    MORE GOOD FOUNDATION
    MORE GOOD FOUNDATION
    1569 N TECHNOLOGY WAY BLD
    1569 N TECHNOLOGY WAY BLD
    OREM,UT84097     		NOT APPLICABLE PUBLIC UNRESTRICTED 240,000
    MOUNTAINLAND FOUNDATION
    MOUNTAINLAND FOUNDATION
    586 EAST 800 NORTH
    586 EAST 800 NORTH
    OREM,UT84097     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    MOUNTAINLANDS COMMUNITIY HEALTH
    MOUNTAINLANDS COMMUNITY HEALTH CENTER
    589 SOUTH STATE STREET
    589 SOUTH STATE STREET
    PROVO,UT84606     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    MOUNTAINVILLE ACADEMY
    MOUNTAINVILLE ACADEMY
    195 SOUTH MAIN STREET
    195 SOUTH MAIN STREET
    ALPINE,UT84004     		NOT APPLICABLE PUBLIC UNRESTRICTED 2,025
    NATIONAL MUSIC THEATER NETWORK INC
    NATIONAL MUSIC THEATER NETWORK INC
    250 WEST 49TH STREET 101
    250 WEST 49TH STREET 101
    NEW YORK,NY10019     		NOT APPLICABLE PUBLIC UNRESTRICTED 4,500
    OPERATION SMILE
    OPERATION SMILE
    6435 TIDEWATER DRIVE
    6435 TIDEWATER DRIVE
    NORFOLK,VA23509     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    OUELESSEBOUGOU ALLIANCE
    OUELESSEBOUGOU ALLIANCE
    1055 NORTH 300 WEST
    STE 204
    PROVO,UT84604     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    PREGNANCY CARE CENTER OF GRANTS PAS
    PREGNANCY CARE CENTER OF GREANTS PASS
    714 SE 8TH STREET
    714 SE 8TH STREET
    GRANTS PASS,OR97526     		NOT APPLICABLE PUBLIC UNRESTRICTED 4,000
    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 MEDICAL CENTER F
    PRIMARY CHILDREN'S MEDICAL CENTER FOUNDATION
    100 MARIO CAPECCHI DR
    SALT LAKE CITY,UT84132     		NOT APPLICABLE PUBLIC UNRESTRICTED 22,571
    RONALD MCDONALD HOUSE
    RONALD MCDONALD HOUSE CHARITIES
    1135 EAST SOUTH TEMPLE
    1135 EAST SOUTH TEMPLE
    SALT LAKE CITY,UT84102     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    SALT LAKE COMMUNITY COLLEGE FOUND
    SALT LAKE COMMUNITY COLLEGE FOUND
    4600 SOUTH REDWOOD RD
    AD050
    SALT LAKE CITY,UT84123     		NOT APPLICABLE PUBLIC UNRESTRICTED 2,500
    SALT LAKE DONATED DENTAL SERVICES
    SALT LAKE DONATED DENTAL SERVICES
    1383 S 900 W STE 128
    1383 S 900 W STE 128
    SALT LAKE CITY,UT84104     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    SALT LAKE 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 5,000
    SCERA CORPORATION
    SCERA CORPORATION
    345 E 800 S
    OREM,UT84097     		NOT APPLICABLE PUBLIC UNRESTRICTED 950
    SIONFONDS FOR HAITI
    SIONFONDS FOR HAITI
    PO BOX 79
    CANYON,CA94516     		NOT APPLICABLE PUBLIC UNRESTRICTED 9,100
    SUSAN B KOMEN UTAH
    SUSAN B KOMEN UTAH
    4900 S HIGHLAND DR
    HOLLADAY,UT84117     		NOT APPLICABLE PUBLIC UNRESTRICTED 1,000
    SUTHERLAND INSTITUTE
    SUTHERLAND INSTITUTE
    15 WEST SOUTH TEMPLE 200
    SALT LAKE CITY,UT84101     		NOT APPLICABLE PUBLIC UNRESTRICTED 25,000
    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
    TIMPANOGOS STORYTELLING FESTIVAL
    TIMPANOGOS STORYTELLING FESTIVAL
    PROVO CANYON HWY 189
    PROVO,UT84601     		NOT APPLICABLE PUBLIC UNRESTRICTED 25,000
    UNIVERSITY OF UTAH
    DEVELOPMENT OFFICE
    201 PRESIDENTS CIRCLE
    ROOM 304
    SALT LAKE CITY,UT84112     		NOT APPLICABLE PUBLIC UNRESTRICTED 300,000
    UTAH COUNTY SHERIFF SEARCH & RESCUE
    UTAH COUNTY SHERIFF SEARCH & RESCUE
    3075 NORTH MAIN
    SPANISH FORK,UT84660     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,400
    UTAH FOOD BANK
    UTAH FOOD BANK
    3150 SOUTH 900 WEST
    3150 SOUTH 900 WEST
    SALT LAKE CITY,UT84119     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,500
    UTAH OREM MISSION
    UTAH OREM MISSION
    612 W 100 S STREET
    612 W 100 S STREET
    LINDON,UT84042     		NOT APPLICABLE PUBLIC UNRESTRICTED 1,382
    UTAH SHAKESPEARE FESTIVAL
    UTAH SHAKESPEARE FESTIVAL
    299 W CENTER ST
    CEDAR CITY,UT84720     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    UTAH STATE UNIVERSITY
    UTAH STATE UNIVERSITY
    1400 OLD MAIN HILL
    1400 OLD MAIN HILL
    LOGAN,UT84322     		NOT APPLICABLE PUBLIC UNRESTRICTED 40,000
    UTAH VALLEY HEALTHCARE FOUNDATION
    UTAH VALLEY HEALTHCARE FOUNDATION
    1034 N 500 W 304
    1034 N 500 W 304
    PROVO,UT84604     		NOT APPLICABLE PUBLIC UNRESTRICTED 50,000
    UTAH VALLEY UNIVERSITY
    UTAH VALLEY UNIVERSITY
    800 W UNIVERSITY PKWY
    800 W UNIVERSITY PKWY
    OREM,UT84058     		NOT APPLICABLE PUBLIC UNRESTRICTED 5,000
    UTAH YOUTH VILLAGE
    UTAH YOUTH VILLAGE
    5800 HIGHLAND DR
    5800 HIGHLAND DR
    SALT LAKE CITY,UT84121     		NOT APPLICABLE PUBLIC UNRESTRICTED 12,000
    VOLUNTEERS OF AMERICA
    VOLUNTEERS OF AMERICA
    435 W BEARCAT
    SALT LAKE CITY,UT84115     		NOT APPLICABLE PUBLIC UNRESTRICTED 3,000
    WEBER STATE STORYTELLING FESTIVAL
    WEBER STATE UNIVERSITY STORYTELLING FESTIVAL
    1351 EDVALSON ST
    DEPARTMENT 1305
    OGDEN,UT84408     		NOT APPLICABLE 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
    Total .................................bullet 3a 1,860,436
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    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 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....          
    3
    Interest on savings and temporary cash investments ...........     		    14 85  
    4 Dividends and interest from securities....     14 101,108  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    14 34,074  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aSECTION 1231 PLAINS     		    14 4  
    bPROCEEDS FROM CLASS ACTION     14 6,005  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   141,276  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13141,276
    (See worksheet in line 13 instructions 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 foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    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 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    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
    Sign Here
    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) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    THE ASHTON FAMILY FOUNDATION
     
    Employer identification number

    87-0480108
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    THE ASHTON FAMILY FOUNDATION
          		Employer identification number
    87-0480108
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    ALAN KAREN ASHTON  
    199 NORTH 290 WEST STE 100
     
    LINDON, UT84042

    		$ 650,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    AKA CHARITABLE REMAINDER UNITRUST
     

       
    199 NORTH 290 WEST STE 100
     
    LINDON, UT84042

    		$ 55,502


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    KALAN
     

       
    199 NORTH 290 WEST STE 100
     
    LINDON, UT84042

    		$ 999,823


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    THE ASHTON FAMILY FOUNDATION
          		Employer identification number

    87-0480108
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 1 SHARE BRKA $ 220,400 2015-05-19
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 1513 SHARES JNJ $ 157,291 2015-05-19
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 3084 SHARES MMM $ 503,062 2015-05-19
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 1000 SHARES UTX $ 119,070 2015-05-19
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    THE ASHTON FAMILY FOUNDATION
          		Employer identification number

    87-0480108
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN:
    87-0480108
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,449 612   1,837

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN:
    87-0480108
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 38,869 38,972
    AMERICAN ELECTRIC POWER 23,015 26,282
    APPLE, INC 18,828 22,263
    ASTRAZENECA PLC 50,537 49,092
    AT&T INC 25,434 25,464
    AUTOMATED DATA PROCESSING INC 21,941 24,480
    BCE INC    
    BP P.L.C.    
    CENTURYLINK INC. 50,680 35,526
    CISCO SYSTEMS INC 33,642 37,252
    COCA-COLA COMPANY 35,204 37,203
    CONOCOPHILLIPS 47,753 46,176
    DOMINION RES INC 27,233 25,636
    DU PONT E I DE NEMOURS    
    ELI LILLY & CO CMN 30,806 36,569
    EXXON MOBIL CORP 41,961 37,547
    GENERAL ELECTRIC XO 42,253 51,328
    HEALTHCARE REIT    
    INTEL CORP. 31,272 37,195
    JOHNSON & JOHNSON COM 25,449 25,145
    JPMORGAN CHASE & CO 22,556 24,462
    KIMBERLY CLARK 31,672 39,794
    KINDER MORGAN INC    
    KRAFT FOODS GROUP INC    
    LOCKHEED MARTIN 30,479 37,537
    MARATHON OIL CORP    
    MCDONALD'S CORP 42,562 51,264
    METLIFE INC 25,984 23,647
    OCCIDENTAL PETE CORP 59,200 48,009
    PACCAR INC 44,708 35,850
    PAYCHEX INC 22,055 24,881
    PPL CORP 22,336 25,446
    SEAGATE TECH PLC    
    SECTOR SPDR ENERGY 31,598 31,427
    SPECTRA ENERGY CORP 36,316 24,869
    THE KRAFT HEINZ CO 43,247 50,212
    THOMSON REUTERS CORP 23,257 23,481
    TORONTO DOMINION BANK 41,629 35,857
    UNITED TECHS CORP 46,685 37,668
    VENTAS INC 40,510 39,953
    VERIZON COMMUNICATIONS INC 39,983 38,324
    WAL MART STORES INC 65,552 51,492
    WELLTOWER, INC. 24,780 26,868
    AB HIGH INCOME FUND 70,426 61,476
    ALPS ALERIAN MLP ETF 74,140 86,471
    DELAWARE SMALL CAP CORE FUND 25,724 24,213
    EMERGING GLOBALSHS 30,250 23,471
    FRANKLIN MUTUAL EUROPEAN FD 56,861 49,144
    FIDUCIARY/CLAY MLP OPP    
    GOTHAM ABSOLUTE RETURN FUND 40,192 36,798
    GUGGENHEIM TIMBER ETF    
    HARTFOD WORLD BOND FUND 25,860 24,826
    ISHARES RS 2000 GROWTH    
    ISHARES RUSSELL MIDCAP 51,041 48,832
    ISHARES RUSSELL MIDCAP GROWTH    
    ISHARE TIPS BOND ETF 72,092 74,481
    ISHARES TR RUSSELL 2000 48,228 48,055
    IVY SCIENCE AND TECHNOLOGY FUND 52,042 49,164
    JOHN HANCOCK DISCIPLINED VALUE 47,779 49,304
    LOOMIS SAYLES STRATEGIC INC FD CL Y 73,945 73,670
    LORD ABBETT HIGH YIELD FD 54,670 48,760
    MAINSTAY MARKETFIELD FUND CL 44,542 37,285
    MFS EMERGING MARKETS DEBT FD 52,476 49,394
    MFS INTERNATIONAL VALUE FUND 75,322 74,579
    OPPENHEIMER DEVELOPING MARKETS FD 29,991 24,420
    OPPENHEIMER INTL SMALL COMPANY FD 46,894 49,734
    POWERSHARES BUYBACK ACHVRS    
    SPDR GOLD TRUST 59,155 48,904
    TEMPLETON GLBL BOND FD 26,909 24,445
    THE OAKMARK INTL FUND 87,816 73,455
    VANGUARD REIT ETF 51,462 50,771
    PLAINS AL AMERICAN PIPL LP    
    WISDOMTREE EUROPE HEDGEDEQUITY 81,705 67,155
    LORD ABBET SHORT 4101 54,976 53,366

    TY 2015 OtherAssetsSchedule
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN:
    87-0480108
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    FURNITURE & EQUIPMENT 21,979 21,979 21,979


    TY 2015 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        
    BANK CHARGES 314 314    
    OFFICE EXPENSES 145     145
    PLAINS ALL AMER LOSS ON K-1 1,251 1,251    
    PLAINS ALL AMER ND 7 7    


    TY 2015 OtherIncomeSchedule2
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN:
    87-0480108
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SECTION 1231 PLAINS 4 4  
    PROCEEDS FROM CLASS ACTION 6,005 6,005  


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN:
    87-0480108
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 30,242 30,242    
    LEGAL FEES 2,545     2,545


    TY 2015 SubstantialContributorsSch
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN:
    87-0480108
    Name Address
    KALAN
          		199 NORTH 290 WEST STE 100
    LINDON,UT84042
    AKA CHARITABLE REMAINDER TRUST
          		199 NORTH 290 WEST STE 100
    LINDON,UT84042


    TY 2015 TaxesSchedule
    Name:
    THE ASHTON FAMILY FOUNDATION
    EIN:
    87-0480108
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,113 1,113    
    PLAINS ALL AMERICAN 46 46    
    FEDERAL INVESTMENT TAXES 2,250