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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
TREADWELL NORA ECCLES CHARITABLE TR
 
Number and street (or P.O. box number if mail is not delivered to street address)C/O SPENCER ECCLES 79 S MAIN ST 2N
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SALT LAKE CITY, UT84111
A Employer identification number

94-2566167
B Telephone number (see instructions)

(888) 730-4933
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$90,882,786J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 17 17  
4 Dividends and interest from securities... 1,309,502 1,280,818  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,623,880
b Gross sales price for all assets on line 6a 37,594,292
7 Capital gain net income (from Part IV, line 2)... 6,623,880
8 Net short-term capital gain......... 0
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 -805,795 768,849  
12 Total. Add lines 1 through 11........ 7,127,604 8,673,564  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 11,540 2,000 0 9,540
b Accounting fees (attach schedule)....... Click to see attachment 1,525 0 0 1,525
c Other professional fees (attach schedule).... Click to see attachment 190,154 171,139   19,015
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 414,338 44,338   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 338,499 338,178    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 956,056 555,655 0 30,080
25 Contributions, gifts, grants paid....... 4,118,940 4,118,940
26 Total expenses and disbursements. Add lines 24 and 25 5,074,996 555,655 0 4,149,020
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,052,608
b Net investment income (if negative, enter -0-) 8,117,909
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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......... 1,308,011 492,896 492,896
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 43,280,178 Click to see attachment42,531,088 71,692,890
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).......... 15,308,001 Click to see attachment23,961,209 18,697,000
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) 59,896,190 66,985,193 90,882,786
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)   Click to see attachment5,036,802
23 Total liabilities (add lines 17 through 22).........   5,036,802
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 59,896,190 61,948,391
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 59,896,190 61,948,391
30 Total liabilities and net assets/fund balances (see instructions). 59,896,190 66,985,193
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
59,896,190
2
Enter amount from Part I, line 27a .....................
2
2,052,608
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
61,948,798
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
407
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
61,948,391
Form 990-PF (2020)
Form 990-PF (2020)
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 2357.23 GS MORTGAGE SECURITI 1.935% 11/10/48   2016-07-27 2020-01-10
b 1543.83 AMERICAN AIRLINES IN 3.575% 1/15/28   2016-01-12 2020-01-15
c 9039. COCA COLA CO     2020-01-16
d 28345. COCA COLA CO     2020-01-16
e 3120. INTERCONTINENTAL EXCHANGE INC   2019-01-07 2020-01-16
8390. INTERCONTINENTAL EXCHANGE INC     2020-01-16
3305. ESTEE LAUDER COMPANIES INC     2020-01-16
4500. ESTEE LAUDER COMPANIES INC     2020-01-16
3215. NETFLIX.COM INC   2017-08-15 2020-01-16
6785. SALESFORCE COM INC     2020-01-16
181.68 FHLMC MULTIFAMILY ST 2.896% 4/25/26   2017-03-22 2020-01-25
72.62 FHLMC MULTIFAMILY ST 2.197% 11/25/23   2017-06-14 2020-01-25
.37 FNMA POOL AL9791 3.050% 1/01/24   2017-02-14 2020-01-25
300.24 VR FED NATL MTG AS 4.15371% 11/25/42   2005-11-17 2020-01-25
901.79 VR FED NATL MTG AS 4.27912% 1/25/43   2007-12-07 2020-01-25
642.32 VR FED NATL MTG AS 3.86084% 6/25/35   2008-05-05 2020-01-25
75000. MORGAN STANLEY 2.650% 1/27/20   2015-01-22 2020-01-27
2687.95 DELTA AIRLINES 2015B 4.250% 7/30/23   2015-08-10 2020-01-30
65000. SYNCHRONY FINANCIAL 2.700% 2/03/20   2015-01-26 2020-02-03
2366.45 GS MORTGAGE SECURITI 1.935% 11/10/48   2016-07-27 2020-02-12
894. AMAZON COM INC COM   2009-01-14 2020-02-20
775. TRANSDIGM GROUP INC   2018-11-05 2020-02-20
1035. TRANSDIGM GROUP INC   2019-04-18 2020-02-20
2055. VISA INC-CLASS A SHRS     2020-02-20
10000. VISA INC-CLASS A SHRS     2020-02-20
11405. ZOETIS INC     2020-02-20
194.16 FHLMC MULTIFAMILY ST 2.896% 4/25/26   2017-03-22 2020-02-25
72.93 FHLMC MULTIFAMILY ST 2.197% 11/25/23   2017-06-14 2020-02-25
.37 FNMA POOL AL9791 3.050% 1/01/24   2017-02-14 2020-02-25
301.12 VR FED NATL MTG AS 4.15371% 11/25/42   2005-11-17 2020-02-25
564.3 VR FED NATL MTG AS 4.27912% 1/25/43   2007-12-07 2020-02-25
156.35 VR FED NATL MTG AS 3.86084% 6/25/35   2008-05-05 2020-02-25
6244.45 DUKE ENERGY FLORIDA 1.196% 3/01/20   2016-06-15 2020-03-02
65000. KLA-TENCOR CORP 4.125% 11/01/21   2014-10-30 2020-03-02
1830. UNITEDHEALTH GROUP INC     2020-03-10
2779.84 GS MORTGAGE SECURITI 1.935% 11/10/48   2016-07-27 2020-03-12
9232.815 AMER FNDS EUROPAC GROW-F3716   2008-03-19 2020-03-18
17000. ISHARES MSCI EAFE ETF     2020-03-18
20000. US TREASURY NOTE 1.375% 6/30/23   2016-07-29 2020-03-18
110000. US TREASURY NOTE 2.250% 2/15/27     2020-03-18
100000. US TREASURY NOTE 2.375% 5/15/27     2020-03-18
185000. US TREASURY NOTE 1.625% 7/31/20     2020-03-18
100000. US TREASURY NOTE 1.750% 5/31/22   2017-06-20 2020-03-18
31667.032 WF EMERGING MARKETS EQ - R6 #4660   2010-10-05 2020-03-18
2000. CME GROUP INC     2020-03-23
6135. CME GROUP INC     2020-03-23
4025. JPMORGAN CHASE & CO   2019-04-18 2020-03-23
5530. MERCK & CO INC NEW     2020-03-23
10165. MERCK & CO INC NEW     2020-03-23
9030. MONDELEZ INTERNATIONAL INC   2019-05-07 2020-03-23
1165. THERMO FISHER SCIENTIFIC INC   2020-01-16 2020-03-23
750. UNITEDHEALTH GROUP INC   2019-04-18 2020-03-23
340. UNITEDHEALTH GROUP INC   2010-12-09 2020-03-23
7385. EATON CORP PLC     2020-03-23
224.7 FHLMC MULTIFAMILY ST 2.896% 4/25/26   2017-03-22 2020-03-25
89.71 FHLMC MULTIFAMILY ST 2.197% 11/25/23   2017-06-14 2020-03-25
.43 FNMA POOL AL9791 3.050% 1/01/24   2017-02-14 2020-03-25
292.7 VR FED NATL MTG AS 4.15371% 11/25/42   2005-11-17 2020-03-25
346.59 VR FED NATL MTG AS 4.27912% 1/25/43   2007-12-07 2020-03-25
155.84 VR FED NATL MTG AS 3.86084% 6/25/35   2008-05-05 2020-03-25
6300. HOME DEPOT INC   2011-08-03 2020-03-25
190. APPLE INC   2020-02-20 2020-03-26
3250. CVS HEALTH CORPORATION   2020-02-20 2020-03-26
11290. CELANESE CORP     2020-03-26
8950. EOG RESOURCES, INC     2020-03-26
1325. NIKE INC CL B   2020-01-16 2020-03-26
30000. ISHARES CORE S&P SMALL-CAP E     2020-04-01
25372.945 VAN ECK EMERGING MARKETS-I #407   2017-09-11 2020-04-01
48625.187 WF EMERGING MARKETS EQ - R6 #4660   2010-10-05 2020-04-01
2386.6 GS MORTGAGE SECURITI 1.935% 11/10/48   2016-07-27 2020-04-13
6440. PNC FINANCIAL SERVICES GROUP     2020-04-24
1060. UNITEDHEALTH GROUP INC   2010-12-09 2020-04-24
195.63 FHLMC MULTIFAMILY ST 2.896% 4/25/26   2017-03-22 2020-04-25
73.65 FHLMC MULTIFAMILY ST 2.197% 11/25/23   2017-06-14 2020-04-25
.37 FNMA POOL AL9791 3.050% 1/01/24   2017-02-14 2020-04-25
302.7 VR FED NATL MTG AS 4.15371% 11/25/42   2005-11-17 2020-04-25
167.53 VR FED NATL MTG AS 4.27912% 1/25/43   2007-12-07 2020-04-25
156.2 VR FED NATL MTG AS 3.86084% 6/25/35   2008-05-05 2020-04-25
.756 RAYTHEON TECHNOLOGIES CORP   2020-03-23 2020-04-29
2597.35 GS MORTGAGE SECURITI 1.935% 11/10/48   2016-07-27 2020-05-12
8000. ISHARES MSCI EAFE ETF   2005-11-21 2020-05-14
10000. ISHA CURR HEDGED MSCI EAFE ETF   2017-11-06 2020-05-14
48000. MANULIFE FINANCIAL CORP     2020-05-14
28200. SUNCOR ENERGY INC NEW F     2020-05-14
220.22 FHLMC MULTIFAMILY ST 2.896% 4/25/26   2017-03-22 2020-05-25
82.17 FHLMC MULTIFAMILY ST 2.197% 11/25/23   2017-06-14 2020-05-25
.4 FNMA POOL AL9791 3.050% 1/01/24   2017-02-14 2020-05-25
364.75 VR FED NATL MTG AS 4.15371% 11/25/42   2005-11-17 2020-05-25
317.04 VR FED NATL MTG AS 4.27912% 1/25/43   2007-12-07 2020-05-25
820.75 VR FED NATL MTG AS 3.86084% 6/25/35   2008-05-05 2020-05-25
995. APPLE INC   2020-02-20 2020-05-28
299. BOEING CO   2008-01-28 2020-05-28
1786. BOEING CO   2020-03-23 2020-05-28
2270. MICROSOFT CORP   2020-02-20 2020-05-28
12505. TJX COMPANIES INC     2020-05-28
1635. UNION PACIFIC CORP   2009-05-15 2020-05-28
75000. AT&T INC 2.450% 6/30/20   2015-04-23 2020-05-30
2406.12 GS MORTGAGE SECURITI 1.935% 11/10/48   2016-07-27 2020-06-12
205.36 FHLMC MULTIFAMILY ST 2.896% 4/25/26   2017-03-22 2020-06-25
960. FHLMC MULTIFAMILY ST 2.197% 11/25/23   2017-06-14 2020-06-25
.37 FNMA POOL AL9791 3.050% 1/01/24   2017-02-14 2020-06-25
525.58 VR FED NATL MTG AS 4.15371% 11/25/42   2005-11-17 2020-06-25
176.11 VR FED NATL MTG AS 4.27912% 1/25/43   2007-12-07 2020-06-25
422.56 VR FED NATL MTG AS 3.86084% 6/25/35   2008-05-05 2020-06-25
2616.31 GS MORTGAGE SECURITI 1.935% 11/10/48   2016-07-27 2020-07-10
1543.77 AMERICAN AIRLINES IN 3.575% 1/15/28   2016-01-12 2020-07-15
221.67 FHLMC MULTIFAMILY ST 2.896% 4/25/26   2017-03-22 2020-07-25
81.41 FHLMC MULTIFAMILY ST 2.197% 11/25/23   2017-06-14 2020-07-25
.41 FNMA POOL AL9791 3.050% 1/01/24   2017-02-14 2020-07-25
357.74 VR FED NATL MTG AS 4.15371% 11/25/42   2005-11-17 2020-07-25
170.43 VR FED NATL MTG AS 4.27912% 1/25/43   2007-12-07 2020-07-25
156.09 VR FED NATL MTG AS 3.86084% 6/25/35   2008-05-05 2020-07-25
2687.95 DELTA AIRLINES 2015B 4.250% 7/30/23   2015-08-10 2020-07-30
400000. US TREASURY NOTE 1.625% 7/31/20     2020-07-31
59000. SHIRE ACQ INV IRELAN 2.400% 9/23/21     2020-08-03
2425.78 GS MORTGAGE SECURITI 1.935% 11/10/48   2016-07-27 2020-08-12
50000. GOLDMAN SACHS GROUP 2.750% 9/15/20   2015-09-08 2020-08-15
214.23 FHLMC MULTIFAMILY ST 2.896% 4/25/26   2017-03-22 2020-08-25
73.71 FHLMC MULTIFAMILY ST 2.197% 11/25/23   2017-06-14 2020-08-25
.38 FNMA POOL AL9791 3.050% 1/01/24   2017-02-14 2020-08-25
299.06 VR FED NATL MTG AS 4.15371% 11/25/42   2005-11-17 2020-08-25
1846.78 VR FED NATL MTG AS 4.27912% 1/25/43   2007-12-07 2020-08-25
271.23 VR FED NATL MTG AS 3.86084% 6/25/35   2008-05-05 2020-08-25
2435.27 GS MORTGAGE SECURITI 1.935% 11/10/48   2016-07-27 2020-09-14
3296.47 FHLMC MULTIFAMILY ST 2.896% 4/25/26   2017-03-22 2020-09-25
1903.9 FHLMC MULTIFAMILY ST 2.197% 11/25/23   2017-06-14 2020-09-25
223.27 FNMA POOL AL9791 3.050% 1/01/24   2017-02-14 2020-09-25
548.25 VR FED NATL MTG AS 4.15371% 11/25/42   2005-11-17 2020-09-25
175. VR FED NATL MTG AS 4.27912% 1/25/43   2007-12-07 2020-09-25
183.97 VR FED NATL MTG AS 3.86084% 6/25/35   2008-05-05 2020-09-25
2644.64 GS MORTGAGE SECURITI 1.935% 11/10/48   2016-07-27 2020-10-13
226.64 FHLMC MULTIFAMILY ST 2.896% 4/25/26   2017-03-22 2020-10-25
79.72 FHLMC MULTIFAMILY ST 2.197% 11/25/23   2017-06-14 2020-10-25
811.22 VR FED NATL MTG AS 4.15371% 11/25/42   2005-11-17 2020-10-25
148.27 VR FED NATL MTG AS 4.27912% 1/25/43   2007-12-07 2020-10-25
200.72 VR FED NATL MTG AS 3.86084% 6/25/35   2008-05-05 2020-10-25
4642.306 AMER FNDS EUROPAC GROW-F3716   2008-03-19 2020-10-29
1000. ISHARES 7-10 YEAR TREASURY BOND   2020-05-14 2020-10-29
9520. ISHARES RUSSELL MID-CAP ETF   2009-01-14 2020-10-29
52609.01 AMERICAN AIRLINES IN 3.575% 1/15/28     2020-10-30
53292. DELTA AIRLINES 2015B 4.250% 7/30/23     2020-10-30
16000. HUNTINGTON BANCSHARE 2.300% 1/14/22   2016-08-04 2020-11-02
55000. SHELL INTERNATIONAL 2.250% 11/10/20   2015-11-05 2020-11-10
2632.91 GS MORTGAGE SECURITI 1.935% 11/10/48   2016-07-27 2020-11-13
55000. DOMINION GAS HLDGS 2.800% 11/15/20   2015-11-12 2020-11-15
15390. AT & T INC   2019-04-18 2020-11-19
4260. APPLE INC   2019-09-04 2020-11-19
1415. APPLE INC   2020-02-20 2020-11-19
330. BLACKROCK INC   2020-02-20 2020-11-19
735. BROADCOM INC   2019-09-04 2020-11-19
2595. CME GROUP INC     2020-11-19
230. CVS HEALTH CORPORATION   2020-02-20 2020-11-19
3160. CVS HEALTH CORPORATION     2020-11-19
7705. SPIRIT AEROSYTSEMS HOLD-CL A     2020-11-19
5000. SPIRIT AEROSYTSEMS HOLD-CL A   2019-09-04 2020-11-19
2570. TARGET CORP   2018-11-05 2020-11-19
2815. UNITED PARCEL SERVICE-CL B   2020-01-16 2020-11-19
2340. TE CONNECTIVITY LTD   2020-01-16 2020-11-19
30730. FLEXTRONICS INTL LTD   2019-09-04 2020-11-19
211.76 FHLMC MULTIFAMILY ST 2.896% 4/25/26   2017-03-22 2020-11-25
72.3 FHLMC MULTIFAMILY ST 2.197% 11/25/23   2017-06-14 2020-11-25
305.72 VR FED NATL MTG AS 4.15371% 11/25/42   2005-11-17 2020-11-25
149.12 VR FED NATL MTG AS 4.27912% 1/25/43   2007-12-07 2020-11-25
606.98 VR FED NATL MTG AS 3.86084% 6/25/35   2008-05-05 2020-11-25
228.13 FHLMC MULTIFAMILY ST 2.896% 4/25/26   2017-03-22 2020-12-25
80.36 FHLMC MULTIFAMILY ST 2.197% 11/25/23   2017-06-14 2020-12-25
412.52 VR FED NATL MTG AS 4.15371% 11/25/42   2005-11-17 2020-12-25
297.29 VR FED NATL MTG AS 4.27912% 1/25/43   2007-12-07 2020-12-25
316.7 VR FED NATL MTG AS 3.86084% 6/25/35   2008-05-05 2020-12-25
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(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 2,357   2,386 -29
b 1,544   1,544  
c 512,343   252,735 259,608
d 1,606,632   1,341,952 264,680
e 299,963   229,366 70,597
806,632   673,293 133,339
719,367   455,401 263,966
979,471   751,683 227,788
1,084,843   543,371 541,472
1,235,495   629,152 606,343
182   184 -2
73   72 1
       
300   305 -5
902   910 -8
642   633 9
75,000   74,934 66
2,688   2,688  
65,000   64,864 136
2,366   2,395 -29
1,920,284   44,170 1,876,114
488,305   252,710 235,595
652,123   467,029 185,094
433,588   328,154 105,434
2,109,917   1,048,481 1,061,436
1,634,122   313,743 1,320,379
194   197 -3
73   73  
       
301   306 -5
564   570 -6
156   154 2
6,244   6,244  
67,734   64,989 2,745
512,390   417,495 94,895
2,780   2,814 -34
355,740   415,286 -59,546
794,075   1,061,558 -267,483
20,403   20,066 337
118,980   108,488 10,492
109,191   101,183 8,008
185,903   185,251 652
102,461   99,938 2,523
620,990   716,308 -95,318
276,314   373,676 -97,362
847,593   1,092,856 -245,263
316,736   459,326 -142,590
363,395   425,592 -62,197
667,976   766,575 -98,599
381,306   460,366 -79,060
297,389   391,374 -93,985
144,501   166,560 -22,059
65,507   12,505 53,002
421,093   676,927 -255,834
225   228 -3
90   89 1
       
293   297 -4
347   350 -3
156   154 2
1,012,507   205,988 806,519
47,956   60,829 -12,873
176,057   233,998 -57,941
828,537   1,246,775 -418,238
350,779   730,967 -380,188
112,331   137,093 -24,762
1,558,295   2,097,598 -539,303
346,848   461,026 -114,178
1,004,110   1,099,902 -95,792
2,387   2,416 -29
651,006   316,548 334,458
306,249   38,986 267,263
196   199 -3
74   73 1
       
303   307 -4
168   169 -1
156   154 2
51   37 14
2,597   2,629 -32
436,218   462,800 -26,582
249,391   300,899 -51,508
544,265   831,026 -286,761
444,947   743,860 -298,913
220   224 -4
82   82  
       
365   370 -5
317   320 -3
821   808 13
320,433   318,549 1,884
45,402   22,996 22,406
271,199   188,331 82,868
416,236   417,372 -1,136
681,527   553,527 128,000
281,363   38,868 242,495
75,000   74,962 38
2,406   2,436 -30
205   208 -3
960   958 2
       
526   533 -7
176   178 -2
423   416 7
2,616   2,648 -32
1,544   1,544  
222   225 -3
81   81  
       
358   363 -5
170   172 -2
156   154 2
2,688   2,688  
400,000   398,759 1,241
60,286   57,975 2,311
2,426   2,456 -30
50,000   49,898 102
214   217 -3
74   74  
       
299   303 -4
1,847   1,864 -17
271   267 4
2,435   2,465 -30
3,296   3,346 -50
1,904   1,899 5
223   229 -6
548   556 -8
175   177 -2
184   181 3
2,645   2,677 -32
227   230 -3
80   80  
811   823 -12
148   150 -2
201   198 3
269,904   208,808 61,096
120,607   122,210 -1,603
553,739   133,776 419,963
48,926   52,609 -3,683
48,480   53,292 -4,812
16,359   15,976 383
55,000   54,698 302
2,633   2,665 -32
55,000   54,815 185
433,991   494,093 -60,102
504,347   222,659 281,688
167,524   113,253 54,271
222,307   187,124 35,183
280,095   208,162 71,933
429,807   458,664 -28,857
15,177   16,560 -1,383
208,517   215,469 -6,952
248,808   228,947 19,861
161,459   403,447 -241,988
441,936   218,386 223,550
469,610   333,631 135,979
260,288   231,680 28,608
503,924   297,949 205,975
212   215 -3
72   72  
306   310 -4
149   151 -2
607   598 9
228   232 -4
80   80  
413   419 -6
297   300 -3
317   312 5
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
      48,716
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       -29
b        
c       259,608
d       264,680
e       70,597
      133,339
      263,966
      227,788
      541,472
      606,343
      -2
      1
       
      -5
      -8
      9
      66
       
      136
      -29
      1,876,114
      235,595
      185,094
      105,434
      1,061,436
      1,320,379
      -3
       
       
      -5
      -6
      2
       
      2,745
      94,895
      -34
      -59,546
      -267,483
      337
      10,492
      8,008
      652
      2,523
      -95,318
      -97,362
      -245,263
      -142,590
      -62,197
      -98,599
      -79,060
      -93,985
      -22,059
      53,002
      -255,834
      -3
      1
       
      -4
      -3
      2
      806,519
      -12,873
      -57,941
      -418,238
      -380,188
      -24,762
      -539,303
      -114,178
      -95,792
      -29
      334,458
      267,263
      -3
      1
       
      -4
      -1
      2
      14
      -32
      -26,582
      -51,508
      -286,761
      -298,913
      -4
       
       
      -5
      -3
      13
      1,884
      22,406
      82,868
      -1,136
      128,000
      242,495
      38
      -30
      -3
      2
       
      -7
      -2
      7
      -32
       
      -3
       
       
      -5
      -2
      2
       
      1,241
      2,311
      -30
      102
      -3
       
       
      -4
      -17
      4
      -30
      -50
      5
      -6
      -8
      -2
      3
      -32
      -3
       
      -12
      -2
      3
      61,096
      -1,603
      419,963
      -3,683
      -4,812
      383
      302
      -32
      185
      -60,102
      281,688
      54,271
      35,183
      71,933
      -28,857
      -1,383
      -6,952
      19,861
      -241,988
      223,550
      135,979
      28,608
      205,975
      -3
       
      -4
      -2
      9
      -4
       
      -6
      -3
      5
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 6,623,880
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 112,839
c All other domestic foundations enter 1.39% 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 0
3 Add lines 1 and 2........................... 3 112,839
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 112,839
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 182,801
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 182,801
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 398
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 69,564
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet69,564 RefundedBullet 11 0
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 the instructions
for the 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 2020 or the taxable year beginning in 2020? See the 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. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
     
    No
    Website addressbullet  
    14
    The books are in care ofbulletWELLS FARGO BANK Telephone no.bullet (888) 730-4933

    Located atbullet100 N MAIN STWINSTON SALEMNC ZIP+4bullet27101
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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
     
     
    ........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 2020?.............
    1c
     
    No
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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:
    Yes
    No
    (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
     
    No
    .........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). Click to see attachment
    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
    Yes
     
    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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    SPENCER ECCLES TRUSTEE
    5     		0    
    79 S MAIN ST 2ND FLOOR
    SALT LAKE CITY,UT84111
    KATIE ECCLES TRUSTEE
    5     		0    
    79 S MAIN ST 2ND FLOOR
    SALT LAKE CITY,UT84111
    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 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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
    WELLS FARGO BANK AGENT 190,154
    100 N MAIN ST
    WINSTON SALEM,NC27101
    Total number of others receiving over $50,000 for professional services.............bullet0
    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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    62,201,278
    b
    Average of monthly cash balances.......................
    1b
    1,425,532
    c
    Fair market value of all other assets (see instructions)................
    1c
    18,697,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    82,323,810
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    5,036,802
    3
    Subtract line 2 from line 1d.........................
    3
    77,287,008
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,159,305
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    76,127,703
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,806,385
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,806,385
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    112,839
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    112,839
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,693,546
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,693,546
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,693,546
    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
    4,149,020
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,149,020
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,149,020
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 3,693,546
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 707,704
    b From 2016...... 980,288
    c From 2017...... 565,177
    d From 2018...... 822,228
    e From 2019...... 930,413
    fTotal of lines 3a through e........ 4,005,810
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 4,149,020
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 3,693,546
    e Remaining amount distributed out of corpus 455,474
    5 Excess distributions carryover applied to 2020. 0 0
    (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 4,461,284
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		707,704
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		3,753,580
    10 Analysis of line 9:
    a Excess from 2016.... 980,288
    b Excess from 2017.... 565,177
    c Excess from 2018.... 822,228
    d Excess from 2019.... 930,413
    e Excess from 2020.... 455,474
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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 foundation 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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    THE NORA ECCLES TREADWELL CHAR TRUST
    SPENCER KATIE ECCLES SUCC CO TTEE
    SALT LAKE CITY,UT84111     		NONE PF MEDICAL RESEACH 4,118,940
    Total .................................bullet 3a 4,118,940
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 17  
    4 Dividends and interest from securities....     14 1,309,502  
    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 ............     		    18 6,623,880  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP INCOME     		900099 -1,574,644 1 768,849  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -1,574,644 8,702,248  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    7,127,604
    (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 (2020)
    Form 990-PF (2020)
    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) (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) (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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    TREADWELL NORA ECCLES CHARITABLE TR
    EIN:
    94-2566167
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,525     1,525

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    TREADWELL NORA ECCLES CHARITABLE TR
    EIN:
    94-2566167
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    NORA ECCLES TREADWELL CHAR TRUST
          		1004 B OREILLY AVE
    SAN FRANCISCO,CA94129     		2020-12-15 4,118,940 MEDICAL RESEARCH 4,118,940 NONE 09/27/2021    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    TREADWELL NORA ECCLES CHARITABLE TR
    EIN:
    94-2566167
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SEE ATTACHED STMT 42,531,088 71,692,890

    TY 2020 InvestmentsOtherSchedule2
    Name:
    TREADWELL NORA ECCLES CHARITABLE TR
    EIN:
    94-2566167
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CYNOSURE INVESTMENT PARTNERS L AT COST 23,961,209 18,697,000

    TY 2020 LegalFeesSchedule
    Name:
    TREADWELL NORA ECCLES CHARITABLE TR
    EIN:
    94-2566167
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RAY QUINNEY NEBEKER 11,540 2,000   9,540


    TY 2020 OtherDecreasesSchedule
    Name:
    TREADWELL NORA ECCLES CHARITABLE TR
    EIN:
    94-2566167
    Description Amount
    COST BASIS ADJUSTMENT 407


    TY 2020 OtherExpensesSchedule
    Name:
    TREADWELL NORA ECCLES CHARITABLE TR
    EIN:
    94-2566167
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 645 645   0
    CYNOSURE INVESTMENT PARTNERS 337,854 337,533   0


    TY 2020 OtherIncomeSchedule2
    Name:
    TREADWELL NORA ECCLES CHARITABLE TR
    EIN:
    94-2566167
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CYNOSURE INVESTMENT PARTNERS -805,795 768,849  


    TY 2020 OtherLiabilitiesSchedule
    Name:
    TREADWELL NORA ECCLES CHARITABLE TR
    EIN:
    94-2566167
    Description Beginning of Year - Book Value End of Year - Book Value
    LINE OF CREDIT   5,036,802


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    TREADWELL NORA ECCLES CHARITABLE TR
    EIN:
    94-2566167
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WELLS FARGO AGENT FEES 190,154 171,139   19,015


    TY 2020 TaxesSchedule
    Name:
    TREADWELL NORA ECCLES CHARITABLE TR
    EIN:
    94-2566167
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 44,322 44,322   0
    FEDERAL TAX PAYMENT - PRIOR YE 195,000 0   0
    FEDERAL ESTIMATES - PRINCIPAL 175,000 0   0
    FOREIGN TAXES ON NONQUALIFIED 16 16   0