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
THE SCOTT W AND BETSY D THORNTON FAMILY
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 981088
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PARK CITY, UT84098
A Employer identification number

84-1409425
B Telephone number (see instructions)

(435) 655-0512
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$9,260,464J 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) 5,149,686
2 Check bullet.............
3 Interest on savings and temporary cash investments 40,839 40,839  
4 Dividends and interest from securities... 174,872 198,389  
5a Gross rents............ 11 11  
b Net rental income or (loss) 11
6a Net gain or (loss) from sale of assets not on line 10 -107,068
b Gross sales price for all assets on line 6a 2,870,064
7 Capital gain net income (from Part IV, line 2)... 0
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 978 978 0
12 Total. Add lines 1 through 11........ 5,259,318 240,217 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,474 4,474 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 72,353 72,353 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 81,827 76,827 0 0
25 Contributions, gifts, grants paid....... 78,600 78,600
26 Total expenses and disbursements. Add lines 24 and 25 160,427 76,827 0 78,600
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,098,891
b Net investment income (if negative, enter -0-) 163,390
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............. 13,272 14,051 14,051
2 Savings and temporary cash investments......... 41,204 1,765,025 1,765,025
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)....... 1,087,772 Click to see attachment3,995,760 5,507,512
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).......... 2,375,313 Click to see attachment1,800,900 1,954,985
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment18,891 Click to see attachment18,891
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,517,561 7,594,627 9,260,464
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 0
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........ 10,681 10,681
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 3,506,880 7,583,946
29 Total net assets or fund balances (see instructions)..... 3,517,561 7,594,627
30 Total liabilities and net assets/fund balances (see instructions). 3,517,561 7,594,627
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
3,517,561
2
Enter amount from Part I, line 27a .....................
2
5,098,891
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,616,452
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,021,825
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,594,627
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 KEYSTONE   2020-01-01 2020-12-31
b KEYSTONE   2019-01-01 2020-12-31
c BRISTLECONE INVESTMENTS   2020-01-01 2020-12-31
d BRISTLECONE INVESTMENTS   2019-01-01 2020-12-31
e WELLS FARGO 1394   2020-01-01 2020-12-31
GOLDMAN SACHS TR FINL SQUARE PRIME OBLIGS   2020-01-01 2020-12-31
KEYSTONE 1231 GAIN   2019-01-01 2020-12-31
CAPITAL GAINS 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     255 -255
b 1,712     1,712
c     77,675 -77,675
d     57,111 -57,111
e 278,277   277,291 986
2,566,165   2,564,800 1,365
147     147
23,763     23,763
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       -255
b       1,712
c       -77,675
d       -57,111
e       986
      1,365
      147
      23,763
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 -107,068
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 2,271
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 2,271
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 2,271
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 5,000
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 15
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 2,714
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,714 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletFOUNDATION OFFICE Telephone no.bullet (801) 467-3600

    Located atbullet2159 SOUTH 700 EAST SUITE 200SALT LAKE CITYUT ZIP+4bullet84106
    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
     
     
    .........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
     
     
    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
    ERIN LINDER TRUSTEE
    1.00     		0 0 0
    PO BOX 981088
    PARK CITY,UT84098
    BETSY D THORNTON TRUSTEE
    1.00     		0 0 0
    PO BOX 981088
    PARK CITY,UT84098
    ASHLEY MENDENHALL TRUSTEE
    1.00     		0 0 0
    PO BOX 981088
    PARK CITY,UT84098
    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
    NONE
    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.........................bullet0
    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
    7,952,379
    b
    Average of monthly cash balances.......................
    1b
    287,647
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,240,026
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    8,240,026
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    123,600
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,116,426
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    405,821
    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
    405,821
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,271
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,271
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    403,550
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    403,550
    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
    403,550
    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
    78,600
    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
     
    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
    78,600
    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
    78,600
    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 7 403,550
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 66,414
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 78,600
    a Applied to 2019, but not more than line 2a 66,414
    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..... 12,186
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		391,364
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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).)
    ERIN LINDER
    BETSY D THORNTON
    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
    350 ORGANIZATION
    20 JAY ST SUITE 732
    BROOKLYN,NY11201     		NONE 501(C)(3) GENERAL FUND 500
    ALF ENGEN SKI MUSEUM FOUNDATION
    3419 OLYMPIC PKWY
    PARK CITY,UT84098     		NONE 501(C)(3) GENERAL FUND 300
    CHRISTIAN CENTER OF PARK CITY
    1283 DEER VALLEY DR
    PARK CITY,UT84060     		NONE 501(C)(3) GENERAL FUND 5,500
    FOURTH STREET CLINIC
    409 W 400 S
    SALT LAKE CITY,UT84101     		NONE 501(C)(3) GENERAL FUND 4,000
    FRIENDS OF TRACY AVIARY
    589 1300 S
    SALT LAKE CITY,UT84105     		NONE 501(C)(3) GENERAL FUND 500
    GRIZZLY & WOLF DISCOVERY CENTER
    201 S CANYON ST
    WEST YELLOWSTONE,MT59758     		NONE 501(C)(3) GENERAL FUND 1,000
    KENYA KEYS
    5314 TUALATA CT
    LAKE OSWEGO,OR97035     		NONE 501(C)(3) GENERAL FUND 3,000
    MAYO CLINIC
    200 FIRST ST SW
    ROCHESTER,MN55905     		NONE 501(C)(3) GENERAL FUND 2,000
    MCDOWELL SONORAN CONSERVANCY
    8175 E EVANS ROAD 12817
    SCOTTSDALE,AZ85260     		NONE 501(C)(3) GENERAL FUND 1,000
    MOUNTAIN TRAILS FOUNDATION
    1665 BONANZA DR
    PARK CITY,UT84060     		NONE 501(C)(3) GENERAL FUND 1,000
    NATIONAL ABILITY CENTER
    1000 ABILITY WAY
    PARK CITY,UT84060     		NONE 501(C)(3) GENERAL FUND 3,000
    NEIGHBORHOOD HOUSE
    1050 W 500 S
    SALT LAKE CITY,UT84104     		NONE   GENERAL FUND 4,000
    NUZZLES & CO
    6699 N LANDMARK DR SUITE B-103
    PARK CITY,UT84098     		NONE 501(C)(3) GENERAL FUND 750
    PARK CITY COMMUNITY FOUNDATION
    1960 SIDEWINDER DR SUITE 103
    PARK CITY,UT84060     		NONE 501(C)(3) GENERAL FUND 5,500
    PARK CITY EDUCATION FOUNDATION
    1821 SIDEWINDER DR 4
    PARK CITY,UT84060     		NONE 501(C)(3) GENERAL FUND 10,500
    PARK CITY RECYCLING CENTER
    1825 WOODBINE WAY
    PARK CITY,UT84060     		NONE 501(C)(3) GENERAL FUND 500
    PEACE FOR PAUL FOUNDATION
    PO BOX 1541
    LAKE OSWEGO,OR97035     		NONE 501(C)(3) GENERAL FUND 1,500
    PEACE HOUSE
    1960 SIDEWINDER DR SUITE 208
    PARK CITY,UT84060     		NONE 501(C)(3) GENERAL FUND 3,500
    PEOPLE'S HEALTH CLINIC
    650 ROUND VALLEY DR
    PARK CITY,UT84060     		NONE 501(C)(3) GENERAL FUND 2,000
    THE INN BETWEEN
    1216 1300 S
    SALT LAKE CITY,UT84105     		NONE 501(C)(3) GENERAL FUND 2,000
    UNIVERSITY OF UTAH - ORTHOPEDICS
    590 WAKARA WAY
    SALT LAKE CITY,UT84108     		NONE 501(C)(3) GENERAL FUND 1,000
    UTAHNS AGAINST HUNGER
    764 200 W
    SALT LAKE CITY,UT84101     		NONE 501(C)(3) GENERAL FUND 1,000
    WOMEN OF THE WORLD
    3347 MAIN ST
    SALT LAKE CITY,UT84115     		NONE 501(C)(3) GENERAL FUND 1,000
    WORK ACTIVITY CENTER
    1275 2320 S
    WEST VALLEY CITY,UT84119     		NONE 501(C)(3) GENERAL FUND 1,000
    AMERICAN CANCER SOCIETY
    3380 CHASTAIN MEADOWS PKWY NW SUITE
    200
    KENNESAW,GA30144     		NONE 501(C)(3) GENERAL FUND 500
    CHURCH OF JESUS CHRIST OF LATTER DAY SAINTS
    50 E NORTH TEMPLE ROOM 1521
    SALT LAKE CITY,UT84150     		NONE 501(C)(3) GENERAL FUND 600
    DOCTORS WITHOUT BORDERS
    40 RECTOR ST 16TH FLOOR
    NEW YORK,NY10006     		NONE 501(C)(3) GENERAL FUND 1,000
    GATES PHILANTHROPY PARTNERS
    1432 ELLIOTT AVE
    SEATTLE,WA98119     		NONE 501(C)(3) GENERAL FUND 250
    LEUKEMIA SOCIETY
    310 E 4500 S 240
    MURRAY,UT84107     		NONE 501(C)(3) GENERAL FUND 2,500
    RECYCLE UTAH
    1951 WOODBINE WAY PO BOX 682998
    PARK CITY,UT84068     		NONE 501(C)(3) GENERAL FUND 500
    SOUTHWEST WILDLIFE CONSERVATION CENTER
    27026 N 156TH ST
    SCOTTSDALE,AZ85262     		NONE 501(C)(3) GENERAL FUND 1,000
    ST MARY'S FOOD BANK
    3131 W THOMAS RD
    PHOENIX,AZ85017     		NONE 501(C)(3) GENERAL FUND 5,000
    TOGETHER RISING
    800 WEST BROAD STREET 6409
    FALLS CHURCH,VA22040     		NONE 501(C)(3) GENERAL FUND 500
    UNIVERSITY OF UTAH - KUED
    101 S WASATCH DR
    SALT LAKE CITY,UT84112     		NONE 501(C)(3) GENERAL FUND 500
    UNIVERSITY OF UTAH - KUER
    101 S WASATCH DR
    SALT LAKE CITY,UT84112     		NONE 501(C)(3) GENERAL FUND 500
    UNIVERSITY OF UTAH - RED BUTTE GARDEN
    300 WAKARA WAY
    SALT LAKE CITY,UT84108     		NONE 501(C)(3) GENERAL FUND 1,000
    UNIVERSITY OF UTAH - COVID19 EMERGENCY FUND
    201 PRESIDENTS CIR
    SALT LAKE CITY,UT84112     		NONE 501(C)(3) GENERAL FUND 3,000
    UTAH FOOD BANK
    3150 S 900 W
    SALT LAKE CITY,UT84119     		NONE 501(C)(3) GENERAL FUND 5,000
    WILD AWARE UTAH
    2600 SUNNYSIDE AVE
    SALT LAKE CITY,UT84108     		NONE 501(C)(3) GENERAL FUND 500
    WOUNDED WARRIOR PROJECT
    1 S NEVADA AVE SUITE 205
    COLORADO SPRINGS,CO80903     		NONE 501(C)(3) GENERAL FUND 200
    Total .................................bullet 3a 78,600
    bApproved for future payment
    Total .................................bullet 3b 0
    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 40,839  
    4 Dividends and interest from securities....     14 174,872  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 11  
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 978  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -107,068  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 109,632 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    109,632
    (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
    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 Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    THE SCOTT W AND BETSY D THORNTON FAMILY
    FOUNDATION
    Employer identification number

    84-1409425
    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 isn't covered by the General Rule and/or the Special Rules doesn't 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 doesn't 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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THE SCOTT W AND BETSY D THORNTON FAMILY
    FOUNDATION         		Employer identification number
    84-1409425
    Part I
    Contributors
    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
    KATHERINE W DUMKE & EZEKIEL R DUMKE JR FOUNDATION
     
    PO BOX 776
     
    KAYSVILLE, UT84037

    		$ 2,777,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    KATHERINE W DUMKE & EZEKIEL R DUMKE JR FOUNDATION
     
    PO BOX 776
     
    KAYSVILLE, UT84037

    		$ 125,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    KATHERINE W DUMKE & EZEKIEL R DUMKE JR FOUNDATION
     
    PO BOX 776
     
    KAYSVILLE, UT84037

    		$ 260,189


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    SCOTT THORNTON IRA
    11448 E TROON MOUNTAIN DR
     
    SCOTTSDALE, AZ85255

    		$ 1,956,100


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    SCOTT THORNTON IRA
    11448 E TROON MOUNTAIN DR
     
    SCOTTSDALE, AZ85255

    		$ 30,897


    (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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    THE SCOTT W AND BETSY D THORNTON FAMILY
    FOUNDATION         		Employer identification number

    84-1409425
    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
    2
    		 JUST COMMUNITY NOTES RECEIVABLE - UNDER PLAN OF LIQUIDATION $ 125,000 2020-01-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    3
    		 .279455% INTEREST IN KEYSTONE PRIVATE MARKET OPPORTUNITIES VIII - UNDER PLAN OF LIQUIDATION $ 260,189 2020-01-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    4
    		 STOCK PORTFOLIO $ 1,956,100 2020-09-10
    (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
     
    		$    
    (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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE SCOTT W AND BETSY D THORNTON FAMILY
    FOUNDATION         		Employer identification number

    84-1409425
    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) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE SCOTT W AND BETSY D THORNTON FAMILY
     
    FOUNDATION
    EIN:
    84-1409425
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERIPRISE FINANCIAL 19,958 30,121
    AMGEN INC 40,166 46,444
    ENSTAR GROUP 200,000 219,920
    GENERAL ELECTRIC 13 136,588
    HOME DEPOT 52,488 88,983
    MARRIOTT INTL INC 19,952 29,022
    MICROSOFT 65,252 186,833
    PHILLIPS 66 107,153 99,874
    PRUDENTIAL INV HIGH YIELD 80,736 78,961
    SONOFI ADR 1,873 1,701
    UNITEDHEALTH GROUP 58,223 109,763
    WESTERN DIGITAL CORP 19,989 13,127
    ABBOTT LABS 68,383 120,439
    AMEDISYS INC 25,278 58,666
    AMERICAN TOWER 38,711 44,892
    BROADCOM INC 55,025 87,570
    CALAMOS INV GROWTH 25,000 32,450
    COMCAST GROUP 38,630 52,400
    HEICO CORP 46,452 66,200
    JP MORGAN SER EE BOND 100,000 113,920
    PUTNAM INCOME FD 50,000 52,489
    ROYAL GOLD 35,659 42,544
    WELLS FARGO DIVERSIFIED CAP 50,000 64,770
    ABBVIE INC 3,708 16,073
    ACCENTURE PLC IRELAND SHARES CLASS A 33,255 52,242
    ADOBE SYSTEMS INC 37,096 100,024
    AMAZON COM INC 33,893 162,847
    APPLE INC 81,274 188,420
    APPLIED MATERIALS INC 5,179 43,150
    AT&T INC 13,590 12,942
    BP PLC 22,033 10,260
    CHEVORN CORP 11,645 12,668
    CISCO SYSTEMS INC 22,037 44,750
    CONAGRA BRANDS INC 12,068 21,756
    EMERSON ELECTRIC CO 27,695 32,148
    EXXON MOBIL CORP 20,117 14,427
    FACEBOOK INC 10,537 27,316
    HUNTINGTON BANCSHRES INC 18,988 37,890
    ILLINOIS TOOL WORKS INC 36,629 50,970
    INVESCO QQQ TR ETF 21,466 62,748
    ISHARES RUSSELL 2000 GROWTH ETF 19,828 26,950
    ISHARES RUSSELL 2000 VALUE ETF 32,300 32,674
    ISHARES S&P MIDCAP 400 VALUE ETF 49,946 70,421
    ISHARES S&P MIDCAP 400 GROWTH ETF 71,248 115,841
    JOHNSON & JOHNSON 10,832 31,476
    JP MORGAN CHASE & CO 14,560 31,768
    NIKE INC 25,639 28,294
    NORTHROP GRUMMAN CORP 18,548 30,472
    NVIDIA CORP 3,702 104,440
    PFIZER INC 9,408 14,724
    S&P GLOBAL INC 35,055 32,873
    SHERWIN WILLIAMS CO 69,587 73,491
    STRYKER CORP 12,532 61,260
    TEXAS INSTRUMENTS 46,289 49,239
    VANGUARD FTSE EUROPEAN ETF 20,990 24,096
    VANGUARD TOTAL BOND ETF 49,937 50,092
    VIATRIS INC 509 918
    VISA INC 14,083 38,934
    WABTEC 0 9,296
    WALMART INC 16,624 43,245
    AQUILA MUN TR 50,000 50,280
    BNY MELLON INTL BOND 256,398 267,233
    CALAMOS INVT TR NEW GROWTH 100,000 134,066
    FEDERATED HERMES HIGH YIELD BOND 90,573 90,355
    AMERICAN FUNDS BOND FUND OF AMERICA 500,000 489,702
    JANUS HENDERSON FUNDS FORTY 102,113 149,768
    MFS COPORATE BOND FUND 250,000 252,241
    AMERICAN FUNDS EURO PACIFIC GROWTH FUND 14,908 22,497
    WELLS FARGO FUNDS CORE PLUS BOND FUND 250,000 248,358
    WELLS FARGO &CO NON CUM SER Z PERP MTY 250,000 264,200

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE SCOTT W AND BETSY D THORNTON FAMILY
     
    FOUNDATION
    EIN:
    84-1409425
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BRISTLECONE AT COST 1,419,819 1,573,904
    JUST COMMUNITY AT COST 125,000 125,000
    KEYSTONE VIII AT COST 256,081 256,081

    TY 2020 OtherAssetsSchedule
    Name:
    THE SCOTT W AND BETSY D THORNTON FAMILY
     
    FOUNDATION
    EIN:
    84-1409425
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    A/R 0 18,891 18,891


    TY 2020 OtherDecreasesSchedule
    Name:
    THE SCOTT W AND BETSY D THORNTON FAMILY
     
    FOUNDATION
    EIN:
    84-1409425
    Description Amount
    UNREALIZED GAINS ON STOCK CONTRIBUTION RECEIVED 1,020,984
    NONDEDUCTIBLE EXPENSES 95
    RETAINED EARNINGS ADJUSTMENT 746


    TY 2020 OtherExpensesSchedule
    Name:
    THE SCOTT W AND BETSY D THORNTON FAMILY
     
    FOUNDATION
    EIN:
    84-1409425
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 5 5 0 0
    ADVISORY FEES 72,348 72,348 0 0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE SCOTT W AND BETSY D THORNTON FAMILY
     
    FOUNDATION
    EIN:
    84-1409425
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    KEYSTONE - ORDINARY INCOME 796 796  
    KEYSTONE - MISCELLANEOUS INCOME 125 125  
    BRISTLECONE - MISCELLANEOUS INCOME 57 57  


    TY 2020 TaxesSchedule
    Name:
    THE SCOTT W AND BETSY D THORNTON FAMILY
     
    FOUNDATION
    EIN:
    84-1409425
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 4,474 4,474 0 0
    EXCISE TAX 5,000 0 0 0