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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
B W BASTIAN FOUNDATION
 
% Bruce W Bastain
Number and street (or P.O. box number if mail is not delivered to street address)51 W CENTER ST STE 755
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OREM, UT840574605
A Employer identification number

84-1378232
B Telephone number (see instructions)

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$13,572,157
J 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) 5,400
2 Check bullet.............
3 Interest on savings and temporary cash investments 15,507 15,428 0
4 Dividends and interest from securities... 113,186 113,186 0
5a Gross rents............ 0 0 0
b Net rental income or (loss) 0
6a Net gain or (loss) from sale of assets not on line 10 1,525,117
b Gross sales price for all assets on line 6a 4,449,858
7 Capital gain net income (from Part IV, line 2)... 1,525,117
8 Net short-term capital gain.........  
9 Income modifications........... 0
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0 0
11 Other income (attach schedule)....... 288 288 288
12 Total. Add lines 1 through 11........ 1,659,498 1,654,019 288
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 106,189 106,189 0 106,189
14 Other employee salaries and wages...... 0 0 0 0
15 Pension plans, employee benefits....... 3,435 3,435 0 3,435
16a Legal fees (attach schedule)......... 10,075 10,075 10,075 10,075
b Accounting fees (attach schedule)....... 0 0 0 0
c Other professional fees (attach schedule).... 146,998 146,998 146,998 146,998
17 Interest............... 0 0 0 0
18 Taxes (attach schedule) (see instructions)... 3,657 1,455 1,455 1,455
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 0 0 0 0
21 Travel, conferences, and meetings....... 2,892 2,892 2,892 2,892
22 Printing and publications.......... 0 0 0 0
23 Other expenses (attach schedule)....... 45 45 45 45
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 273,291 271,089 161,465 271,089
25 Contributions, gifts, grants paid....... 823,363 823,363
26 Total expenses and disbursements. Add lines 24 and 25 1,096,654 271,089 161,465 1,094,452
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 562,844
b Net investment income (if negative, enter -0-) 1,382,930
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 252,168 373,147 373,147
2 Savings and temporary cash investments.........      
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)..... 0 0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet   0 0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   798 798
10a Investments—U.S. and state government obligations (attach schedule) 15,026 0 0
b Investments—corporate stock (attach schedule)....... 6,489,769 Click to see attachment7,156,481 10,915,867
c Investments—corporate bonds (attach schedule)....... 121,916 Click to see attachment49,788 49,303
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,476,815 Click to see attachment1,451,868 2,231,061
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
15 Other assets (describe bullet) Click to see attachment2,470 Click to see attachment1,981 Click to see attachment1,981
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,358,164 9,034,063 13,572,157
Liabilities 17 Accounts payable and accrued expenses.......... 260,639 373,694
18 Grants payable................. 0 0
19 Deferred revenue................. 0 0
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 260,639 373,694
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........ 6,409,000 6,409,000
27 Paid-in or capital surplus, or land, bldg., and equipment fund 1,688,525 2,251,369
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 8,097,525 8,660,369
30 Total liabilities and net assets/fund balances (see instructions). 8,358,164 9,034,063
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
8,097,525
2
Enter amount from Part I, line 27a .....................
2
562,844
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
8,660,369
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,660,369
Form 990-PF (2021)
Form 990-PF (2021)
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 Public Traded Securities      
b
c
d
e
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,449,858   2,924,741 1,525,117
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a       1,525,117
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
Bracket 2 1,525,117
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 19,223
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 19,223
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 798
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,202
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 16223 7 3,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 16,223
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet0 RefundedBullet 11  
Part VI-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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 addressbullet  
    14
    The books are in care ofbulletMcKay S Matthews Telephone no.bullet (801) 225-2455

    Located atbullet51 W CENTER ST STE 755OREMUT ZIP+4bullet840574605
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
    Yes
     
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
     
    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? .........................
    8
     
    No
    Part VII
    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
    Bruce W BastainClick to see attachment Trustee
    1.00
    0 0 0
    51 West Center
    Suite 755
    Orem,UT84057
    Rich IthClick to see attachment Trustee
    1.00
    0 0 0
    51 West Center
    Suite 755
    Orem,UT84057
    Michael S MarriottClick to see attachment Trustee
    30.00
    106,189 3,435 0
    51 West Center
    Suite 755
    Orem,UT84057
    McKay S MatthewsClick to see attachment Trustee
    1.00
    0 0 0
    51 West Center
    Suite 755
    Orem,UT84057
    Clinton FordClick to see attachment Trustee
    1.00
    0 0 0
    51 West Centet
    Suite 755
    Orem,UT84057
    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
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    12,722,005
    b
    Average of monthly cash balances.......................
    1b
    306,335
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,028,340
    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
    13,028,340
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    195,425
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    12,832,915
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    641,646
    Part X
    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 IX, line 6..................
    1
    641,646
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    19,223
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    0
    c
    Add lines 2a and 2b............................
    2c
    19,223
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    622,423
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    5,401
    5
    Add lines 3 and 4............................
    5
    627,824
    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 XII, line 1 ...
    7
    627,824
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus
    (b)
    Years prior to 2020
    (c)
    2020
    (d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 627,824
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 299,704
    b From 2017...... 387,578
    c From 2018...... 492,066
    d From 2019...... 419,070
    e From 2020...... 397,003
    f Total of lines 3a through e ........ 1,995,421
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,094,452
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....
     
    c Treated as distributions out of corpus (Election
    required—see instructions)........
     
    d Applied to 2021 distributable amount..... 627,824
    e Remaining amount distributed out of corpus 466,628
    5 Excess distributions carryover applied to 2021. 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 2,462,049
    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......
     
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........
    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) .......
     
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...
    299,704
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......
    2,162,345
    10 Analysis of line 9:
    a Excess from 2017.... 387,578
    b Excess from 2018.... 492,066
    c Excess from 2019.... 419,070
    d Excess from 2020.... 397,003
    e Excess from 2021.... 466,628
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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).)
    Bruce W Bastain
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    None
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    Utah Valley University
    800 W University Parkway
    Orem,UT84058
    No Relationship PC Charitable 100,000
    Utah Symphony and Opera
    123 W South Temple
    N1-200
    Salt Lake City,UT84101
    No Relationship PC Charitable 15,000
    Utah Film Center
    50 W Broadway
    1125
    Salt Lake City,UT84101
    No Relationship PC Charitable 7,500
    Utah AIDS Foundation
    1408 S 1100 E
    N1-200
    Salt Lake City,UT84105
    No Relationship PC Charitable 30,250
    Volunteers of America
    432 W Bearcat Dr
    South Salt Lake,UT84115
    No Relationship PC Charitable 15,000
    We Care Fund
    698 W 500 S
    West Bountiful,TX84087
    No Relationship PC Charitable 500
    Westminister College
    1840 S 1300 E
    Salt Lake City,UT84105
    No Relationship PC Charitable 30,000
    Ogden Youth Futures
    2760 Adams Ave
    Ogden,UT84403
    No Relationship PC Charitable 10,000
    Fourth Street Clinic
    409 W 400 S
    Salt Lake City,UT84101
    No Relationship PC Charitable 4,000
    U of U Department of Pediatrics
    295 Chipeta Way
    Suite 1900
    Salt Lake City,UT84108
    No Relationship PC Charitable 5,000
    U of U Kingsbury Hall
    1395 E Presidents Circle
    N1-200
    Salt Lake City,UT84112
    No Relationship PC Charitable 3,000
    Utah Food Bank
    3150 S 900 W
    South Salt Lake,UT84119
    No Relationship PC Charitable 5,000
    Utah Animal Adoption Center
    8465 S 700 E
    Sandy,UT84070
    No Relationship PC Charitable 10,000
    Utah Pride Center
    1380 S Main St
    Salt Lake City,UT84115
    No Relationship PC Charitable 100,000
    Victory Fund Institute
    1225 I Street NW
    Suite 525
    Washington DC,DC20005
    No Relationship PC Charitable 20,000
    6th Judicial District CASA
    836 E Center St A
    Pocatello,ID83201
    No Relationship PC Charitable 1,500
    ACLU of Utah
    355 N 300 W
    Salt Lake City,UT84103
    No Relationship EOF Charitable 20,000
    Ballet West
    2455 Executive Pkwy
    002
    Lehi,UT84043
    No Relationship PC Charitable 35,000
    Bishop John T Walker School for Boy
    1801 Mississippi Ave SE
    Washington,DC20020
    No Relationship PC Charitable 2,500
    Tyler Clement Foundation
    PO Box 345
    Harrison,NJ07029
    No Relationship PC Charitable 7,500
    Uf of U College of Health
    383 Colorow Drive
    N1-200
    Salt Lake City,UT84108
    No Relationship PC Charitable 7,500
    Bridgercare
    1288 N 14th Ave
    201
    Bozeman,MT59715
    No Relationship PC Charitable 2,500
    Center for American Progress
    1333 H Street
    Washington,DC20020
    No Relationship PC Charitable 15,000
    Center for Documentary Expression A
    243 E 400 S
    301
    Salt Lake City,UT84111
    No Relationship PC Charitable 15,000
    Community Nursing Services
    2830 South Redwood Road
    Suite A
    West Valley City,UT84119
    No Relationship PC Charitable 5,000
    Crossroads Urban Center
    347 S 400 E
    Salt lake City,UT84111
    No Relationship PC Charitable 3,000
    EmpowerMT
    2300 Regent St Suite 101
    Missoula,MT59801
    No Relationship PC Charitable 5,000
    Encircle
    331 S 600 E
    Salt Lake City,UT84102
    No Relationship PC Charitable 25,000
    Equality Utah Foundation
    350 E 400 S 305
    Suite 1900
    Salt Lake City,UT84111
    No Relationship PC Charitable 20,000
    Flourish Therapy
    1426 E 820 N
    Orem,UT84097
    No Relationship PC Charitable 8,313
    Fredeom For all Americans
    1629 K Street NW Suite 300
    Washington,DC200066311
    No Relationship PC Charitable 5,000
    Great Falls LGBTQ Center
    1400 1st Ave N
    Great Falls,MT59401
    No Relationship PC Charitable 2,000
    KUER
    101 S Wasatch Dr
    N1-200
    Salt Lake City,UT84112
    No Relationship PC Charitable 7,500
    Operation Warm
    PO Box 822431
    Philadelphia,PA19182
    No Relationship PC Charitable 3,500
    PBS Utah
    101 S Wasatch Dr
    Salt Lake City,UT84112
    No Relationship PC Charitable 7,500
    Plan B theatre
    138 W 300 S
    Salt Lake City,UT84101
    No Relationship PC Charitable 10,000
    Planned Parenthood
    654 S 900 E
    Salt Lake City,UT84102
    No Relationship PC Charitable 10,000
    Rape Recovery Center
    2035 S 1300 E
    Salt Lake City,UT84105
    No Relationship PC Charitable 3,000
    RDT
    PO BOX 510427
    Salt Lake City,UT84151
    No Relationship PC Charitable 6,000
    Ririe Woodbury
    138 W Broadway
    N1-200
    Salt Lake City,UT84101
    No Relationship PC Charitable 5,000
    Road Home
    1415 S Main St
    Salt Lake City,UT84115
    No Relationship PC Charitable 1,000
    Lambda Legal Wester Regional Office
    4221 Wilshire Blvd Suite 280
    Los Angeles,CA900105123
    No Relationship PC Charitable 10,000
    LGBT Resource Center U of U
    200 S Central Campus Drive
    Rm 409
    Salt Lake City,UT84112
    No Relationship PC Charitable 12,500
    Media Matters for America
    PO Box 44811
    Washinton,DC20026
    No Relationship PC Charitable 25,000
    Ronald McDonald House
    935 E South Temple
    Suite 1900
    Salt Lake City,UT84102
    No Relationship PC Charitable 1,500
    Salt Lake Acting Company
    168 W 500 N
    N1-200
    Salt Lake City,UT84103
    No Relationship EOF Charitable 7,500
    Salt Lake Tribune
    90 S 400 W Suite 700
    N1-200
    Salt Lake City,UT84111
    No Relationship PC Charitable 10,000
    SB Dance
    138 W 300 S
    N1-200
    Salt Lake City,UT84101
    No Relationship PC Charitable 2,500
    Northern Utah Coalition
    727-24th Street
    Suite 2A
    Ogden,UT84401
    No Relationship PC Charitable 5,000
    Alpine School District Foundation
    575 North 100 East
    American Fork,UT84003
    No Relationship PC Charitable 4,500
    Anti Bullying Coalition
    1218 W South Jordan Parkway
    Suite B
    South Jordan,UT84020
    No Relationship PC charitable 10,000
    Athlete Ally
    25 West 45th Street
    Suite 504
    New York,NY10036
    No Relationship PC charitable 5,000
    Best Friends Animal Shelter
    5001 Angel Canyon Road
    Kanab,UT84741
    No Relationship PC charitable 500
    Big Brothers Big Sisters of Utah
    2121 South State Street
    Apt 201
    South Sale Lake,UT84115
    No Relationship PC charitable 1,500
    Campus Pride
    P O Box 240473
    Charlotte,NC28224
    No Relationship PC charitable 2,500
    Congregation Ahavath Beth Israel
    11 North Latah Street
    Boise,ID83706
    No Relationship PC charitable 1,500
    FreedHearts
    P O Box 28881
    Seattle,WA98118
    No Relationship PC charitabale 5,000
    GLAAD Inc
    104 Weset 29th Street
    4th Floor
    New York,NY10001
    No Relationship PC charitable 10,000
    Good Company Theater at South Churc
    242 Salmon Brook Road
    Granby,CT06035
    No Relationship PC charitable 1,800
    Utah Zoological Society
    2600 Sunnyside Avenue
    Salt Lake City,UT84108
    No Relationship PC charitable 6,000
    Hope In A Box
    1105 Massachusetts Ven
    12D
    Cambridge,MA02163
    No Relationship PC charitable 2,500
    Mental Health America of Utah
    4001 South 700 East
    Suite 500
    Murry,UT84107
    No Relationship PC charitable 1,000
    National Gallery of Art
    2000 South Club Drive
    Landover,MD20785
    No Relationship PC charitable 2,500
    North Idaho AIDS Coalition
    2201 North Government Way
    Suite E
    Coeur dAlene,ID83814
    No Relationship PC charitable 3,000
    Project Rainbow Utah
    308 West 200 South
    Suite 308
    Salt Lake City,UT84101
    No Relationship PC charitable 7,000
    Salt Lake Academy of Music
    1192 Wilmington Ave
    Salt Lake City,UT84106
    No Relationship PC charitaable 4,000
    Stand with Trans
    23332 Farmington Raod
    84
    Farmington,MI48336
    No Relationship PC charitable 5,000
    Street Dawg Crew
    1365 Teakwood Drive
    Taylorsville,UT84123
    No Relationship PC charitable 300
    Thanksgiving Point
    3003 North Thanksgiving Way
    Lehi,UT84043
    No Relationship PC charitable 1,500
    The INN Between
    1216 East 1300 South
    Salt Lake City,UT84105
    No Relationship PC charitaable 3,000
    The Treavor Project
    P O Box 69232
    West Hollywood,CA90069
    No Relationship PC charitable 10,000
    Truth Wins Out
    6081 Lake Hibiscus Drive
    Delray Beach,FL33484
    No Relationship EOF charitable 5,000
    University of Utah A Ray Olpin
    200 South Central Campus Drive
    Salt Lake City,UT84112
    No Relationship PC charitable 10,000
    University of Utah College of Educa
    1721 Campus Center Drive
    Salt Lake City,UT84112
    No Relationship PC charitable 15,000
    University of Utah Dept of Internal
    30 North 1900 East
    Salt Lake City,UT84132
    No Relationship PC charitable 10,000
    Utah State University
    Old Main Hill
    Logan,UT84322
    No Relationship PC charitable 2,500
    Utah LGBTQ Chamber of Commerce
    P O Box 520394
    Salt Lake City,UT84152
    No Relationship PC charitable 4,200
    Utah Youth Orchestra and Ensembles
    P O Box 58168
    Salt Lake City,UT84168
    No Relationship PC charitable 2,500
    Utah Immigration Coalition
    1750 Research Way
    Wet Valley City,UT84119
    No Relationship PC charitable 10,000
    Utah Humane Society
    4242 South 300 West
    P O Box 573659
    Murray,UT84157
    No Relationship PC charitable 500
    Utah Cultural Alliance
    26 South Rio Grande Street
    Suite 2072
    Salt Lake City,UT84101
    No Relationship PC charitable 3,000
    Wyoming Equality
    110 East Lincolnway
    Unit B
    Cheyenne,WY82001
    No Relationship PC charitable 5,000
    Equality Federation
    350 East 400 South
    305
    Salt Lake City,UT84111
    No Relationship PC charitable 5,000
    Total .................................bullet 3a 823,363
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ....   0   0 0
    3 Interest on savings and temporary cash
    investments ...........
      0   0 0
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......   0   0 0
    bNot debt-financed property.....   0   0 0
    6 Net rental income or (loss) from personal property   0   0 0
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............
      0   0 0
    9 Net income or (loss) from special events:   0   0 0
    10 Gross profit or (loss) from sales of inventory   0   0 0
    11 Other revenue:
    a  
      0   0 0
    b     0   0 0
    c     0   0 0
    d     0   0 0
    e     0   0 0
    12 Subtotal. Add columns (b), (d), and (e) .. 0 0 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    0
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID: 21013404
    Software Version: V1.0
    Part VI Line 7 - Tax Paid with the Original Return: 16,223


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    B W BASTIAN FOUNDATION
    EIN:
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    Software ID:
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    Software Version:
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    TY 2021 InvestmentsCorpStockSchedule
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    TY 2021 InvestmentsGovtObligationsSch
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    US Government Securities - End of Year Book Value:

    15,026
    US Government Securities - End of Year Fair Market Value:

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    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


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    TY 2021 InvestmentsOtherSchedule2
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    EIN:
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    Software ID:
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    Software Version:
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    TY 2021 LegalFeesSchedule
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    Software ID:
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    Software Version:
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    TY 2021 OtherAssetsSchedule
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    EIN:
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    Software ID:
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    Software Version:
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    TY 2021 OtherExpensesSchedule
    Name:
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    EIN:
    84-1378232
    Software ID:
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    Software Version:
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    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Fees and retuned chartable donation 45 45 45 45


    TY 2021 OtherIncomeSchedule2
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    Software ID:
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    TY 2021 OtherProfessionalFeesSchedule
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    EIN:
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    Software ID:
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    Software Version:
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    TY 2021 TaxesSchedule
    Name:
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    EIN:
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    Software ID:
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    Software Version:
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    Excise Taxes 3,657 1,455 1,455 1,455