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
Beverley Taylor Sorenson Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)2755 E Cottonwood Pkwy 500
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Salt Lake City, UT84121
A Employer identification number

46-3784084
B Telephone number (see instructions)

(801) 490-1013
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$32,876,642J 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) 3,010
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 869,965 933,195  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,539,564
b Gross sales price for all assets on line 6a 6,997,883
7 Capital gain net income (from Part IV, line 2)... 1,706,479
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 119,636 -21,348  
12 Total. Add lines 1 through 11........ 2,532,175 2,618,326  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 924 0   924
b Accounting fees (attach schedule)....... Click to see attachment 28,279 0   28,279
c Other professional fees (attach schedule).... Click to see attachment 151,964 151,964   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 40,469 16,327   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 704 0   704
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 222,340 168,291   29,907
25 Contributions, gifts, grants paid....... 1,613,295 1,613,295
26 Total expenses and disbursements. Add lines 24 and 25 1,835,635 168,291   1,643,202
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 696,540
b Net investment income (if negative, enter -0-) 2,450,035
c Adjusted net income (if negative, enter -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............. 3,452 31,260 31,260
2 Savings and temporary cash investments......... 1,000,671 1,104,287 1,104,287
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) 1,372,178 Click to see attachment1,275,325 1,275,325
b Investments—corporate stock (attach schedule)....... 21,875,127 Click to see attachment23,046,177 23,046,177
c Investments—corporate bonds (attach schedule)....... 1,130,515 Click to see attachment1,197,735 1,197,735
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,280,580 Click to see attachment5,197,343 6,221,858
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 29,662,523 31,852,127 32,876,642
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 29,662,523 31,852,127
29 Total net assets or fund balances (see instructions)..... 29,662,523 31,852,127
30 Total liabilities and net assets/fund balances (see instructions). 29,662,523 31,852,127
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
29,662,523
2
Enter amount from Part I, line 27a .....................
2
696,540
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,493,064
4
Add lines 1, 2, and 3 ..........................
4
31,852,127
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
31,852,127
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 Publicly traded securities      
b passthrough K-1 short-term loss P    
c passthrough K-1 long-term gain P    
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 6,997,883   5,415,318 1,582,565
b       -733
c       124,647
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       1,582,565
b       -733
c       124,647
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 1,706,479
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 0
3 Add lines 1 and 2........................... 3 34,055
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 34,055
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 41,629
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 41,629
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 7,574
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet7,574 RefundedBullet 11 0
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 addressbulletN/A
    14
    The books are in care ofbulletJames Lee Sorenson Telephone no.bullet (801) 490-1013

    Located atbullet2755 E Cottonwood Pkwy 500Salt Lake CityUT ZIP+4bullet84121
    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)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (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
     
     
    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
    Yes
     
    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
     
    No
    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
     
    No
    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
     
    No
    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
    James Lee Sorenson Director
    1.00     		0 0 0
    2755 E Cottonwood Pkwy 500
    Salt Lake City,UT84121
    Joan Fenton Director
    1.00     		0 0 0
    2755 E Cottonwood Pkwy 500
    Salt Lake City,UT84121
    Joseph Sorenson Director
    1.00     		0 0 0
    2755 E Cottonwood Pkwy 500
    Salt Lake City,UT84121
    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 (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
    Sepio Capital Investment advice 151,814
    2795 E Cottonwood Pkwy STE 600
    Salt Lake City,UT84121
    Total number of others receiving over $50,000 for professional services.............bullet0
    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.........................bullet0
    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
    26,896,548
    b
    Average of monthly cash balances.......................
    1b
    1,007,495
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,662,775
    d
    Total (add lines 1a, b, and c).........................
    1d
    32,566,818
    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
    32,566,818
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    488,502
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    32,078,316
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,603,916
    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
    1,603,916
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    34,055
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    34,055
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,569,861
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,569,861
    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
    1,569,861
    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 1,569,861
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 1,625,777
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,643,202
    a Applied to 2020, but not more than line 2a 1,625,777
    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 2021 distributable amount..... 17,425
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		1,552,436
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    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).)
    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 (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
    American Indian Services
    3115 E Lion Ln Suite 320
    Cottonwood Heights,UT84121     		None PC AIS scholarship program 100,000
    Hale Center Theater
    3333 S Decker Lake Dr
    Salt Lake City,UT84119     		None PC New rehearsal ans scene facility 100,000
    Intermountain Healthcare Foundation
    1034 N 500 W
    Provo,UT84604     		None PC Hopital construction 500,000
    Junior Achievement of Utah
    515 South 700 East Suite 1F
    Salt Lake City,UT84102     		None PC Whole school funding for JA education 12,500
    Spy Hop Productions
    699 S West Temple Suite 202
    Salt Lake City,UT84101     		None PC Arts outreach program 75,000
    University of Utah
    1395 Presidents Circle
    Salt Lake City,UT84112     		None GOV Funding for Arts Endowed Chair 55,000
    University of Utah
    1395 Presidents Circle
    Salt Lake City,UT84112     		None GOV Museum of Fine Arts 50,000
    Utah Chamber Artists
    11640 Littler Rd
    Sandy,UT84092     		None PC Concert series 115,000
    Utah Food Bank
    3150 S 900 W
    Salt Lake City,UT84119     		None PC General support 100,000
    Voices for Utah Children
    747 E South Temple Suite 100
    Salt Lake City,UT84112     		None PC Utah Juvenile Justice Program 40,000
    Weber State Univiersity
    3950 West Campus Dr - Dept 1905
    Odgen,UT84403     		None GOV Arts internship program 48,945
    Community Foundation of Utah
    2257 S 1100 E
    Salt Lake City,UT84116     		None PC Afghan Community Fund 200,000
    Utah Film Center
    50 West Broadway
    Salt Lake City,UT84101     		None PC Media arts education program 30,000
    Southern Utah University
    351 W University Blvd
    Cedar City,UT84720     		None GOV Art learning and engagement 36,850
    United Way of Utah
    257 E 200 S 300
    Salt Lake City,UT84111     		None PC Programs to improve health outcomes 150,000
    Total .................................bullet 3a 1,613,295
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,539,564  
    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 2,529,165 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,529,165
    (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
    Friends of the Beverley Taylor Sorenson Arts Learning Program 501(c)(4) Beverley Taylor Sorenson Foundation shares common directors with Friends of the Beverley Taylor Sorenson Arts Learning Program
    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:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    Beverley Taylor Sorenson Foundation
    EIN:
    46-3784084
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting 28,279 0   28,279

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    Beverley Taylor Sorenson Foundation
    EIN:
    46-3784084
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 27,721 27,721
    Abbvie Inc Note 26,844 26,844
    African Dev BK MTN Note 20,075 20,075
    Alexandria Real Estate EQ Inc Note 12,046 12,046
    American Electric Power Note 24,498 24,498
    American Express Note 26,095 26,095
    American Tower Corp Note 10,619 10,619
    Amgen Inc Note 25,804 25,804
    Anthem Inc Note 22,017 22,017
    AON Corp Note 25,880 25,880
    AT&T Note 27,665 27,665
    Bank of America Corp Note 38,658 38,658
    Boston PPTYS LTD Note Nov 2023 10,618 10,618
    Carrier Global Corp Ser B Note 10,329 10,329
    Citigroup Inc Note 31,995 31,995
    Comcast Corp Note 37,701 37,701
    CVS Health Corp Note 22,690 22,690
    Disney Walt co Note 35,082 35,082
    DTE Electric Co Note 25,278 25,278
    Enbridge Inc Note 11,032 11,032
    Equinix Inc Note 9,469 9,469
    General Mills Inc Note Sep 2023 26,352 26,352
    Goldman Sachs Group Inc Note 21,916 21,916
    Home Depot Note Jun 2025 48,504 48,504
    JP Morgan Chase Note Oct 2026 38,720 38,720
    Lincoln National Corp Note 10,549 10,549
    Lowes Cos Inc Note 26,814 26,814
    Mastercard Inc Note 33,299 33,299
    Merck & Co Inc Note 38,485 38,485
    Microsoft Corp Note 47,599 47,599
    Mistubishi UFJ Financial Group Inc Note 36,446 36,446
    Morgan Stanley MTN Note 20,950 20,950
    Nike Inc Note 32,017 32,017
    PNC Financial Services Inc Note 21,252 21,252
    Public Svc Enterprise Group Note 36,294 36,294
    Schlumberger SA Note Dec 2023 41,905 41,905
    Sempra Energy Note 26,986 26,986
    Shell International Fin BV Note 31,961 31,961
    Simon Property Group LP Note 15,907 15,907
    Starbucks corp Note 5,470 5,470
    State Street Corp Note 31,044 31,044
    Target Corp Note 10,357 10,357
    Toronto Dominion Bank Note 38,928 38,928
    Total Capital Intl Note 21,938 21,938
    UnitedHealth Group Note 33,061 33,061
    Verizon Communications Inc Note 18,865 18,865

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Beverley Taylor Sorenson Foundation
    EIN:
    46-3784084
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ENVISTA HOLDINGS CORPORATION COM 27,350 27,350
    RIVERVIEW BANCORP INC COM 16,294 16,294
    CASEYS GENERAL STORES INC 10,853 10,853
    NORDSON CORP 13,018 13,018
    BURLINGTON STORES INC 9,036 9,036
    FACTSET RESEARCH SYSTEMS INC 8,747 8,747
    COLUMBIA SPORTSWEAR CO 15,687 15,687
    PARKE BANCORP INC COM STK USD0.10 18,598 18,598
    HURCO CO COM 13,157 13,157
    LCNB CORP COM NPV 10,292 10,292
    AXT INC 20,862 20,862
    INTERNATIONAL SEAWAYS INC COM NPV 11,700 11,700
    LANDSTAR SYSTEM INC 18,618 18,618
    COMTECH TELECOMMUNICATIONS CORP 21,392 21,392
    COOPER-STANDARD HOLDINGS INC 15,821 15,821
    DECKERS OUTDOOR CORP 9,158 9,158
    WEST BANCORPORATION INC 21,345 21,345
    BERKLEY W R CORP COM 37,570 37,570
    LKQ CORP 18,549 18,549
    LAKELAND INDUSTRIES INC 11,436 11,436
    MORNINGSTAR INC 19,493 19,493
    BARRETT BUSINESS SVCS INC COM 25,276 25,276
    LENNOX INTERNATIONAL INC COM USD0.01 18,813 18,813
    BLACKBAUD INC 12,637 12,637
    RIMINI STR INC DEL COM 17,564 17,564
    LIFETIME BRANDS INC 20,905 20,905
    EAGLE BANCORP MONTANA INC COM USD0.01 14,822 14,822
    IDEX CORP COM USD0.01 14,416 14,416
    BROADRIDGE FINANCIAL SOLUTION INC COM USD0.01 10,604 10,604
    ACACIA RESEARCH CORP 14,400 14,400
    INTEST CORP 21,013 21,013
    WHOLE EARTH BRANDS INC COM CL A 19,064 19,064
    FIRST BUSINESS FINL SVCS INC W COM 21,878 21,878
    BLACK KNIGHT INC COM 12,351 12,351
    ARC DOCUMENT SOLUTIONS INC 18,351 18,351
    GRACO INC 9,110 9,110
    BIO-TECHNE CORP COM 13,968 13,968
    HERITAGE INSURANCE HLDGS INC COM 10,655 10,655
    KIMBALL ELECTRONICS INC 15,558 15,558
    CHOICE HOTELS INTERNATIONAL INC 20,591 20,591
    HENRY JACK &ASSOCIATES INC COM USD0.01 8,350 8,350
    METROPOLITAN BK HLDG CORP COM 21,945 21,945
    MARKEL CORP COM NPV 22,212 22,212
    TRIMBLE INC COM 6,452 6,452
    LEVEL ONE BANCORP INC COM 16,368 16,368
    ACUITY BRANDS INC 11,221 11,221
    PROFIRE ENERGY INC 5,241 5,241
    UMPQUA HOLDINGS CORP 8,331 8,331
    ULTA BEAUTY INC COM 15,669 15,669
    CAPITAL BANCORP INC MD COM 20,829 20,829
    STERLING CONSTR INC COM 18,542 18,542
    HAMILTON BEACH BRANDS HLDG CO COM CL A 10,598 10,598
    WEX INC 19,093 19,093
    ALICO INC 16,923 16,923
    PAM TRANSPORTATION SERVICES INC 13,137 13,137
    POOL CORP COM 9,056 9,056
    ADVANCED DRAINAGE SYSTEMS INC 5,445 5,445
    CRA INTERNATIONAL INC 20,633 20,633
    HORIZON BANCORP INC COM 7,860 7,860
    NATURAL GAS SVCS GROUP INC COM 16,804 16,804
    LANDEC CORP 13,176 13,176
    TERMINIX GLOBAL HOLDINGS INC COM 19,494 19,494
    CIVISTA BANCSHARES INC COM NO PAR 12,200 12,200
    DHI GROUP INC COM 12,374 12,374
    NORTHEAST BK LEWISTON ME COM 28,655 28,655
    BAYCOM CORP COM 6,303 6,303
    SEI INVTS CO COM 20,232 20,232
    MANHATTAN ASSOCIATES INC COM 10,884 10,884
    TWIN DISC INC 17,722 17,722
    BGSF INC COM 21,367 21,367
    ZOVIO INC COM 2,477 2,477
    BOOZ ALLEN HAMILTON HLDG CORP CL A 14,584 14,584
    JONES LANG LASALLE INC COM USD0.01 21,278 21,278
    QUANTUM CORP COM NEW 17,256 17,256
    ONE STOP SYS INC COM 6,747 6,747
    HUNT J.B. TRANSPORT SERVICES INC COM USD0.01 25,959 25,959
    ASURE SOFTWARE INC 19,176 19,176
    DOLBY LABORATORIES INC COM CL A 18,758 18,758
    HENRY SCHEIN INC COM 6,668 6,668
    ESQUIRE FINL HLDGS INC COM 29,516 29,516
    APTARGROUP INC 22,414 22,414
    MISTRAS GROUP INC COM USD0.01 3,277 3,277
    STRATTEC SECURITY CORP 12,957 12,957
    DMC GLOBAL INC COM 15,408 15,408
    TELEFLEX INCORPORATED COM 12,482 12,482
    ARAMARK COM 27,638 27,638
    SMITH MICRO SOFTWARE INC COM NEW 23,513 23,513
    TELEDYNE TECHNOLOGIES INC 5,680 5,680
    ATLANTIC CAP BANCSHARES INC COM 14,903 14,903
    ORRSTOWN FINANCIAL SERVICES INC COM NPV 10,886 10,886
    RPM INTERNATIONAL INC 25,553 25,553
    UNITY BANCORP INC 15,671 15,671
    UNIVERSAL ELECTRONICS INC 18,419 18,419
    BROWN & BROWN INC 24,317 24,317
    DESTINATION XL GROUP INC 10,389 10,389
    CARLISLE COMPANIES INC 38,210 38,210
    GODADDY INC CL A 10,183 10,183
    SERVICE CORPORATION INTERNATIONAL COM USD1.00 8,590 8,590
    AMTECH SYSTEMS INC 21,687 21,687
    FARMERS NATIONAL BANC CORP COM 15,916 15,916
    PROSPERITY BANCSHARES INC 10,628 10,628
    PHOTRONICS INC 32,271 32,271
    AFFILIATED MANAGERS GROUP INC COM 19,906 19,906
    BOWMAN CONSULTING GROUP LTD COM 12,874 12,874
    HEXCEL CORP 14,711 14,711
    NN INC COM 6,376 6,376
    SILVERCREST ASSET MANAGEMENT GROUP INC 17,118 17,118
    IAA INC COM 14,275 14,275
    UNIQUE FABRICATING INC COM 3,691 3,691
    WOODWARD INC COM 7,443 7,443
    CACI INTERNATIONAL INC 17,499 17,499
    DENTSPLY SIRONA INC COM 8,592 8,592
    BUILD-A-BEAR WORKSHOP INC COM 23,053 23,053
    FS BANCORP INC COM 19,674 19,674
    USCB FINANCIAL HOLDINGS INC CLASS A COM 11,484 11,484
    GARTNER INC COM USD0.0005 13,038 13,038
    KIRBY CORP 11,409 11,409
    NORTHWEST PIPE CO COM STK USD0.01 31,991 31,991
    BM TECHNOLOGIES INC CL A COM 13,833 13,833
    FIRST NORTHWEST BANCORP COM USD0.01 15,251 15,251
    MANITEX INTERNATIONAL INC 17,732 17,732
    ACCENTURE PLC 26,531 26,531
    AMERIPRISE FINANCIAL INC COM USD0.01 9,050 9,050
    MICRON TECHNOLOGY INC 13,134 13,134
    TEXAS INSTRUMENTS INC COM USD1.00 14,324 14,324
    VERISK ANALYTICS INC COM 7,548 7,548
    ALLSTATE CORP COM USD0.01 5,765 5,765
    ZIMMER BIOMET HOLDINGS INC COM 5,717 5,717
    BIO-TECHNE CORP COM 7,243 7,243
    ROCKWELL AUTOMATION INC COM USD1 9,070 9,070
    WILLIS TOWERS WATSON PLC COM USD0.000304635 45,361 45,361
    HCA HEALTHCARE INC COM 7,194 7,194
    ANTHEM INC 12,979 12,979
    DEERE & CO 13,716 13,716
    GENUINE PARTS CO COM USD1.00 7,150 7,150
    GOLDMAN SACHS GROUP INC COM USD0.01 19,510 19,510
    AIR PRODUCTS AND CHEMICALS INC 94,625 94,625
    MARRIOTT INTERNATIONAL INC COM USD0.01 CLASS A 143,924 143,924
    ORACLE CORP 14,128 14,128
    S&P GLOBAL INC COM 15,102 15,102
    CANADIAN PACIFIC RAILWAY COMPANY COM 3,669 3,669
    ILLINOIS TOOL WORKS INC COM USD0.01 14,561 14,561
    APPLE INC 160,878 160,878
    CAPITAL ONE FINANCIAL CORP COM USD0.01 48,460 48,460
    UNITEDHEALTH GROUP INC 43,686 43,686
    GLOBAL PAYMENTS INC 7,300 7,300
    NORFOLK SOUTHN CORP COM 107,473 107,473
    ADOBE SYSTEMS INCORPORATED COM 24,384 24,384
    DR HORTON INC COM STK USD0.01 8,134 8,134
    DOVER CORP COM USD1.00 8,898 8,898
    TJX COMPANIES INC 13,286 13,286
    HALLIBURTON CO COM USD2.50 11,115 11,115
    AUTODESK INC 7,030 7,030
    CENTENE CORP 6,015 6,015
    FORTIVE CORP COM 5,722 5,722
    DOMINION ENERGY INC COM 82,645 82,645
    EQUIFAX INC COM USD1.25 6,441 6,441
    ADVANCED MICRO DEVICES INC 17,268 17,268
    CITIZENS FINL GROUP INC COM 6,048 6,048
    GOLDMAN SACHS GROUP INC COM USD0.01 136,188 136,188
    OTIS WORLDWIDE CORP COM 6,008 6,008
    ILLUMINA INC COM USD0.01 8,750 8,750
    EDWARDS LIFESCIENCES CORP 13,085 13,085
    KRAFT HEINZ CO COM 9,370 9,370
    PPG INDUSTRIES INC COM USD1.666 8,794 8,794
    NOV INC COM 7,602 7,602
    META PLATFORMS INC CLASS A COMMON STOCK 223,673 223,673
    JOHNSON CONTROLS INTERNATIONAL PLC COM 13,172 13,172
    GENERAC HLDGS INC COM USD0.01 4,575 4,575
    CBRE GROUP INC COM USD0.01 CLASS A 8,464 8,464
    LINCOLN NATIONAL CORP COM NPV 8,259 8,259
    GARTNER INC COM USD0.0005 6,352 6,352
    FASTENAL COM STK USD0.01 7,239 7,239
    CIGNA CORP NEW COM 11,482 11,482
    MCCORMICK &COMPANY INC COM NPV 7,632 7,632
    PACCAR INC COM USD1.00 7,943 7,943
    SYSCO CORP 9,033 9,033
    PRUDENTIAL FINANCIAL INC 16,561 16,561
    CHEVRON CORP NEW COM 69,823 69,823
    MASTERCARD INCORPORATED CL A 29,824 29,824
    AFLAC INC COM USD0.10 9,284 9,284
    HUMANA INC 6,494 6,494
    MICROSOFT CORP 104,596 104,596
    ZOETIS INC 20,499 20,499
    FISERV INC 9,964 9,964
    LENNAR CORP COM USD0.10 CLASS A 7,550 7,550
    VIACOMCBS INC CL B 4,135 4,135
    AMERICAN EXPRESS CO COM USD0.20 16,851 16,851
    DISH NETWORK CORPORATION CL A 54,629 54,629
    INTEL CORP COM USD0.001 61,337 61,337
    CARRIER GLOBAL CORPORATION COM 7,648 7,648
    INGERSOLL RAND INC COM 10,209 10,209
    FIFTH THIRD BANCORP 8,884 8,884
    QUALCOMM INC 19,201 19,201
    CSX CORP COM USD1 14,551 14,551
    APPLIED MATERIALS INC COM USD0.01 19,827 19,827
    INTUIT INC 17,367 17,367
    HOME DEPOT INC 43,991 43,991
    PAYPAL HLDGS INC COM 20,932 20,932
    ALIGN TECHNOLOGY INC COM USD0.0001 7,886 7,886
    STANLEY BLACK & DECKER INC 7,733 7,733
    PEPSICO INC 30,573 30,573
    SEMPRA COM 14,022 14,022
    BOSTON SCIENTIFIC CORP 10,620 10,620
    INTUITIVE SURGICAL INC 18,684 18,684
    WOODWARD INC COM 19,265 19,265
    IQVIA HLDGS INC COM 13,825 13,825
    BOOKING HOLDINGS INC COM 14,395 14,395
    NINTENDO 8 ADR REP ORD 51,540 51,540
    APTIV PLC COM 18,145 18,145
    CHUBB LIMITED COM NPV 11,212 11,212
    SYNCHRONY FINANCIAL COM 6,819 6,819
    TARGET CORP 107,620 107,620
    V F CORP COM NPV 6,517 6,517
    TRUIST FINL CORP COM 13,057 13,057
    NVIDIA CORPORATION COM 64,704 64,704
    JOHNSON &JOHNSON COM USD1.00 96,997 96,997
    PROGRESSIVE CORP COM 76,372 76,372
    EVERSOURCE ENERGY 14,102 14,102
    COMCAST CORP 133,224 133,224
    MARSH &MCLENNAN COMPANIES INC COM USD1.00 14,949 14,949
    CINTAS CORP 6,204 6,204
    HUNTINGTON BANCSHARES INC COM USD0.01 8,913 8,913
    XILINX INC 5,937 5,937
    CHARTER COMMUNICATIONS INC NEW CL A 12,387 12,387
    METLIFE INC COM USD0.01 12,373 12,373
    MORGAN STANLEY COM USD0.01 21,104 21,104
    AUTOMATIC DATA PROCESSING INC COM USD0.10 13,315 13,315
    ATMOS ENERGY CORP COM NPV 8,801 8,801
    ALBEMARLE CORP COM USD0.01 6,546 6,546
    STATE STREET CORP 7,998 7,998
    GENERAL ELECTRIC CO COM NEW 124,606 124,606
    FASTENAL COM STK USD0.01 76,552 76,552
    YUM! BRANDS INC 8,054 8,054
    ARISTA NETWORKS INC COM USD0.0001 6,900 6,900
    CITIGROUP INC 123,437 123,437
    ALPHABET INC CAP STK CL A 86,911 86,911
    IHS MARKIT LTD COM 10,501 10,501
      6,813 6,813
    AON PLC SHS CL A COM USD0.01 129,541 129,541
    MSCI INC 7,352 7,352
    ESTEE LAUDER COMPANIES INC COM USD0.01 CLASS A 17,399 17,399
    AON PLC SHS CL A COM USD0.01 8,416 8,416
    CISCO SYSTEMS INC 29,340 29,340
    AT&T INC COM USD1 25,559 25,559
    ALTRIA GROUP INC 56,157 56,157
    ACTIVISION BLIZZARD INC COM 7,318 7,318
    PRINCIPAL FINANCIAL GROUP INC COM 8,463 8,463
    LYONDELLBASELL INDUSTRIES N V COM EUR0.04 CLASS A 26,286 26,286
    BIOGEN INC COM USD0.0005 7,917 7,917
    MICROSOFT CORP 208,518 208,518
    FRANKLIN RESOURCES INC COM 33,758 33,758
    INTERNATIONAL BUS MACH CORP COM USD0.20 15,638 15,638
    NASDAQ INC COM STK 6,930 6,930
    THERMO FISHER SCIENTIFIC INC 28,024 28,024
    EDISON INTERNATIONAL 12,558 12,558
    WABTEC COM 7,737 7,737
    AGILENT TECHNOLOGIES INC COM USD0.01 8,461 8,461
    INTERCONTINENTAL EXCHANGE INC COM USD0.01 10,668 10,668
    BLACKROCK INC COM USD0.01 128,178 128,178
    TE CONNECTIVITY LTD COM CHF0.57 9,358 9,358
    CADENCE DESIGN SYSTEMS INC COM USD0.01 6,336 6,336
    EBAY INC. COM 5,387 5,387
    IAC INTERACTIVECORP NEW COM NEW 25,750 25,750
    VERIZON COMMUNICATIONS INC 56,792 56,792
    EMERSON ELECTRIC CO 14,038 14,038
    VERIZON COMMUNICATIONS INC 26,292 26,292
    INTERNATIONAL FLAVORS &FRAGRANCES COM USD0.125 9,792 9,792
    BEST BUY CO INC COM USD0.10 5,283 5,283
    SAFRAN SA UNSPON ADR EA REP 0.25 ORD 45,912 45,912
    NETFLIX INC 24,098 24,098
    TWITTER INC COM USD0.000005 9,163 9,163
    STARBUCKS CORP COM USD0.001 23,394 23,394
    UNITED PARCEL SERVICE INC 102,883 102,883
    ETSY INC COM 5,255 5,255
    MORGAN STANLEY COM USD0.01 132,123 132,123
    SERVICENOW INC COM USD0.001 14,280 14,280
    RESMED INC 6,512 6,512
    VERISIGN INC 8,376 8,376
    KROGER CO COM USD1.00 10,998 10,998
    EVOLUTION AB ADR 22,019 22,019
    CAPITAL ONE FINANCIAL CORP COM USD0.01 13,493 13,493
    MERCK &CO. INC COM 64,224 64,224
    PAYCHEX INC COM USD0.01 85,313 85,313
    SHERWIN-WILLIAMS CO 15,847 15,847
    SALESFORCE.COM INC COM USD0.001 23,126 23,126
    XYLEM INC COM USD0.01 7,195 7,195
    ELECTRONIC ARTS INC 5,672 5,672
    US BANCORP 16,121 16,121
    PROGRESSIVE CORP COM 7,699 7,699
    COMCAST CORP 24,863 24,863
    ORACLE CORP 95,408 95,408
    GLOBAL X FDS MSCI NORWAY ETF 64,904 64,904
    ANTHEM INC 10,254 10,254
    NUCOR CORP COM USD0.40 7,876 7,876
    ISHARES INC MSCI NETHERL ETF 53,032 53,032
    ALPHABET INC CAP STK CL C 86,808 86,808
    APPLIED MATERIALS INC COM USD0.01 8,354 8,354
    ALPHABET INC CAP STK CL A 11,588 11,588
    WORKDAY INC COM USD0.001 CL A 31,689 31,689
    BOOKING HOLDINGS INC COM 7,198 7,198
    EXPEDITORS INTERNATIONAL OF WASHINGTON INC 7,923 7,923
    TJX COMPANIES INC 7,136 7,136
    CUMMINS INC 5,639 5,639
    FACTSET RESEARCH SYSTEMS INC 40,825 40,825
    META PLATFORMS INC CLASS A COMMON STOCK 6,727 6,727
    UBIQUITI INC COM 10,735 10,735
    NOVO NORDISK A/S ADR-EACH CNV INTO 1 CLASS B DKK1 26,544 26,544
    UNION PAC CORP COM 6,802 6,802
    ROCHE HOLDINGS ADR 55,234 55,234
    ISHARES MSCI SOUTH KOREA ETF 59,493 59,493
    ALIBABA GROUP HOLDING LTD SPON ADS 33,974 33,974
    REGENERON PHARMACEUTICALS INC 66,941 66,941
    ISHARES INC MSCI TURKEY ETF 251 251
    SCHLUMBERGER LIMITED COM USD0.01 27,674 27,674
    VERTEX PHARMACEUTICALS INC 55,339 55,339
    AMAZON.COM INC 140,042 140,042
    NOVARTIS AG SPONSORED ADR 54,319 54,319
    ROSS STORES INC 6,514 6,514
    ISHARES MSCI SPAIN ETF 53,384 53,384
    PNC FINANCIAL SERVICES GROUP COM USD5 14,638 14,638
    MERCK &CO. INC COM 25,291 25,291
    COMCAST CORP 66,989 66,989
    TARGET CORP 13,192 13,192
    AMAZON.COM INC 123,371 123,371
    DANAHER CORPORATION COM 28,295 28,295
    DISNEY WALT CO COM 30,978 30,978
    CHURCH &DWIGHT CO INC COM 10,045 10,045
    CINCINNATI FINANCIAL CORP COM USD2.00 56,509 56,509
    ABBOTT LABORATORIES 27,022 27,022
    PHILIP MORRIS INTERNATIONAL INC COM NPV 51,300 51,300
    REGIONS FINANCIAL CORP NEW COM 7,521 7,521
    INTERPUBLIC GROUP COS INC COM USD0.10 7,790 7,790
    MOODYS CORP COM USD0.01 10,546 10,546
    DUPONT DE NEMOURS INC COM 12,198 12,198
    MICROCHIP TECHNOLOGY INC. COM 6,181 6,181
    ENPHASE ENERGY INC COM USD0.00001 4,391 4,391
    NORFOLK SOUTHN CORP COM 13,695 13,695
    INTEL CORP COM USD0.001 20,394 20,394
    BERKSHIRE HATHAWAY INC COM USD0.0033 CLASS B 98,072 98,072
    CISCO SYSTEMS INC 85,993 85,993
    AMERICAN INTERNATIONAL GROUP INC 10,519 10,519
    HERSHEY COMPANY COM USD1.00 7,739 7,739
    VISA INC 36,407 36,407
    UNITED PARCEL SERVICE INC 16,504 16,504
    TRANSDIGM GROUP INC 6,363 6,363
    STARBUCKS CORP COM USD0.001 54,274 54,274
    QUALCOMM INC 59,433 59,433
    ALPHABET INC CAP STK CL A 86,911 86,911
    MOODYS CORP COM USD0.01 7,421 7,421
    GOLDMAN SACHS GROUP INC COM USD0.01 8,563 8,563
    INTUITIVE SURGICAL INC 31,978 31,978
    AUTOZONE INC COM USD0.01 8,386 8,386
    TENCENT HOLDINGS LIMITED UNSPON ADR 4,629 4,629
    META PLATFORMS INC CLASS A COMMON STOCK 131,849 131,849
    GLOBAL X FDS MSCI GREECE ETF 62,713 62,713
    EXPEDITORS INTERNATIONAL OF WASHINGTON INC 50,762 50,762
    S&P GLOBAL INC COM 7,079 7,079
    SALESFORCE.COM INC COM USD0.001 84,879 84,879
    AUTOMATIC DATA PROCESSING INC COM USD0.10 18,987 18,987
    CISCO SYSTEMS INC 42,965 42,965
    ISHARES MSCI MEXICO ETF 68,268 68,268
    ISHARES MSCI ISRAEL ETF 54,530 54,530
    MORGAN STANLEY COM USD0.01 6,871 6,871
    MARATHON PETROLEUM CORP COM USD0.01 6,715 6,715
    AUTODESK INC 89,981 89,981
    YUM! BRANDS INC 30,827 30,827
    ISHARES MSCI SINGAPORE ETF 47,805 47,805
    MASTERCARD INCORPORATED CL A 5,749 5,749
    HEICO CORP NEW COM 6,923 6,923
    LOWES COMPANIES INC COM USD0.50 8,819 8,819
    OREILLY AUTOMOTIVE INC COM 7,769 7,769
    NVR INC COM USD0.01 11,818 11,818
    VISA INC 5,634 5,634
    ILLUMINA INC COM USD0.01 42,609 42,609
    LENNOX INTERNATIONAL INC COM USD0.01 6,163 6,163
    LOWES COMPANIES INC COM USD0.50 149,401 149,401
    HILTON WORLDWIDE HLDGS INC 107,009 107,009
    GENERAL MILLS INC COM USD0.10 10,040 10,040
    ANTHEM INC 107,078 107,078
    SCHWAB CHARLES CORP COM 17,241 17,241
    ALPHABET INC CAP STK CL C 332,763 332,763
    BANK OF NEW YORK MELLON CORP COM USD0.01 10,512 10,512
    ELI LILLY AND CO 22,650 22,650
    NESTLE ADR 62,940 62,940
    BAXTER INTERNATIONAL INC COM USD1.00 7,296 7,296
    APPLE INC 224,448 224,448
    PROSUS N.V. SPON ADR EACH REP 0.20 ORD SHS 30,371 30,371
    UNION PAC CORP COM 22,422 22,422
    CME GROUP INC COM 12,108 12,108
    DISNEY WALT CO COM 52,817 52,817
    FIDELITY NATL INFORMATION SERVICES COM USD0.01 10,042 10,042
    BROWN-FORMAN CORP COM USD0.15 CLASS B 5,465 5,465
    NIKE INC CLASS B COM NPV 23,000 23,000
    VISA INC 34,457 34,457
    CONSOLIDATED EDISON INC COM USD0.10 12,115 12,115
    TRACTOR SUPPLY CO 6,681 6,681
    IDEXX LABORATORIES INC COM USD0.10 8,560 8,560
    BORG WARNER INC COM USD0.01 13,025 13,025
    WEST PHARMACEUTICAL SERVICES INC 7,973 7,973
    ECOLAB INC 12,199 12,199
    DEXCOM INC 7,517 7,517
    T-MOBILE US INC COM 11,598 11,598
    EXPEDIA GROUP INC 9,578 9,578
    MARTIN MARIETTA MATERIALS INC COM USD0.01 7,929 7,929
    GENERAL MTRS CO COM 61,503 61,503
    UNITEDHEALTH GROUP INC 141,603 141,603
    AMAZON.COM INC 213,398 213,398
    FORTINET INC COM USD0.001 6,829 6,829
    TEXAS INSTRUMENTS INC COM USD1.00 127,217 127,217
    MONDELEZ INTL INC COM NPV 18,302 18,302
    PFIZER INC 89,106 89,106
    ALPHABET INC CAP STK CL C 66,553 66,553
    WELLS FARGO CO NEW COM 88,907 88,907
    LIBERTY BROADBAND CORP COM SER A 59,372 59,372
    MICROSOFT CORP 310,423 310,423
    DIAGEO ADR EACH REPR 4 ORD GBX28.935185 101,264 101,264
    NXP SEMICONDUCTORS NV 8,883 8,883
    LOEWS CORP COM USD0.01 7,624 7,624
    DEVON ENERGY CORP NEW 23,567 23,567
    LIBERTY BROADBAND CORP COM SER C 103,426 103,426
    NETFLIX INC 151,212 151,212
    BROADCOM INC COM 29,278 29,278
    LAM RESEARCH CORP COM USD0.001 12,945 12,945
    METLIFE INC COM USD0.01 7,173 7,173
    JOHNSON CONTROLS INTERNATIONAL PLC COM 7,754 7,754
    ISHARES MSCI TAIWAN ETF 74,137 74,137
    SEI INVTS CO COM 28,947 28,947
    COLGATE-PALMOLIVE CO COM USD1.00 27,992 27,992
    BOEING CO COM USD5.00 98,445 98,445
    NVIDIA CORPORATION COM 160,878 160,878
    CONSTELLATION SOFTWARE INC COM 7,432 7,432
    AMETEK INC COM 7,793 7,793
    HP INC COM 8,951 8,951
    CHIPOTLE MEXICAN GRILL INC 6,993 6,993
    ARCH CAPITAL GROUP COM STK USD0.01 7,957 7,957
    YUM CHINA HLDGS INC COM 15,102 15,102
    TOPICUS COM INC SUB VTG SHS 643 643
    DEERE & CO 56,234 56,234
    ISHARES MSCI AUSTRIA ETF 70,244 70,244
    KRANESHARES TR CSI CHINA INTERNET ETF 2,408 2,408
    DISNEY WALT CO COM 76,206 76,206
    MICROSOFT CORP 119,057 119,057
    OLD DOMINION FREIGHT LINE INC COM 10,423 10,423
    VISA INC 113,339 113,339
    MONSTER BEVERAGE CORP NEW COM 69,245 69,245
    DEERE & CO 8,572 8,572
    NASPERS SPON ADR 12,577 12,577
    HOLLYFRONTIER CORP 9,211 9,211
    AMGEN INC 21,147 21,147
    CATERPILLAR INC COM 15,299 15,299
    MCDONALD S CORP 27,343 27,343
    AERCAP HOLDINGS N.V. EUR0.01 38,794 38,794
    CONESTOGA SMID CAP FUND INSTITUTIONAL 725,183 725,183
    JOHCM INTERNATIONAL SELECT INSTL 1,584,759 1,584,759
    BLACKROCK GLOBAL IMPACT FUND I 1,192,585 1,192,585
    GMO CLIMATE CHANGE FUND CL I 510,163 510,163
    GMO EMERGING MARKETS FUND I 927,858 927,858
    PIMCO COMMODITY REAL RETURN INST 974,250 974,250
    INVESCO DEVELOPING MARKETS Y 866,554 866,554
    VANGUARD INFLATION PROCTED SEC ADM CL 429,502 429,502
    GOLDMAN SACHS GQG PARTNERS INTL OPP I 1,599,045 1,599,045
    GLOBAL MED REIT INC COM NEW 14,946 14,946
    ALPINE INCOME PPTY TR INC COM 21,723 21,723
    GREAT AJAX CORP COM 23,293 23,293
    EQUITY RESIDENTIAL SBI USD0.01 8,779 8,779
    CROWN CASTLE INTL CORP NEW COM 12,107 12,107
    HOST HOTELS &RESORTS INC COM 6,382 6,382
    CROWN CASTLE INTL CORP NEW COM 111,258 111,258
    AMERICAN TOWER CORP NEW COM 15,503 15,503
    PUBLIC STORAGE COM USD0.10 9,364 9,364
    SBA COMMUNICATIONS CORP NEW CL A 6,613 6,613
    REALTY INCOME CORP COM 7,660 7,660
    WELLTOWER INC COM 7,548 7,548
    SBA COMMUNICATIONS CORP NEW CL A 6,224 6,224
    ALEXANDRIA REAL ESTATE EQUITIES COM USD0.01 8,695 8,695
    PROLOGIS INC. COM 17,004 17,004
    EQUINIX INC COM 11,842 11,842
    DIGITAL REALTY TRUST INC 7,605 7,605
    AMERICAN TOWER CORP NEW COM 5,850 5,850
    EQUITY LIFESTYLE PROPERTIES INC 7,363 7,363

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    Beverley Taylor Sorenson Foundation
    EIN:
    46-3784084
    US Government Securities - End of Year Book Value:

    793,769
    US Government Securities - End of Year Fair Market Value:

    793,769
    State & Local Government Securities - End of Year Book Value:


    481,556
    State & Local Government Securities - End of Year Fair Market Value:


    481,556


    TY 2021 InvestmentsOtherSchedule2
    Name:
    Beverley Taylor Sorenson Foundation
    EIN:
    46-3784084
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ML Private Equity Investments FMV 490,129 490,129
    Private Equity Investment AT COST 4,707,214 5,731,729

    TY 2021 LegalFeesSchedule
    Name:
    Beverley Taylor Sorenson Foundation
    EIN:
    46-3784084
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal 924 0   924


    TY 2021 OtherExpensesSchedule
    Name:
    Beverley Taylor Sorenson Foundation
    EIN:
    46-3784084
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office expense 704 0   704


    TY 2021 OtherIncomeSchedule2
    Name:
    Beverley Taylor Sorenson Foundation
    EIN:
    46-3784084
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Passthrough Income 119,636 -21,348 119,636


    TY 2021 OtherIncreasesSchedule
    Name:
    Beverley Taylor Sorenson Foundation
    EIN:
    46-3784084
    Description Amount
    Unrealized appreciation 1,493,064


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Beverley Taylor Sorenson Foundation
    EIN:
    46-3784084
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Fees 151,964 151,964   0


    TY 2021 TaxesSchedule
    Name:
    Beverley Taylor Sorenson Foundation
    EIN:
    46-3784084
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal taxes 39,000 0   0
    Foreign taxes 1,469 16,327   0